N-Power reacts to stipend deduction of beneficiaries


N-Power has reacted to the deduction in the stipends received by beneficiaries, saying it was a excess payment of the device collected.

Starting from March, the some volunteers might have to forgo part of their stipends in accordance to agreement to the type of computing device they selected.

According to N-Power team, the Federal Government had entered into agreement with the Bank of Industry to make the device available, and the agreement include paying back if the device price is above the normal rate covered by the Federal Government.

The statement 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 Federal Government.

It further noted that the additional costs will be deducted from their stipends between the months of March and July, 2018.

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