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Author Topic: Bailout funds: Weve notreceived anything yet-Enugugovt  (Read 941 times)

Offline seniorp900

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Contrary to the Central Bank of Nigerias,CBN,position that Enugu State has received
N4.207 billion as bail-out funds designed by the Federal Government to ease financial difficulties in payment of workers salary arrears,the state government yesterday,denied to have received such funds. Reports indicated last week that the state was among five additional states that have received bail-out from CBN. In a telephone chat with Vanguard,the Chief Press Secretary to the governor,Mr. Uwakwe Abugu who contacted the Commissioner of Finance,faulted the CBNs position, adding that the state was not owing workers salaries. Abugu said,the government is not owing workers
salaries. The bail-out accruable to Enugu State is meant for the payment of pension arrears and salaries due to casual workers. The CBN has placed conditions for states to access the  bail-out. The state executive council must meet and approve the bail-out. It will then be sent to the House of Assembly for consenting and an Irrevocable Standing Payment Order,ISPO, issued to enable CBN deduct at source when allocations become available. Meanwhile, Vanguard checks revealed that apart from the Ministries in the state,most parastatals,departments and agencies were being owed between six-twelve months salaries arrears. Some of them includes; Enugu State Transport Company,ENTRACO; Daily Star, Enugu Water Corporation, Enugu State Printing Company,among others.










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