NewsEbonyi Govt Approves Over 489bn Pensions, Gratuities To Retirees

Ebonyi Govt Approves Over 489bn Pensions, Gratuities To Retirees

GTCO savethedate

Date:

  Ask ZiVA 728x90 Ads

April 26, (THEWILL) – Ebonyi State Government under Governor David Nwaeze Umahi, has approved the payment of over four hundred and eighty-nine billion as pensions and gratuities to retirees of the state.

Commissioner for Information, Barrister Uchenna Orji, stated this while briefing journalists after Tuesday’s Executive Council meeting at the New Government House in Ochudo City, Abakaliki.

According to him, the pensions and gratuities of N485,953,423.13 and N4,243,348,571.21 respectively owed the retirees include arrears from the previous administrations.

Orji said, “Exco received a report on the progress made in sorting out the issues surrounding the arrears of pensions and gratuities to retired civil servants in the State. Exco noted the total arrears of pensions and gratuities owed to the State retirees, including arrears from the previous administrations as follows: Gratuity – N4,243,348,571.2, Pension – N485,953,423.13.

“It Approved the immediate payment of the total arrears of pensions due to the State Pensioners amounting to N485,953,423.13 covering arrears from all the previous administrations.

“Exco noted the outstanding gratuities due to the State retirees from inception of the State worth N4,243,348,571.21 and approved that the sum of One Billion Naira be released for payment as gratuities to the State retirees effective May, 2023, payable from the funds accruing from Stamp Duties, while the balance of the outstanding sum will be carried over to the next administration.

“Exco noted that the Local Government Councils are not owing any arrears of pensions to their retirees except outstanding gratuities which are being worked out.

“Exco, therefore, approved that the sum of Five Hundred Million Naira (N500,000,000.00) be released in the interim from funds accruing from Stamp Duties for the commencement of immediate payment of the arrears of gratuities due to Local Government retirees”, he said.

Sunday Ogbu is a professional journalist with eight - twelve years experience that had worked with various print and online media. Sunday specializes in news reporting with the aim of educating his readers on current social, political and economic occurences within his area of coverage. Sunday is a strong force to work with in the media industry and uses his positive attitude and tireless energy to encourage others to work hard and succeed. Sunday is inspired daily by his wife and their four children. In his free time, Sunday likes sight-seeing, reading and discussing issues of societal interest.

THEWILL APP ADS 2
Sunday Ogbuhttps://thewillnews.com
Sunday Ogbu is a professional journalist with eight - twelve years experience that had worked with various print and online media. Sunday specializes in news reporting with the aim of educating his readers on current social, political and economic occurences within his area of coverage. Sunday is a strong force to work with in the media industry and uses his positive attitude and tireless energy to encourage others to work hard and succeed. Sunday is inspired daily by his wife and their four children. In his free time, Sunday likes sight-seeing, reading and discussing issues of societal interest.

More like this
Related

Ericsson To Build $19m Tech Hub In Nigeria As Shettima Woos Investors At Sweden Business Meeting

October 18, (THEWILL) –The foreign investment drive of the...

Sarova Hotels Extends Special Offers To Nigerian Market

October 17, (THEWILL) – Sarova Hotels and Resorts has...

Dual Tragedy At World Triathlon Championships In Spain

October 17, (THEWILL) – Two veteran athletes lost their...