ASUU Strike To Be Called Off Soon As CBN Confirms N200b Payment

CBN Confirms Universities N200b Account, As Okupe
Speaks About ‘Honourable Path’ For ASUU.

The Central Bank of Nigeria (CBN) has confirmed that a sum of N200 billion agreed with the Academic Staff Union of Universities at a meeting with President Goodluck Jonathan on November 5 has been fully paid into a Revitalization of Universities Infrastructure Account.

The Senior Special Assistant to the President on Public Affairs, Dr. Doyin Okupe, disclosed this today in Abuja, where he made the CBN letter available to newsmen. Okupe did not, however, address the question of the signed statement being demanded by ASUU outlining the terms of their agreement.

While giving further evidence that the N200bn had been paid, Okupe released a copy of the letter written by the Deputy Governor of CBN, Mr. Tunde Lemo, to the Accountant General of the Federation, to journalists.

The letter, with reference GVD/DGO/GEN/MPA/05/151 and dated December 10, 2013, reads in part, “Confirmation of the execution of your mandates for the credit of account No: 00200xx522, Revitalisation of Universities Infrastructure Account.

“I write to confirm the execution of the following mandates by the CBN for funding of the above mentioned account as follows:
1. Mandate FDL/LP201340/1/30/DF: N129,300,000,000:00
2. Mandate FD/FA/124/Vol X11/120/1DF: N20,700,000,000:00
3. Mandate FD/LP2013/40/1/DF :N50,000,000,000:00

“I wish to further confirm that the available balance in the aforementioned account is N200bn (two hundred billion naira) only.

“Please accept the assurances of my best regards.”
With this, Okupe said there was no need for the continuation of the strike.

He said the President of ASUU, Dr. Nasir Fagge, had assured last Thursday that if there was proof of payment of the sum, the strike would be called off immediately.

Okupe said, “I hereby show the proof of payment to all Nigerians, not only to ASUU and to let the people know that when we say that this administration has no credibility issue, we mean it.

“We have kept our cool; we have taken a lot of insults and all that and things that were disparaging but we are glad to show this proof that this has been done as we said.”

Source- PUNCH.


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About Obasi Chinedu

Obasi Chinedu Is an Author at He is a member of the Nigerian Union of Campus Journalist (NUCJ). You can reach out to Him On Twitter via @Obasi_Chinedu

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