There Is No $25bn NNPC Contracts Anywhere, Says Presidency

The Nigerian National Petroleum Corporation (NNPC) has warned petroleum marketers against hoarding petroleum products.

A statement from the Group General Manager of Public Affairs, Mr Ndu Ughamadu on Thursday stated that there are enough products to cater for the needs of Nigerians.

The statement read in part: “The Nigerian National Petroleum Corporation (NNPC) has assured motorists and other petroleum products consumers not to engage in panic buying.

“NNPC wishes to state that relevant government agencies are in consultation with industry unions to arrive at an amicable resolution of issues over which there are threats of industrial action.”

While vowing to deal with any marketer who hoards products, the corporation noted that law enforcement agencies in collaboration with the industry regulators have been mapping out strategies in handling the issue.

This is coming few hours after into the planned strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN).

The industrial action, declared by the union last week, is to begin from 11:59 pm today (Monday).

The union’s action follows the expiration of an ultimatum it gave to the Federal Government to address issues which they consider detrimental to the welfare of their members.

In a statement last week, PENGASSAN ordered the shutting down of all oil and gas installations, resulting in the disruptions to fuel supply and distribution across the country.

PENGASSAN giving reasons for the strike action alleged anti-labour practices against some of its members by indigenous oil companies.

Other reasons include the alleged sack of workers by one of the oil companies due to their involvement in union activities and non-remittance of workers’ taxes to the PFAs by the same company.

 

 

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The Nigerian National Petroleum Corporation (NNPC) has warned petroleum marketers against hoarding petroleum products. A statement from the Group General Manager of Public Affairs, Mr Ndu Ughamadu on Thursday stated that there are enough products to cater for the needs of Nigerians. The statement read in part: “The Nigerian National Petroleum...