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NNPC Set to Sack 500 Staff

Nigeria National Petroleum Company (NNPC) Limited, has hinted at letting go of about 500 staff due to its current status.

Those affected were given a deadline of the first week of August to leave with a payout package or remain employed with NNPC and risk getting the sack at any time.

This information was passed to the affected staff who are ordinarily billed to retire by 2022, 2023, and 2024 through their emails.

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Some management staff members though have kicked against it, especially those in the cadre of general managers and group general managers.

According to sources, the group Managing Director and Chief Executive of the company, Mele Kyari said at a staff meeting recently that affected staff members “may accept the package or reject it, but you are advised to take it.”

Other members like the general managers and group general managers that are against retirement allegedly wanted to complete their official tenures, and retire when they attain 60 years of age.

Business Standard reports that Sources said no one would be forced out of the system if they fail to take the advantage of the severance package but they may have themselves to blame afterwards.

Meanwhile, a portal is said to have been opened online with points to click, one for acceptance of the severance exercise and the other for the rejection of the letter, whichever way any of the affected officials choose, by the first week of August, the portal would be closed.

Aside from the juicy offer for those affected, they would also be entitled to 50 percent of their salaries until the time they are naturally expected to serve out their tenure in the company.

Some agreed that the action of the company is not punitive and wishes they are part of the exercise which also has seen the company offering to also write off advances to any of the affected staff.

The Nigerian National Petroleum Corporation (NNPC) transitioned to a commercial venture, NNPC Limited, on Tuesday, 19 July 2022.

It is hoped the transition would bring with it a whole new set of operational efficiency and competency to NNPC.

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