Electricity workers move to scuttle liquidation of PHCN, bar liquidator from premises

News Express |25th Oct 2015 | 3,236
Electricity workers move to scuttle liquidation of PHCN, bar liquidator from premises

The Nigeria Union of Electricity Employees (NUEE) has urged the Federal Government to suspend the planned liquidation of the unbundled Power Holding Company of Nigeria (PHCN).

The General Secretary of the Union, Mr Joe Ajaero, told journalists during a protest at the headquarters of the PHCN in Abuja on Friday that the Federal Government is yet to pay all severance packages to the workers of the electricity company.

The protesting workers insisted that over 5,000 of their colleagues are yet to be paid by the government.

Mr Ajaero said: “How then can you be talking about liquidation when you are owing the workers? We also learnt that there was a liquidator, but we have never met him as stakeholders.

“Any liquidator should have been able to meet with the workers of the establishment before talking of liquidation because these are the people you are owing, whom you must settle before you liquidate.”

Ajearo said that the union also learnt that the liquidator was paid over 5 million naira for a period of six months that expired on October 18 and was supposed to take over between October 22 and 23.

“This is why we are protesting,” he said. “We are just sending a signal that any attempt to do it, we will resist it with force since we have not been settled.”

Ajaero urged the Federal Government to overhaul the entire privatisation process, noting that this had led to untold hardship on workers in the power sector.

“We want the Federal Government to pay us our entitlements and review the privatisation process because the Federal Government owns about 49% in the privatisation process along with the workers and the people that brought 51% have taken their 100 per cent share,” he added.

•Adapted from a Channels TV report. Photo shows Ajearo.

Comments

Post Comment

Monday, September 22, 2025 8:34 AM
ADVERTISEMENT

Follow us on

GOCOP Accredited Member

GOCOP Accredited member
logo

NEWS EXPRESS is Nigeria’s leading online newspaper. Published by Africa’s international award-winning journalist, Mr. Isaac Umunna, NEWS EXPRESS is Nigeria’s first truly professional online daily newspaper. It is published from Lagos, Nigeria’s economic and media hub, and has a provision for occasional special print editions. Thanks to our vast network of sources and dedicated team of professional journalists and contributors spread across Nigeria and overseas, NEWS EXPRESS has become synonymous with newsbreaks and exclusive stories from around the world.

Contact

Adetoun Close, Off College Road, Ogba, Ikeja, Lagos State.
+234(0)8098020976, 07013416146, 08066020976
info@newsexpressngr.com

Find us on

Facebook
Twitter

Copyright NewsExpress Nigeria 2025