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Fri, Mar

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Officials of N-Power, a Federal Government empowerment scheme, have explained why stipends of some beneficiaries were deducted. According to a statement posted on its Twitter verified handle on Wednesday, the scheme said "Beneficiaries who selected the Tecno and Speedstar devices incurred additional charges.


The Statement with the title, ‘Deduction in Stipends’ reads:


”A few beneficiaries will have noticed a deduction in their stipends. You will recall that the Federal Government entered into a 20-month Assest Finance Agreement with the Bank of Industry for the N-Power devices. Beneficiaries who selected the Tecno and Speedstar devices incurred additional monthly charges over and beyond the N4,500 monthly device credit voucher of the FG. Consequently, the additional costs will be deducted from their stipends between the months of March and July, 2018.”


Recall that some beneficiaries of the social intervention programme had raised alarm over the recurring deduction of their stipend by officials of the programme.

 

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