Oil Theft: Union Gives FG 60-Day Ultimatum

Oil Theft: Union Gives FG 60-Day Ultimatum

Oil Theft: Union Gives FG 60-Day Ultimatum

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) have issued a 60-day ultimatum to the Federal Government to ensure security for all oil and gas installations, especially product pipelines in the country.

The oil and gas workers gave the ultimatum after considering the massive loss of investments, income and jobs as a result of crude oil theft in the country.

The two unions after their Joint National Executive Council meeting in Abuja on Thursday, said, "In view of the obvious looming danger to the survival of the oil and gas industry, and by extension, the nation's economy, which has become so endemic, and with high sense of responsibility and patriotism, we have resolved to issue the Federal Government of Nigeria a 60-day ultimatum to effectively and holistically address and find a lasting solution to this massive crude oil theft debacle."

The presidents of PENGASSAN and NUPENG, Mr. Babatunde Ogun and Mr. Igwe Achese, respectively, condemned the helplessness of the Federal Government in combating the huge level of crude oil theft.

Mr. Achese noted that crude theft had reduced oil production of almost all the multinationals by more than 60 per cent, leading to shortages, shut in, high cost of operation, and threats to the jobs of members of the unions and discouragement to investors.

He alleged that there was high level collaboration among the security agencies, politicians and highly placed Nigerians in crude oil theft racket.

However the the planned seven-day strike has been called because some issues had been resolved with the government.

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