Home Exclusive NNPC Shut Down As NUPENG, PENGASSAN Protest Unbundling

NNPC Shut Down As NUPENG, PENGASSAN Protest Unbundling

by Our Reporter

Offices of the Nigerian National Petroleum Corporation (NNPC) have been
shut nationwide, according to reports as workers of the state owned oil
company embark on strike.

There was no prior warning about the strike said to have been ordered by
the two oil unions, NUPENG and PENGASSAN.

Workers reported for duty at the headquarters in Abuja today, only to find
their offices under lock and key.

The unions are said to be protesting against the unbundling of the
corporation ordered by President Muhammadu Buhari on Tuesday.

An inside source told PM News that NNPC has not really been unbundled
technically and legally, as the Act setting up the 39-year old
organisation will need to be amended.

“As it is, NNPC remains, nothing has really changed”, said a source.

The re-organisation of NNPC was announced on Tuesday by Emmanuel Ibe
Kachikwu, minister of state and group managing director of the NNPC.

The new units are Upstream, Downstream, Gas & Power, Refineries, Ventures,
Corporate Planning & Services and Finance & Accounts. They will run
independently.

With the announcement of this new policy road map, the realigned NNPC
comprises of five business-focused and two service driven units.

The chief executives of the new units are: Bello Rabiu (Upstream); Sa’idu
Mohammed (Gas and Power); (Anibor Kragha) Refining; Henry Ikem-Obih
(Downstream); Dr. Babatunde Victor Adeniran (Ventures).

Others are Isiaka Abdulrazaq (Finance & Accounts) and Isa Inuwa (Corporate
Planning & Services).

The new NNPC design is based on ‘FACT’ organisation which is Focused,
Accountable, Competitive and Transparent.

According to NNPC, “the organizational realignment is not about staff
layoffs, but about placing the right people in the right places to do the
right thing”.

You may also like