Tension, Anxiety High As NNPC  Terminates Appointments Of 500 Staff


… offered them juicy severance Packages

…all group executive directors, except one, to go

Tension and anxiety are high at the newly commercialized Nigeria National Petroleum Company (NNPC) Limited over the termination of 500 staff of the company. Those affected are offered juicy severance packages to appease them.

However, some of the management members of the company affected have kicked against it, especially some of the general managers and group general managers.

The affected 500 staff of the company were reached through their email addresses telling them that the company no longer need their services and that a mouth-watering severance package has been put in place for them. The affected officials have up till the first week of August to decide otherwise the company may take actions deemed necessary to relieve them of their jobs and the severance package may elude those that refused to go.

Those affected are billed to retire by the years 22, 23, and 24.

The group managing director and chief executive of the company, Mele Kyari was alleged to have said at a town meeting with the staff recently that “you may accept the package or reject it, but you are advised to take it.”

Those general managers and group general managers said to be agitating are alleged to be saying that they want to complete their official tenures, that is, they want to retire when they are 60 years of age. But sources in the company told Business Standards that while no one may be forced out of the system if they fail to take the advantage of the severance package they may have themselves to blame afterward.

A portal is said to have been opened online with points to click, one for acceptance of the severance exercise and the other for the rejection of the letter, whichever way any of the affected officials choose, by the first week of August, the portal would be closed.

Aside from the juicy package for those affected, they would also be entitled to 50 percent of their salaries until the time they are naturally expected to serve out their tenure in the company.

Some of the staff that spoke with  Business Standards said the action of the company is not punitive and wishes they are  part of the exercise, the company has also offered to write off  loans any of the affected staff is  paying

The Nigerian National Petroleum Corporation (NNPC) transitioned to a commercial venture, NNPC Limited, on Tuesday, 19 July 2022. It is hoped that this transition would bring with it a whole new set of operational efficiency and competency to NNPC Limited.

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