Wednesday, 12 September 2012

National Assembly tasks federal government on £2million discovered PHCN pension fund in a London bank

 The National Assembly has told the Federal Government that the report on the discovery of over two million pounds belonging to the PHCN pension scheme in a London bank should not be swept under the carpet.

The report of the Federal Government's eight-man committee headed by a former Auditor- General of the Federation, Joseph Ajiboye, which investigated the Power Holding Company of Nigeria pension scheme, had discovered the unutilised funds.

The Vice Chairman of the House of Representatives Committee on Power, Abike Dabiri-Erewa at the commissioning of the National Electricity Regulatory Commission's Consumers Forum Office in Ikeja said the two chambers would ensure that proper thing is done.

She described the keeping of the workers pension money in an offshore account as inhuman.

The Minister of State for Power, Darius Ishaku in his responds said it was welcome development that the money has been discovered by a committee set up by the federal government.

He explained that the funds would assist in the resolution of some of the outstanding electricity workers issues.

On the commissioning of the Ikeja Forum Office, Governor Babatunde Fashola urged members of the public to ensure power is properly conserved for the benefit of the country.

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