The Federal Government has granted the request of ASUU promising to release their N23billion outstanding Earned Allowances.
The money will be released next week, Minister of Education Adamu Adamu said.
The government said the Nigerian Universities Pension Management Company matter would be resolved with the Pension Commission in the next one week.
But he reiterated the refusal of the governemt to exempt the federal universities from the Treasury Single Account (TSA) system
Adamu gave an insight into the negotiation with the Academic Staff Union of Universities (ASUU) during a meeting with the Senate Committee on Tertiary Education and the Tertiary Education Fund (TETFUND).
The minister said the Ministry of Finance had promised to undertake a forensic audit of the N30billion allowance earlier released to the lecturers, bringing the total to N53billion.
Adamu said: “They (lecturers) asked for N23billion to be paid. But we said the condition for that N23billion to be released was for them to account for the N30billion they had taken, which is a total of N53billion. And they were not able to account for it.
“The Minister of Finance undertook to do the audit from the ministry. We agreed that the result will be known in six months. During the six months, government undertook to be paying them N1.5billion each month during the time they are waiting for this.”
The minister added that the Ministry of Finance had already approved the release of the funds but not yet cash backed.