Channels Television
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Over N500 million pension trapped in London
Posted
September 11, 2012
Views
125
Likes
1
Engagement
0.80%
September 11, 2012
125
1
0.80%
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3:24Now PlayingA panel set up to investigate the electricity workers' pension contributions in the power sector has submitted its report to the minister of state for power.
Submitting the report on Monday in Abuja, the Chairman of the investigative panel and a former Auditor-General of the Federation, Joseph Ajiboye said that Power Holding Company of Nigeria's (PHCN) workers' pensions was never a contributory scheme and was never funded by a budgetary allocation but rather through an internal arrangement in the company.
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