Some former staff of the Nigeria Airways Limited are smiling to the bank from payment of their long outstanding pension and severance packages by the Federal Government.
The Government said an additional 600 former employees of the defunct national carrier were paid ₦4.25 billion benefits which brings the total number of beneficiaries to 3300 across 11 batches..
A statement from the Head of Media, Federal Ministry of Finance, Efe Ovuakporie, made available to VDCInsights said the latest payment, covering Batches 010 and 011, amounts to ₦4,251,043,000.19 in gross benefits.
The payment provides financial succour to beneficiaries who have waited for the settlement of their pension and severance entitlements with the former national airline.
VDCInsights reports that the first nine batches captured 2,700 beneficiaries,before the additional 600 beneficiaries and represents progress in addressing longstanding obligations to eligible beneficiaries.
Ovuakporie also disclosed that verification and validation exercise for the next of kin of former Nigeria Airways workers by the ministry was ongoing, stressing that the process is intended to establish eligibility and confirm claims against approved records to facilitate the settlement of outstanding benefits.
She said the Ministry will continue to process verified claims in line with applicable procedures, ensuring that payments are made to eligible beneficiaries.
The ministry’s spokesperson added that the settlement of these obligations reflects the Federal Government’s efforts to resolve verified legacy claims and ensure that eligible beneficiaries receive their entitlements and the payment aligns with President Bola Tinubu’s Renewed Hope Agenda by advancing the resolution of longstanding obligations and providing financial relief to affected families.
