Sunday , April 22 2018

N-Power: Reason for Deduction in Stipends

Information reaching us at Emmy Loaded has it that most of the N-Power beneficiaries has noticed a deduction in their stipends and a lot of them don’t know the reason for this deduction whereby causing panics and reactions on N-power social media pages.

This is to inform the general public and all affected beneficiaries that the N-power team has explained in details the main reason for this deduction of stipends from selected beneficiaries.

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Reasons for Deduction in Stipends of N-Power Beneficiaries

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 Federal Government.

Consequently, the additional costs will be deducted from their stipends between the months of March and July, 2018.

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