News

NPower Gives Reasons For Delayed Payments, Warns Public Against Fake Cash Investment Scheme

Minister of Humanitarian Affairs, Disaster Management and Social Development, Hajiya Sadiya Umar Farouq has disclosed the reasons behind the delay in payment of October stipends to N-power beneficiaries.

According to the Minister, the payment was delayed to the Npower beneficiaries in order to sort out challenges which have resulted in some Npower beneficiaries Bank Accounts not being credited.

She added that the delay is also caused by instability in the network.

“In our quest to ensure Beneficiaries are paid at once, we adopted Bulk payment approach which was PARTIALLY SUCCESSFUL resulting to some accounts getting credited and some not, due to network instability.

“As a result, October payments were paused to get the challenge sorted out. Payment for the said month to all concerned shall RECOMMENCE at the shortest possible time. Please bear with us”, she stated.

She also restated her ministry’s resolve to clear the outstanding Stipends of October, November, and December owed to the 510,000 Stream 1 beneficiaries of the Batch C Npower Programme.

“We sincerely appreciate your patience throughout the moment payment has been processing. Be rest assured all outstanding will be cleared as November and December payment will soon commence”, she assured.

Furthermore, the minister warned N-Power beneficiaries not to participate in any unverified investment scheme.

She noted, in a statement, that the ministry is aware of the current fraudulent investment scheme trending on social media and therefore, urged N-power beneficiaries not to fall victim.

According to her, the ministry does not run an investment scheme and hence, the public should disregard such programme.

“The attention of the Minister of Humanitarian Affairs, Disaster Management and Social Development, Sadiya Umar Farouq has been drawn to a fraudulent Cash Wealth Investment Programme asking the public to pay certain amounts of cash and get bumper Returns on Investment.

“This is to inform the public that the Ministry does not run such fraudulent programs and should be disregarded.

“The public is advised to always verify similar post from official channels. The public should please take note”, the statement reads.

Investors King Contributor

Share
Published by
Investors King Contributor

Recent Posts

Discordant Tunes Greet 50% Tariff Hike As Subscribers Threaten To Sue NCC

Nigerians have expressed displeasure over the decision of the Nigerian Communications Commission to increase tariffs…

1 hour ago

Beatrice Ekweremadu Returns to Nigeria After Serving Sentence in UK

Mrs. Beatrice Ekweremadu, wife of former Deputy Senate President Senator Ike Ekweremadu, has reportedly returned…

1 hour ago

Nigeria Expands Refining Capacity with MRO Energy’s Delta State Refinery

The Federal Government has taken another step toward boosting Nigeria’s refining capacity with the approval…

2 hours ago

Eko DisCo Set for Transformation as Transgrid Enerco Signs Historic 60% Acquisition Agreement

Transgrid Enerco Limited has signed a Share Purchase Agreement (SPA) to acquire a 60% equity…

2 hours ago

Metering Gap Exceeds 7 Million Despite Multilateral Loans and Government Funds

Despite interventions by the Federal Government and multilateral lenders amounting to over N1.5 trillion, Nigeria’s…

3 hours ago

Petrol Prices Surge to N990 in Abuja, N960 in Lagos as Oil Tops $80 Per Barrel

The Nigerian National Petroleum Company Limited (NNPC) has increased the pump price of petrol at…

4 hours ago