FG ORDERS AGF TO SETTLE EX-PHCN STAFF THIS WEEK

The Federal Government has ordered the Accountant General of the Federation to settle all outstanding claims of former staffers of the Power Holding Company of Nigeria (PHCN), as it approved the payment of 75 percent of Interstate Electrics Limited for Enugu Distribution Company Plc. The approval of Interstate payment has thus finally put to rest, the controversy of Interstate's technical and financial incapability to manage the Enugu Distribution Company Plc. The government also approved the North South Power's payment of 75 percent remaining payment for Shiroro Power Plc and other 12 companies, for the acquisition of the 15 distribution companies Power Holding Company of Nigeria.