CBN Okays Bank Loans for 27 States For salary Arrears

Central Bank of Nigeria (CBN) has approved the request by deposit money banks to provide financial accommodation to such state governments to enable them pay the backlog of salaries of their workers.

This follows the decision by the National Executive Council (NEC) at its meeting in June requesting the CBN, in collaboration with other stakeholders, to appraise and consider ways of liquidating the outstanding staff salaries owed by state and local governments. 

Those paying it out should me monitored strictly . we dont want to hear more stories after this.

Culled from allAFrica