Agip employees protest Oando’s purchase of their company

They requested that the transaction be stopped and appealed to the National Assembly, the Federal Executive Council, and regulatory organisations.

In order to stop Oando Plc from acquiring the company’s facilities, employees of the Nigerian Agip Oil Company held a demonstration in Port Harcourt, Rivers State.

The employees, who barred visitors from entering the Agip offices in Port Harcourt, appealed to the Federal Executive Council, the National Assembly, and regulatory organisations to put a stop to the deal.

Eyong Survival, the organiser of the demonstration and the chairman of the company’s PENGASSAN chapter, claimed that the acquisition process violates established labour laws and, if allowed to proceed, will result in the dismissal of over 3,000 employees.

According to Mr. Survival, the oil mining leases in the states of Rivers, Bayelsa, Delta, and Imo are the affected facilities in the purchase process.

The personnel in all of Agip’s facilities has reportedly stopped providing services while they wait for convincing justification from the business and stakeholders.

The labour leader pointed out that the withdrawal’s effects are already being felt because gas has been cut off to towns and key infrastructure.

The deal must be completed, he said, and the personnel must receive special severance payments. Those who are eligible to be transferred to the new owner must also be able to do so without problem.

Oando Plc has released a statement announcing that it had concluded a deal with ENI to buy all of Nigerian Agip Oil Company’s shares in the business.

However, the ministerial as well as other current regulatory clearances must still approve this deal.