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NNPC destroys 134 Illegal Refineries Recently

A destroyed refinery  By Favour Ifeoluwa & Akinola Ajibade  The Nigerian National Petroleum Company Limited( NNPCL) says it has destroyed 134 illegal refineries in the last few weeks.  Also, the company said  63 illegal pipeline connections were uncovered during the the weeks .  The corporation, In a visual report, stated that at about 2 am on Sunday, a joint team of security agents discovered a large wooden boat illicitly loading stolen crude oil from Barge AGS01 within the OML 18 operating area, noted intelligence report a large wooden wooden boat was caught receiving crude oil from the barge.  According to the state-owned oil firm, while the barge was towed away with a tugboat in custody, five speedboats used in towing the large wooden boat to the illegal loading site were also detained and the particulars of the tugboats and barge used for the operation were reportedly seized for further investigation.  It further said that two large boats, which involve
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Labour Shelves Strike, Gives CBN 14 days To Disburse More Cash



By Akinola Ajibade



The Nigeria Labour Congress (NLC) yesterday  (Tuesday) shelved the plans to embark on a nationwide strike over scarcity of cash,  a development, which is having undesirable consequences on many Nigerians.

The body, instead,has given both the Federal Government and Central Bank of Nigeria(CBN) a grace of two weeks to further monitor the level of compliance of cash disbursement through commercial banks. 

NLC and its affilate--Trade Union Congress ( TUC) had planned to start strike (Wednesday ( March 29th). However, they they  changed their plans after consultations with members, which advised against the decision in order not to further weaken the economy.

Speaking on the development, NLC President, Joe Ajaero said that there was a change in plans,  after a meeting with the members of its National Executive Council( NEC).

Recall that NLC  issued an ultimatum to go on strike beginning from Wednesday, nationwide, part of which included a plan to picket the various branches of the Central Bank of Nigeria.

Also,  TUC's President, Festus Osifo also corroborated Ajaero’s position, saying there was need to benchmark the government, not just concerning scarcity of cash but the challenges associated with fuel products and unending queues, including electricity tarrif.

 

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