Pensioners: Delta debunked reports about refunds

We also have directed that N2.5 billion from that N30 billion be given to Bureau for State Pension and a grant of N2.5 billion to the Local Government Pension Bureau to help offset our pensioners’ debt.

Yesterday, the Delta Government debunked media reports that it collected refunds from the Federal Government without disclosing to citizens, saying the State Government has remained committed to transparency and accountability in all its financial dealings on behalf of Deltans.

The Commissioner for Finance, Chief Fidelis Tilije disclosed this while addressing issues of 13% derivation arrears payment to oil-producing states during a press conference in Asaba.

He stated that contrary to reports Delta State has only received N14.7 billion in three quarterly installments of N4.9 billion each.

According to him, the total amount due to the State from the 13% derivation arrears is N240bn out of which the Federal Government agreed to pay it in quarterly installment for a period of five years.

“With the agreed amounts settled, some states approached commercial banks and discounted theirs in full and collected the money, but Governor Ifeanyi Okowa said he would not want to leave the next administration with a huge debt burden,”

“So far, the State Government has received N14.7 billion in three quarterly installments and we have also accessed N30 billion out of the N100 billion we applied for as bridging finance,” Chief Tileje explained.

In other related news about pensioners

While speaking to journalists, Governor Ifeanyi Okowa stated that his administration has accessed N30 billion out of the N150 billion that it applied for from a financial institution under the ‘Bridging Finance’ facility.

Governor Okowa emphasized that N25 billion out of the N30 billion has been deployed into ongoing projects — while the remaining N5 billion has been channeled into the payment of pensioners in the Bureau for State Pensions and the Local Government Pensions Bureau.

According to him, local government pensioners are not under the state’s purview, however, the N2.5 billion has been given to the local governments as a grant from the state government.

“We also have directed that N2.5 billion from that N30 billion be given to Bureau for State Pension and a grant of N2.5 billion to the Local Government Pension Bureau to help offset our pensioners’ debt.

“Local Government Pensioners are not paid by the state government, however, this is an assistance in the form of a grant that will help to alleviate the funds that are being owed to local government pensioners,” Okowa said.

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