This is certainly good news for 600 former Nigerian Airways workers President Bola Tinubu has released N4 billion as the second tranche of severance benefits for them, reports thegaxellenews.com.
This is contained in a statement by Maryann Duke, Senior Special Assistant on Communications and Press Secretary to the Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, made this disclosure through a statement on Monday, 19 October, 2026.
According to the statement, the N4 billion payment follows the N18 billion earlier released in September 2026 to settle the entitlements of 2,700 former workers across the first nine batches.
The statement also added that the disbursement is part of the Federal Government’s ongoing efforts to settle outstanding severance obligations owed to former employees of the defunct national carrier.
Duke also stated in the statement that the total gross severance benefits for the 600 beneficiaries amount to N4,251,043,000.19, with deductions of N212,552,150.01, adding that the net amount released for payment stands at N4,038,490,850.18.
She explained in the statement that the latest disbursement was part of the Federal Government’s ongoing efforts to settle outstanding severance obligations owed to former employees of the defunct national carrier.
Duke also stated that payments were being processed in batches based on the verification of eligible beneficiaries and their records to ensure that approved entitlements reached the rightful recipients.
“The Federal Government recognises the prolonged wait experienced by former employees and their families and remains committed to resolving legitimate outstanding claims through an orderly and transparent process, while safeguarding public funds through appropriate verification,” the statement said.
