FG begins probe of PHCN workers’ union non-remittance of pension

at 10:10 AM, 14 Aug 12 (5 years ago)
(826 | Upcoming) (m)
The Federal Government has commenced probe into alleged fraudulent conduct of the Power Holding Company of Nigeria (PHCN) workers’ union over non-remittance of pension contributions since 2006.

The Minister of Power, Prof. Barth Nnaji, made this known in Abuja yesterday after he presented report of the ministry’s budget performance to President Goodluck Jonathan at the State House.

Nnaji said that apart from the alleged fraud, the leadership of the union had been engaged in dissemination wrong information to their members to incite the workers against government.

He said the ploy by the union leadership was to blackmail and coerce the Federal Government into exempting them from complying with the national pension laws.

He dismissed the information being circulated by the leadership of the union that the severance pay of the workers would be pegged at N85, 000.

On the 2012 budget implementation, Nnaji put the budget performance at 52.9 per cent.

He explained that N75.5 billion was proposed for capital projects expenditure but the National Assembly raised it to N78 billion to accommodate the members’ constituency projects.

Nnaji said that N21.5 billion had been released, while N11.4 billion out of it had been utilised, which translated to 52.9 per cent.

The minister said that a target of 18 months had been set to complete the metering of electricity consumers in the country, in conjunction with the incoming private investors.

The 2013 budget, he added, would see to the completion of studies on setting up coal-powered plants in Kogi and Enugu states, as well as hydro-power plants in Mambilla and Zungeru.
Idbabe at 12:06 PM, 14 Aug 12 (5 years ago)
(8078 | Hero) (f)
All the probes so far, what results are we seeing.  Just constituting panels up and down to enrich some set of ppl.  Mtcheeeeeeeeeewwwwwwwwwww
chicco77 at 06:15 PM, 24 Aug 12 (5 years ago)
(22620 | Addicted Hero) (f)