The Federal Government has paid N4.25 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.
The latest payment, covering Batches 010 and 011, amounts to N4,251,043,000.19 in gross benefits, extends the settlement of outstanding entitlements associated with the defunct national carrier to more eligible beneficiaries.
The first nine batches covered 2,700 beneficiaries, while the latest disbursement extends payment to another 600, bringing the cumulative number of beneficiaries paid to 3,300.
The payment provides financial relief to beneficiaries who have waited for the settlement of pension and severance entitlements linked to service with the former national airline. It also represents progress in addressing longstanding obligations to eligible beneficiaries.
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Meanwhile, the Federal Ministry of Finance’s verification and validation exercise intended to establish eligibility and confirm claims against approved records to facilitate the settlement of outstanding benefits for the next of kin of former Nigeria Airways workers is ongoing.
The ministry stated that it would continue to process verified claims in line with applicable procedures, ensuring that payments are made to eligible beneficiaries, adding that payment of the outstanding obligations reflects the Federal Government’s efforts to resolve verified legacy claims and ensure that eligible beneficiaries receive their entitlements.
