By Mariam Abeeb
The Federal Government has paid ₦4.25 billion in outstanding pension and severance benefits to an additional 600 beneficiaries of Nigeria Airways Limited, bringing the total number of beneficiaries paid across 11 batches to 3,300.
This was made known in a statement by Efe Ovuakporie
Head of Media, Federal Ministry of Finance , in Abuja
The latest disbursement, covering Batches 010 and 011, amounted to ₦4,251,043,000.19 in gross benefits, according to a statement by the Federal Ministry of Finance.
The ministry said the payment extended the settlement of outstanding entitlements associated with the defunct national carrier to more eligible beneficiaries.
It said the first nine batches covered 2,700 beneficiaries, while the latest disbursement brought the cumulative number of beneficiaries paid to 3,300.
The payment is expected to provide financial relief to beneficiaries who have waited for the settlement of pension and severance entitlements linked to their service with the former national airline.
The ministry described the disbursement as further progress in addressing longstanding obligations to eligible former Nigeria Airways workers and their families.
Meanwhile, the ministry’s verification and validation exercise for the next of kin of former Nigeria Airways workers is ongoing.
The exercise is aimed at establishing eligibility and confirming claims against approved records to facilitate the settlement of outstanding benefits.
The ministry said it would continue to process verified claims in line with applicable procedures to ensure that payments were made to eligible beneficiaries.
It said the settlement reflected the Federal Government’s efforts to resolve verified legacy claims and ensure that eligible beneficiaries received their entitlements.
The ministry added that the payment aligned with President Bola Ahmed Tinubu’s Renewed Hope Agenda by advancing the resolution of longstanding obligations and providing financial relief to affected families.
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