HM Sadiya Farouq Response pertaining to Npower Stipends Payment On NTA According to the Minister, we have reached out to some MDAs and private sectors to see how some of the exited Npower beneficiaries can be absorbed. She however stated that about 109,000 Npower volunteers have started their own business.
The Honourable Minister also talked about npower stipends and as well as exit package on Npower permanency.
Our payment process is guided by two key parameters.One is the elimination of any intermediary or middle man,that is we have never paid any of you through anybody,we have always paid you direct.
The second parameter is we are been careful to save guard you over identity theft. What this means is that,we cut of payment process in the middle of every month,it goes through administrative procedures.before you get paid, there is validation that happens in the Nigerian inter bank settlement scheme (NIBSS).
On the day we cut of payment for the month,we take exceptions to payroll and we progress it,it goes on to the Hon Minister,from her desk,it moves down to the permanent secretary and then to the director of finance down to the deputy director of finance.Here all the checks and balanced are done,which takes some time.This happens before the funds are been moved from the treasury single account which is hosted by cbn. They run the validation, to ensure again that all of your details provided on the payroll matches with the details on your bvn.
Once this matches,you are validated for payment and then money is released to beneficiaries bank and then paid to your account.
Once there is any issue on any individual detail,the funds for that individual are sent back from the banks to nibs, from nibs back to the ministry. So now you will see all that happens when there is payment delay.
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