Connect with us


News

N Power: FG Explains Deduction In Salary Of Beneficiaries

Published

on

N-Power
N-Power explains why some volunteers were underpaid

N-Power administrators explain deduction in allowance of beneficiaries

N-Powers explain why some volunteers were underpaid

Administrators of the federal government’s social intervention scheme, N-Power, have explained the deduction noticed by some beneficiaries in the payment of their March stipends.

They explained the deduction is for the beneficiaries who selected the Tecno and Speedstar devices and have incurred additional monthly charges over and beyond the N4,500 monthly device credit voucher of the Federal Government.

This is contained in a statement released on the official social media page of the scheme, as obtained by Naija News.

It reads:

“Re: Deduction in Stipends.”

“A few beneficiaries will have noticed a deduction in their stipends.”

“You will recall that the Federal Government entered into a 20-month Assest Finance Agreement with the Bank of Industry for the N-Power devices.”

“Beneficiaries who selected the Tecno and Speedstar devices incurred additional monthly charges over and beyond the N4,500 monthly device credit voucher of the Federal Government.”

“Consequently, the additional costs will be deducted from their stipends between the months of March and July, 2018.”

Meanwhile, following the successful completion of the physical screening exercise, the final list of 2017 successful applicants for the N-Power scheme, is still been expected from administrators of the scheme.

Source: Naija News

Content provider, creative writer, inspired by the opportunity to learn new things. You can reach out to me via [email protected]