Report: NNPC Ltd reportedly Terminates Appointments of 500 Staff 

Tension is said to have gripped staff of the Nigerian National Petroleum Company Limited (NNPC) after 500 were reportedly sacked. 

According to BusinessDay standards, those affected have already received a letter terminating their appointments. 

The affected staff are mostly ones set to retire in 2022, 2023, and 2024. 

A letter sent via email contains a ‘mouth-watering’ pay package which also includes an offer to write off loans any affected staff is paying. 

Those affected are entitled to 50 per cent of their salaries until they are expected to serve out their tenure. However, some of the management members of NNPC limited affected have kicked against it, especially some general managers and group general managers. 

The group managing director and chief executive of NNPC limited, Mele Kyari, recently said at a town meeting with the staff that “you may accept the package or reject it, but you are advised to take it.” 

The affected officials have up to the first week of August to decide. Otherwise, the company may take necessary actions to relieve them of their jobs, and the severance package may elude those who refuse to go.

The general managers and group general managers said to be agitating are alleged to be saying that they want to complete their official tenures, that is, they want to retire when they are 60.