President Muhammadu Buhari has graciously approved the immediate release of N22.68 billion and N20billion as retirement benefits of ex-workers of NigerianAirways limited (in Liquidation) and ASUU’s request for revitalization fund of public universities.
Regarding the settlement of outstanding retirement benefits due to Ex-workers of the NigeriaAirways, the initial submission for their retirement benefits was N78 billion.
This amount was verified by PICA and other relevant stakeholders in line with the condition of service of Nigeria Airways Limited in liquidation and other extant rules and regulations. At the end of verification, N45 billion was agreed as total retirement benefits of affected staff.
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