Wednesday, December 4, 2013

ASUU Latest: FG deposits N200bn varsity funds with CBN

The federal government says it has opened an account with the Central Bank of Nigeria (CBN) in which it has deposited N200 billion promised as funding to universities.

"An account in the name of 'Universities Infrastructural Funds' has been opened in the Central Bank of Nigeria and the agreed sum of N200 billion has been set aside for the account by the federal government." - Senior Special Assistant to the President on Public Affairs, Dr. Doyin Okupe said.

"The Academic Staff Union of Universities therefore has no legal or any legitimate grounds to continue the strike for even one day longer." he stated.

The government, which has insisted that it has met the union's demands to enable it suspend its five-month-old strike, has also extended today's deadline for the striking university teachers to resume work or risk losing the jobs by one week.

The new deadline is to honour a former ASUU President, the late Prof. Festus Iyayi, whose funeral rites begin tomorrow and would last until Saturday.

It also assured lecturers who resume by the new deadline of December 9 that they would be paid their salary arrears.

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