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NNPC Reacts on Purported Plan to Terminate the Appointment of 500 Staff With Tempting Package
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NNPC Reacts on Purported Plan to Terminate the Appointment of 500 Staff With Tempting Package

by  Dave Ibemere 2 min read
  • The Nigerian National Petroleum Company Limited (NNPC) has reacted to the reports of plans to sack 500 staff with a juicy package
  • This is coming just two weeks after the official transition of NNPC to a commercialized oil company
  • The NNPC is said to have over 7000 workforce leaving many Nigerians concern about redundancy

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The Nigerian National Petroleum Company Limited (NNPC) has given its final take on reported plans to let over 500 staff leave.

The media reported that NNPC offered workers willing to exit the firm before their due retirement a "tempting" package to facilitate their leaving the company.

The tempting offer is reported to include writing off existing loans huge pay package, ThisDay reports.

NNPC 500 Staff sacking
Workers at an oil facility Credit: NNPC
Source: UGC

In reaction to the various media reports, NNPC, in a statement on Tuesday signed by Garba Deen Muhammad, Group Managing Director Public relations unit, said there was no plan to sack or force staff to early retirement.

Read also

NNPC Ltd reportedly terminates Appointments Of 500 Staff give conditions, deadline for them to leave

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The statement reads:

"NNPC limited has not, and it is not planning to lay off a single staff due to its recent transition to from the Nigerian National Petroleum Corporation(NNPC).
"The Petroleum Act(PIA) 2021 clearly states that no staff will lose their job or earn less than what they earn before the transition."

Unveiling of NNPC limited

The statement from NNPC public relations office reechoed what the Group Chief Executive Officer of the company, Mallam Mele Kyari, said at the unveiling of NNPC limited on July 19, 2022.

According to Kyari, NNPC does not have a bloated workforce.

"Today, the company's workers population is just 7000. I believe with the expansion; we have a line of sight; we will hire more people to work for us.
"The law has also provided that no one will leave this company. Therefore, everybody's work is preserved. Their benefits are preserved. So, no matter for concern for the workers of this company."

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ASUU Strike: Blackout looms as electricity workers issue fresh threat

President Buhari lists do and don'ts for NNPC.

Meanwhile, Legit.ng had earlier reported President Muhammadu Buhari had set a new target for that new NNPC.

In his speech at the unveiling, Buhari stated that the new NNPC has been repositioned for growth and must deliver.

The president also listed the dos and don'ts as he ushered in a new phase for the 44-year-old oil company.

Source: Legit.ng

Authors:
Dave Ibemere avatar

Dave Ibemere (Senior Business Editor) Dave Ibemere is a senior business editor at Legit.ng. He is a financial journalist with over a decade of experience in print and online media. He also holds a Master's degree from the University of Lagos. He is a member of the African Academy for Open-Source Investigation (AAOSI), the Nigerian Institute of Public Relations and other media think tank groups. He previously worked with The Guardian, BusinessDay, and headed the business desk at Ripples Nigeria. Email: dave.ibemere@corp.legit.ng.

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