*Begs oil majors not to sack workers
ABUJA—The Presidency has directed an oil firm to remit to the account
of Nigerian Petroleum Development Company, NPDC, unremitted funds
amounting to N81.6 billion ($408m).
![THE GROUP MANAGING DIRECTOR NIGERIAN NATIONAL PETROLEUM COMPANY [NNPC] DR EMMANUEL IBE KACHIKWU WITH JOURNALISTS DURING HIS WORKING VISIT TO KADUNA REFINERY ON WEDNESDAY. PHOTO:OLU AJAYI.](https://lh3.googleusercontent.com/blogger_img_proxy/AEn0k_vXmjMdjy3MZxdBi3fDPR9KMjVcFja3wicWxKXfOAnnPq7PaFgK-Np3at1DZBYgQ2RfTBkK61nPdv8P9pFNXbrWz5lwU65ISfy7qtZNIlL1eEbeOZwnyD4sF_pWLHrZoXz-FbRtkKPHPjKRirinb97kTG9sSg=s0-d) |
| *EMMANUEL IBE KACHIKWU. |
This came on a day the Federal Government called on operators in the
oil sector to shelve plans to lay off workers to avoid throwing the
nation into a huge social upheaval.
Oil companies had concluded plans to reduce their workforce, due to
falling oil prices in the international market which had impacted their
operations.On unremitted revenue, the Presidency’s instruction, it was
learned, came against the backdrop of revelations by the chairman of the
firm at the Economic and Financial Crimes Commission, EFCC, that the
company only remitted parts of what it derived from revenue from four
oil blocs.
