NPower Payment News Today 21nd December, 2023
In a crucial development, the Finance Director of the Ministry of Humanitarian Affairs recently met with the Senate Committee to address concerns regarding the NPower Batch C2 payments. Nasir, a reliable source, shared insights on what transpired during this meeting.
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Contents
Mopped Up: Unraveling the CBN Program
“Mopped Up,” a program by the Central Bank of Nigeria (CBN), seized the NPower Batch C2 funds on December 31, 2022. This initiative occurs annually as the CBN retrieves unused funds from the Ministry’s account by year-end. Nasir revealed that the former Minister, Sadiya Umar Faruk, failed to utilize the Batch C2 payment funds, leading to the CBN’s intervention.
Senate Committee’s Intervention
The Senate Committee, set to report on Thursday, December 21, is expected to bring clarity and resolution to this financial dilemma. The committee aims to ensure that the CBN promptly refunds the funds, allowing NPower beneficiaries to receive their payments without unnecessary delays.
Ministerial Accountability
The former Minister’s alleged failure to utilize the Batch C2 payment fund has raised concerns about accountability. The Senate Committee’s investigation seeks to shed light on the circumstances surrounding the funds’ lapse and the subsequent Mopped Up action.
Anticipated Resolution
Nasir expresses hope that the Senate Committee’s report will prompt the CBN to refund the seized funds swiftly. This resolution is crucial for ensuring timely payments to the deserving beneficiaries of the NPower program.
Stay tuned for updates on Thursday, December 21, as the Senate Committee unveils its findings, bringing transparency and accountability to the forefront of the NPower Batch C2 payments saga.
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