Minister of Finance, Zainab Ahmed has announced President Buhari’s approval of the release of funds meant for the payment of ex officials of the defunct Nigerian Airlines.
The Nigerian Airlines went out of business after facing liquidation with their former workers being owed retirement benefits.
Also, the President has approved revitalisation funds for universities, as requested by the Academic Staff Union of Universities, ASUU.
In a series of tweets by the Minister of Finance, she revealed that;
Muhammadu Buhari has graciously approved the immediate release of N22.68billion & N20billion as retirement benefits of ex-workers of the NigeriaAirways limited (in Liquidation) & ASUU’s request for revitalization fund of public universities.
She said; As you might be aware, the Ex-workers of Nigeria Airways Limited (in Liquidation) were not paid their retirement benefits for the past 15 years. Many ex-workers have been through untold hardship. This unfortunate situation cannot be allowed to continue under a responsible admin.
To ensure that these Presidential directives are duly implemented in line with extant Financial Rules, I have constituted a Committee to be headed by the Secretary of Presidential Initiative on Continuous Audit (PICA), Dr. MK Dikwa (Mni).
Other members of this Committee includes representatives of the,
– Office of the Head of Civil Service of the Federation
– Federal Ministry of Aviation
– Federal Ministry of Finance
– Bureau of Public Enterprises
– Office of the Accountant General of the Federation.
– Pension Transitional Arrangement Directorate (PTAD)
– Union of Ex-Workers of Nigeria Airways Limited (in Liquidation)
– and Budget Office of the Federation.
She also revealed that the formed committee is expected to physically verify the claims of Pensioners and relevant Next-of-Kin before the release of funds to the approved beneficiaries.
Ahmed finally disclosed that other modalities will be worked out by the Committee to ensure speedy payment, transparency and integrity of the process.