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Last updateSam, 31 Jan 2015 10am


PHCN: Bureau of Public Enterprises proceeds to settle residual issues

Power Holding Company of Nigeria (PHCN) severance pay - The Bureau of Public Enterprises (BPE) has commenced the process to address residual issues related to the settlement of the terminal benefits of the staff of the defunct Power Holding Company of Nigeria (PHCN). The bureau said yesterday that a tour of designated centres across the country has been scheduled to commence tomorrow, Wednesday, January 29, 2014.

BPE Spokesman, Mr Chigbo Anichebe, in a statement yesterday, noted that the move was in line with the bureau's determination to ensure that all residual issues related to the settlement of the terminal benefits of staff of the defunct PHCN were resolved following the privatisation of the former government monopoly.

According to him, the tour would be co-ordinated by the technical sub-committee of the committee chaired by the permanent secretary, federal ministry of power, set up by the federal government on the settlement of PHCN terminal benefits. The sub committee's work is expected to last two weeks from January 29 to February 12, 2014.

Anichebe also stated that the tour will take place simultaneously at the following centres: (Abuja) -PHCN Corporate Headquarters, (Lagos) - Ikeja DISCO, (Port-Harcourt) -PH Disco Zonal Office, (Kaduna) -Disco Zonal Office and (Bauchi) - Bauchi Business Unit.

Accordingly, the bureau advised all PHCN staff with pending issues to take advantage of the initiative and visit the designated venues with their complaints.

"All staff having pending issues are advised to contact their Successor Companies' Human Resources Departments for further information and modalities," it said.

According to the BPE, as at December 20, 2013, 43,375 PHCN workers, out of the total of 47,913, had been cleared and paid their terminal benefits and pensions, totalling N361.02 billion. This represents 95 percent of the total staff.

Anichebe noted that the remaining 4,538 staff that are yet to be paid have issues, and this prompted the Federal Government to set up a Technical Committee to address those issues.

By NSE Anthony-Uko