NNPC Ltd: We’re NOT Planning To Sack Or Cut Staff Salaries

THE Nigerian National Petroleum Company Limited (NNPC Ltd) has debunked media reports that...

THE Nigerian National Petroleum Company Limited (NNPC Ltd) has debunked media reports that it has commenced retrenchment of its workers after transitioning to a commercially driven entity.

The Group General Manager, Group Public Affairs Department of the NNPC Ltd., Garba Deen Muhammad, said in a statement he issued today that there was no such move by the company.

“NNPC Limited has not, and is not planning to lay off a single staff member as a result of the transitioning of the Nigerian National Petroleum Corporation (NNPC) to NNPC Limited.

“The Petroleum Industry Act (PIA) 2021 is very clear that no staff will lose his/her job, or earn less than what they earn before the transition,” it added.

Before the statement was issued, there had been several media reports that the NNPC Ltd had offered a “tempting” package to workers willing to accept voluntary retirement.

The reports were contrary to the assurance given at the inauguration of the NNPC Ltd by its Group Chief Executive Officer of the NNPC Ltd, Mele Kyari, that none of the company’s 7,000 workers would be sacked, stressing that the Petroleum Industry Act (PIA) did not prescribe such a measure.

“We do not have a bloated workforce. Today, the company’s workers population is just 7,000. I believe that with the expansion, we have a line of sight. We are going to hire more people to work for us.

“The law has also provided that no one is going to leave this company. Everybody’s work is preserved. Their benefits are preserved. So, no matter for concern for the workers of this company,” Kyari had said.

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

RELATED ARTICLES

FG Lowers Entry Barriers In Latest Oil Round, 50 Blocks Up For Bidding

The Federal Government said it is lowering entry costs in the latest oil bid rounds

MRS to Sell Petrol at N839 per Litre as Dangote Refinery Increases Gantry Price to N799

The Dangote Refinery has increased the gantry price of Premium Motor Spirit (PMS) from N699

Seplat Records First Gas at 300mmscfd ANOH Processing Facility

Seplat Energy Plc has commenced gas supply from its ANOH Gas Processing Plant following the

TotalEnergies Signs SPA with Vaaris to Divest 10% Stake in Renaissance JV Assets

TotalEnergies has announced that its subsidiary, TotalEnergies EP Nigeria, has signed a Sale and Purchase

DisCos Billed Customers N255bn, Collected N210bn in October – NERC

Electricity distribution companies across the country billed customers a total of N255.19bn for power supplied

Eterna Plc Opens N21.52b Rights Issue to Fund Expansion

Eterna Plc has officially opened its N21.52 billion Rights Issue, as the integrated energy company

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.

This Pop-up Is Included in the Theme
Best Choice for Creatives

Purchase Now

TLD Newsletter

Get the latest legal news, key cases, top lawyers, and expert analysis for your legal journey.