N-Power: FG reveals why there is delay, non-payment of some participants
In a statement on the scheme’s Twitter handle, Federal Government listed 10 reasons for the delay and non-payment.
“Physical verification for 2016 selected beneficiaries started in December and closed on March 12.
“Physical verification was done against your age, qualification and place of residence.
“Some states erroneously deployed everyone sent to them for physical verification. Without physical verification on all the fronts, payments will not be made to such people.
“Physically verified applicants were further subjected to Nigeria Interbank Settlement Scheme (NIBSS) validation. This is the process where NIBSS compares the record a beneficiary gave us on the portal to the record they have that is tied to your BVN.
“33,000 whose records didn’t pass the NIBSS validation should have been disqualified. But the president and the vice president extended this grace that the team work with you (applicants), month on month to validate you till you are able to receive payment, and that’s what we mean when we say you are NIBSS verified.
”So what you notice is that once you get your first payment, for example, if you get your first payment in the month of March, you will continue to get April, May, June and we will then work to pay you your backlogs.
“Possible scenarios why you may not have been getting paid: a. Unmatched BVN b. Matching BVN, but your names don’t match. At least two names provided on the portal must match with the BVN records provided for you to be paid. The bank account given is not linked to BVN. Beneficiary didn’t link BVN to his bank account. d. Beneficiaries gave no NUBAN account number. What is a NUBAN account? NUBAN is the National Uniform Banking Account Number which is a 10-digit account number, not the 14, 15, 16 we used to have before. So if you gave us a non-NUBAN account number you also cannot be paid. e. Beneficiaries provided accounts that were set up during your NYSC, that was profiled not to take more than N19,000, so when we try to pay N30,000, the banks return your money saying that the account cannot receive that amount of money.
“We are currently working to sort out all of your payment issues for 11,540 beneficiaries.”
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