WE HAVE NOT RECEIVED ANY BAIL OUT YET - ENUGU GOVT

Contrary to what CBN said about giving Enugu State N4.207 billion as bail-out funds designed by the Federal Government for payment of workers salary arrears,the state government yesterday,denied to have received any fund.

Reports indicated last week that the state was among five additional states that have received bail-out funds from CBN.
According to Vanguard,the Chief Press Secretary to the governor,Mr. Uwakwe Abugu contacted the Commissioner of Finance and faulted the CBN’s position, adding that the state was not owing workers salaries.
Abugu said:

The government is not owing worker’s salaries. The bail-out accruable to Enugu State is meant for the payment of pension arrears and salaries due to casual workers.

“The CBN has placed conditions for states to access the  bail-out. The state executive council must meet and approve the bail-out. It will then be sent to the House of Assembly for consenting and an Irrevocable Standing Payment Order,ISPO, issued to enable CBN deduct at source when allocations become available.