Severed workers of the Power Holding Company of Nigeria (PHCN), are protesting ongoing plans to liquidate the companys assets amidst pending labour issues including outstanding severance benefits of nearly 5,000 workers.
The protest was led by the Chairman of the FCT Council of Electricity Employees, Mr Wisdom Nwachukwu on Monday.
The workers demanded that Federal Government put the liquidation on hold and investigate the rushed process by the Bureau of Public Enterprises and the engagement of a law firm, J.K Gadzama as liquidator, contrary to the provisions of the law on assets liquidation.
They said that 10% equity and 7.5% RSA owed over 50,000 workers by the Federal Government, 16 months outstanding benefits and other outsta…
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