Yunus Abdulhamid
10 October 2008
NUPENG and PENGASSAN yesterday in Abuja gave the federal government a14-day ultimatum to suspend the proposed sale of PPMC and Nigeria Gas Company (NGC).
Recent media reports had suggested that the Bureau for Public Enterprises (BPE) was planning to sell the two subsidiaries of the Nigeria National Petroleum Corporation (NNPC).
Mr John Elibe, Group Chairman, PENGASSAN, told newsmen that in case government failed to suspend the sale, "the joint councils (NUPENG) shall be compelled to take necessary industrial action".
The unions also demanded the immediate reversal of the sale of Eleme Petrochemical Company.
In the wake of fears expre-ssed by trade unions over the sale of the company, the priva-tization agency (BPE) had issued a statement on Tuesday denying plans to sell it.
The statement which was signed by Chigbo Anichebe read in part; "What was released after the last meeting of NCP was a draft work plan for all outstanding privati-zation, commercialization and restructuring of public enterprises listed in the Public Enterprises (Privatization and Commercialization) Act. The work plan for over 105 public enterprises was for the next three years. The work plan does not contain any immediate or short term plan for the divestment of FGN's interest in public enterprises in the Oil and Gas sector. There is nothing in the work plan for further divestment of shares of EPCL other than to workers and the host community."
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