The management of the Kaduna Electricity Distribution PLC has terminated the employment of 39 individuals for breaching the company’s employee policy through various offences.
The development was confirmed in a statement released on Monday, November 6, by the Head of Corporate Communication, Abdulazeez Abdullahi.
These offences encompassed misusing company funds, engaging in fraudulent activities, unauthorized access, and absconding, Vox9ja learnt.
The statement said: “These offences violated the recently endorsed revised employee conditions of service, which was supported by the national leadership of the two in-house labour unions and the management led by the Managing Director/CEO, Yusuf Usman Yahaya.”
The statement further explained that the actions of the dismissed staff had adverse effects on the company’s financial well-being and needed to be addressed.
It additionally cautioned customers against conducting any business dealings with deceitful individuals seeking to undermine the company, as this could hinder its capacity to fulfil its obligations to the electricity market.
Meanwhile, the spokesperson of the Nigerian National Petroleum Company Limited (NNPC Ltd), Olufemi Soneye, has revealed that the Federation owes the Company a substantial N4.207 trillion.
In a statement issued in Abuja, Soneye, NNPC’s Chief Corporate Communications Officer, also revealed that the national oil company, in turn, owed the Federation an amount of N2.852 trillion in unremitted revenue, resulting in a net balance of N1.355 trillion in favour of NNPC.
Soneye further affirmed NNPC’s commitment to collaborate with the Nigeria Extractive Industries Transparency Initiative (NEITI) and other relevant stakeholders within the Reconciliation Committee, established by President Bola Ahmed Tinubu.
This committee aims to investigate, review, and reconcile the financial records related to the alleged indebtedness of both NNPC Ltd. and the Federation Accounts Allocation Committee (FAAC) to the Federation.
The clarification was prompted by calls from a non-governmental organization for an inquiry into multiple debts purportedly owed to the Federation by the Company.
Soneye emphasized that these claims were unsubstantiated, particularly in light of NEITI’s dismissal of many allegations in its 2021 report following extensive discussions with NNPC Ltd.
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He further explained that during President Bola Ahmed Tinubu’s administration, NNPC had been mandated to sell Premium Motor Spirit (petrol) at one-third of its value upon importation into the country. This decision led to a substantial monthly subsidy bill of approximately N400 billion, which strained the Company’s revenues and finances.
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