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- Dana air crash update: 23 aircrash victims’ families yet to receive compensation
- Mimiko inaugurates new Mother & Child hospital today
- N4.56b pension scam: Female accused hospitalised,trial stalled
- Construction workers hail FG’s decision on Lagos-Ibadan expressway
- Senate adjourns plenary for 1 week, dissolves to Appropriation committee.
- Blackout looms as Egbin power plant breaks down
- FMBN, NEXIM, BOA, IB lose N47bn in 6 months - CBN
- FirstBank wins Nigerian Bank of the Year award
- PDP tackles ACN over Tukur’s comments
- Electricity workers threaten strike over Wamakko
- ‘NDIC prosecuted 55 directors, staff of micro finance banks in 2011’
- Judgment in Oni’s appeal stalled, re-fixed for Jan 8
- Slain banker: Deceased had only 3 wounds -Accused’s father
- Appointments: S/West not marginalised —FCC
PHCN operating illegal pension scheme - Nnaji, Koripamo-Agary
MINISTER of Power, Professor Barth Nnaji and the Federal Govern-ment’s chief negotiator in the Power Holding Company of Nigeria (PHCN),/labour crisis, Dr Timiebi Koripamo-Agary, on Thursday, said the PHCN and the trade unions have been operating illegal pension scheme since 2007, in disregard to the Pension Reform Act 2004.
Speaking at a media forum in Lagos, they insisted that the government would not allow the lawlessness to continue, as President Goodluck Jonathan had also directed that the law of the country must be followed, because Nigeria is a nation governed by rules of law.
Professor Nnaji, who spoke on the efforts by the government to ensure effective power supply, through the privati-sation agenda and the ongoing reform process, said the privatisation must be concluded while the reforms must go on.
He, however, pointed out that the only obstacle to the reform process in the power sector was the labour movement, regretting that for 14 months, government had been negotiating with labour with no tangible progress recorded.
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written by REALITY, August 17, 2012
written by Kingsley Agbontaen, August 17, 2012
More Headlines
- ‘ Cases of rape rise to 84% in Nigeria’
- Dana air crash update: 23 aircrash victims’ families yet to receive compensation
- Mimiko inaugurates new Mother & Child hospital today
- N4.56b pension scam: Female accused hospitalised,trial stalled
- Construction workers hail FG’s decision on Lagos-Ibadan expressway
- Senate adjourns plenary for 1 week, dissolves to Appropriation committee.
- Blackout looms as Egbin power plant breaks down
- FMBN, NEXIM, BOA, IB lose N47bn in 6 months - CBN
- FirstBank wins Nigerian Bank of the Year award
- PDP tackles ACN over Tukur’s comments
- Electricity workers threaten strike over Wamakko
- ‘NDIC prosecuted 55 directors, staff of micro finance banks in 2011’
- Judgment in Oni’s appeal stalled, re-fixed for Jan 8
- Slain banker: Deceased had only 3 wounds -Accused’s father
- Appointments: S/West not marginalised —FCC


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