Amadi Defends Position on NERC Retirement Benefits

Dr.-Sam-Amadi-Executive-Chairman-Nigerian-Electricity-Regulatory-Commission

The Nigerian Electricity Regulatory Commission (NERC) has been accused of unilaterally fixing the salaries and allowances of its Board and staff members without recourse to the National Salaries, Incomes and Wages Commission (NSIWC) as is required by law.

This was highlighted during the first day of an investigative public hearing to probe the activities of NERC by the House of Representatives Standing Committee on Power at the National Assembly, sequel to the House resolution of November 4, 2015 halting the planned payment of N2.7 billion by the Board of NERC to its members.

The Chairman of NERC, Dr Sam Amadi, while making submissions before the committee, said the figure was actually N2 billion that was earmarked for a Sinking Fund, which is aimed at catering for retirement benefits of staff of the commission in future when due.

He also said that NERC was not bound to abide by NSIWC’s decision or formula in fixing salaries and allowances of its staff, adding the commission is empowered by a presidential directive to fix its emoluments as its actions are backed by the Pension Act.

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