APEC 2018 Featured Finance News

Ngangan explains allowance payments for APEC JSTF

Finance Secretary, Dr. Ken Ngangan, has explained what has been done since the APEC Security Personnel under the Joint Security Task Force (JSTF) had demanded from their superiors – their allowances.

Their demand was for the allowances to be paid immediately.

Dr. Ngangan said he had, in the presence of his Deputy Secretary Operations, met with Police Minister Jelta Wong, and Assistant Commissioner of Police, David Manning.

He said he had made an assurance that all allowances owed to security personnel, would be paid.

“APEC has just concluded, and we are about to sort out outstanding claims, including allowances.”

“The warrants for allowances have been released, and the Budget Management Team, which decides on weekly cash flow, met today and resolved to sort out half of the total allowances owed, this week, and half next week,” says Secretary Ngangan.

He went on to explain that K10.8million, being half of the total allowances payable, is awaiting payment into officers’ bank accounts.

“BSP is now waiting for JSTF operations to provide lists of personnel’s bank account details, for the funds to be paid directly into their bank accounts,” says Dr. Ngangan.

“The other K10.8million will be paid early next week, and all outstanding service providers for APEC will also be sorted.”

“APEC has just concluded, and we ask for everyone’s patience while we arrange the settlement of all outstanding.”

Source: Media Release from Finance Secretary, Dr. Ken Ngangan.

November 20, 2018

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