President Muhammadu Buhari has approved the immediate release of N22.68billion as retirement benefits of ex-workers of the Nigeria Airways Limited (in Liquidation).
Mr Buhari also approved the release of N20billion, being a demand by ASUU for revitalization fund of public universities.
Regarding the settlement of outstanding retirement benefits due to the ex-workers of the Nigeria Airways, the initial submission for their retirement benefits was N78 billion.
This amount was verified by PICA & 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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