Lagos- Senior Staff of Allied and Electricity Corporation (SSAEC) on Tuesday confirmed that the 54 000 workers in the electricity sector would soon receive their severance pay.
The SSAEC President, Bede Opara, told the News Agency of Nigeria (NAN) in Lagos that the Federal Government and labour had reached an agreement on payment of the workers entitlements.
Opara did not disclose the total sum that would be paid to the workers.
''The total amount cannot be mentioned now because lot of things had happened. Many people had retired and some of the workers had changed department so the money that will be paid has also been affected.
''Labour and government are contented with whatever that will be paid to the workers if the government implement as agreed, there will be no problem.''
The unionist said that labour had agreed with the government that as soon as the money was paid, the investors would take over the plants.
Opara said that the ongoing verification exercise in the PHCN would be concluded on June 29 since the workers had gone through their pay advice, verified and signed it.
He noted that if there were lapses, such as omission of names, the verification would be extended to ensure that everybody was captured.
The union president also said that the issue of casual workers had been cleared as they had been verified to ensure that they got their money.
He also said that the workers had contacted different Pension Fund Administrators (PFAs) that would handle the money.
Opara said that by the Reform Act, after the payment of the workers, some would continue with the new investors while others would leave.
He said the investors would discuss with the union before such workers would be sacked after being employed.
NAN reports that the Federal Government in February approved N384 billion for the payment of severance allowances to 54 000 workers of the PHCN.
The union had, however, rejected the severance package because it was not a product of consensus.