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From Adanna Nnamani, Abuja
Pensioners under the aegis of Electricity Sector Retirees Welfare Association (ESREWA), have asked the Federal Government to quickly facilitate payment of N34.9 billion owed to them by the board of the Nigerian Electricity Liability Management Company Ltd (NELMCO).
The Vice President, Prof. Yemi Osinbanjo, had in August, 2022, inaugurated NELMCO board, Chaired by the Minister of Finance and Budget Planning. NELMCO is a company limited by guarantee incorporated on 25th August, 2006 by the Federal Government of Nigeria through the Bureau of Public Enterprises (BPE) to assume and administer the debts and non-core assets of the defunct Power Holding Company of Nigeria (PHCN) Plc as well as the pre-privatisation liabilities of the PHCN, in line with the provisions of the Electric Power Sector Reform Act, 2005.
In a statement signed by its President, Elder Benjamin Amako, the union said: “N34.9 billion is owed to us. The electricity sector pensioners was established in 2014 by NELMCO. We were even told by NELMCO that the money was approved and budget for onward payment to us. But till date unfortunately, we have not heard, seen, or received a dime.
“We are using to opportunity to urge President Buhari and Vice President Osinbanjo and the members board, especially the Minister of Finance to leave no stone unturned in ensuring we receive the entitlements of our life sweat. We have in the past written to President Buhari and Vice President Osinbanjo on the matter and we are once again calling on them to specifically help us.”
