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Senate Probes Alleged Missing N27bn PHCN Workers’ Pension


Senate Committee on Ethics, Privileges and Public Petition has resolved to investigate the alleged missing N27 billion which was meant for the payment of former workers of the defunct PHCN

It, therefore, directed the National Association of Disengaged Staff of Power Holding Company of Nigeria to provide further documents to substantiate its allegations to facilitate the investigation.

The Bureau for Public Enterprises (BPE) had written to disown the private company which it allegedly was hired to pay the money to the ex-workers.


Emmanuel Okere, who represented the former PHCN workers, had told the committee that he had tried to meet the BPE many times to discuss the issue, adding that the BPE refused to create the opportunity for it.

He pleaded with the committee to use its powers to prevail on the Economic and Financial Crimes Commission (EFCC) to avail it with some documents relating to the alleged missing N27 billion.


He said: “This panel can accomplish more results if you write to the EFCC . I believe that the Senate committee cannot be helpless in getting the document because if that happens, the fate of the poor ex-workers is best imagined.”

The association had informed the Senate committee that it discovered the existence of some hidden monies meant for the payment of their pension.


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