FG shuts NERFUND, sends workers on indefinite leave

Minister of Finance, Mrs Kemi Adeosun

The Federal Government has shut the operations of the National Economic Reconstruction Fund following the crisis that had crippled the agency in the last three weeks. It also directed all the workers of the agency to proceed on an indefinite leave pending further action that would be taken on the crisis.

A notice on the shutdown of the agency was on Thursday issued by the Permanent Secretary, Federal Ministry of Finance, Mahmoud Dutse, to members of staff of the organization.

The notice read in part, “Following recent developments in your organization and failure to reconcile the differences between the executive management and the entire staff in spite of the ministry intervention on the matter, the Federal Ministry of Finance has decided to close down your agency with immediate effect to forestall a further breakdown of law and order. “Consequently, all members of staff should proceed on an indefinite leave pending further instructions from the ministry.”

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