The Federal Government, under President Bola Tinubu, approves and releases new severance payments for 600 former Nigeria Airways employees. Multiple outlets report that the latest disbursement is part of an ongoing settlement of outstanding pension and severance benefits dating back to the airline’s collapse and liquidation in the early 2000s.
Premium Times and The Punch say the payment is ₦4.25bn for 600 additional ex-workers, bringing the total number paid to 3,300. Ghana MMA and Daily Post similarly describe Tinubu approving around ₦4bn for a fresh tranche, citing batches 10 and 11. Nigerian Eye provides the most detailed breakdown, describing the release as about ₦4.04bn after deductions, with gross entitlements of ₦4,251,043,000.19 and net released of ₦4,038,490,850.18, and it refers to the second tranche covering “verified beneficiaries” in Batches 010 and 011.
Across sources, the consistent context is that Nigeria Airways stopped operating in 2003 and was liquidated in 2004, leaving many workers waiting for full entitlements for over two decades. The main differences are the exact wording and figures (₦4bn vs ₦4.25bn, and gross versus net), and the level of administrative detail about verification, batches, and deduction calculations.
