N-power deducting beneficiaries’ stipends

N-Power, Federal Government empowerment scheme, has explained why stipends of some beneficiaries were deducted.

The scheme explained that ” Beneficiaries who selected the Tecno and Speedstar devices incurred additional charges.

This information was contained in a statement on its Twitter handle.

The Statement with the title, ‘Deduction in Stipends’ reads:

”A few beneficiaries will have noticed a reduction in their stipends.

”You will recall that the Federal Government entered into a 20-month Asset 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 FG.

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