Monday 11 January 2016

BPE distances self from N27bn PHCN pension premium


The Bureau of Public Enterprises (BPE) has distanced itself from the huge outstanding insurance premium of staff of the Power Holding Company of Nigeria (PHCN) who died in active service, Leadership reports.

The Bureau confirmed there is outstanding premium of about N27,188,232,208.20 for which payment has not been made. PHCN had already filed claims with GNIP for 267 staff that died in active service for compensation to the relations/widows of the deceased. GNIP did not pay the claim because PHCN did not pay premiums due for 2011/2012 and 2012/2013” a statement said.
However, PHCN submitted these claims to the Implementation Committee set up by the National Council on Privatization for the processing of entitlements to PHCN Staff that then made representations to the then Minister of Power.

This Implementation Committee chaired by a Minister comprised of representatives of various Ministries and Agencies, was superior to BPE management. Thus no single one of the forty tranches of payments to PHCN Staff ever came to the BPE management for consideration, BPE explained.

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