Home > Breaking news > Ex-PHCN Workers Storm Ibadan, Demand Payment Of Benefits

Ex-PHCN Workers Storm Ibadan, Demand Payment Of Benefits

The Association of Former Staff of PHCN storm Ibadan, demands the payment of outstanding benefits of almost 50,000 disengaged staff of the defunct Power Holding Company of Nigeria [PHCN] since 31st October 2013.

PHCN was unbundled and discontinued as a Government parastatal effective 1st November, 2013. The Association said payment of outstanding benefits include short payment of severance and gratuity, 7.5 pension counterpart by the Federal Government of Nigeria, 10% Equity, post retirement training allowances, 16 months, including the Pension counterparts of both employees’ and the employer, insurance and others.

Furthermore, there is still an unresolved controversial 2% deduction from the severance package of all former staff of the defunct PHCN to the two in-house Unions in 2013.

‘Yinka Adeyemo who read the prepared text endorsed by the President of the Association, Mr Stanley Ilumah told journalists that many of their colleagues are dying daily after waiting for almost a decade, seven years to be precise without the settlement of their outstanding benefits but eagerly hoping on the Federal Government to urgently intervene to avert increasing record of deaths.

A committee setup by the Federal Government headed by a renowned Unionist, Pa Comrade Hassan Sunmonu referred to as “SUNMONU PANEL” to address labour agitation between the two in-house Unions of the Company representing the defunct PHCN workforce and BPE representing the Federal Government of Nigeria, unfortunately the Federal Government through her Agency [BPE] jettisoned the agreed payment templates by the Committee resulting to the under payment in contest. This has hitherto generated into untold hardships to the former staff who are soberly and passionately pleading to President Muhammadu Buhari to rescue them from penury and early grave.

It’s worthy to mention that the Association came into existence as a result of the insensitivity of the leadership of the two in-house Unions to the plight of the disengaged staff that are dying daily despite the deduction of 2% [#7.5b] from the severance package of all the disengaged staff for post privatisation struggle since 2013.

For the avoidance of doubt, it is on record that the BPE had attested to the fact that the disengaged staff of the defunct PHCN were owed the aforementioned outstanding benefits.

The impoverished looking former staff of the defunct PHCN are hereby appealing to the Commander in Chief of the Armed Forces of Federal Republic of Nigeria, President Muhammadu Buhari to please come to our rescue to put smiles on the faces of the traumatised disengaged staff of the defunct PHCN.

About Editor

Otunba Sayo Akintola is a 1992 graduate of Linguistics from the University of Ibadan, Oyo State. He holds a post-graduate diploma in Financial Management and MBA from Abubakar Tafawa Balewa University, Bauchi. He started his 12-year sojourn in journalism at the Nigerian Tribune in 1993 as Business and Economy reporter. He rose through the ranks to become the Group Business Editor of the nation’s oldest surviving private national newspaper, the Nigerian Tribune. He set up World Street Journal magazine in 2018.

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