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New investors take over electricity firms

05 November 2013, 10:37

Lagos - Activities at Eko and Ikeja Electricity Distribution companies in Lagos were low key on Monday as the new management of 'Eko Disco' started activities with a meeting with the management of the defunct PHCN.

A correspondent of the News Agency of Nigeria (NAN), who monitored the situation in Lagos, reports that workers were seen loitering around the complex in anticipation of getting briefs from the new management.

NAN gathered that management of the West Power and Gas Ltd., which assumed duty at about 12.40 pm,. was said

to be at a meeting in the boardroom with some key management of the defunct PHCN.

Some workers, who preferred anonymity, told NAN that some workers were waiting to receive their letters, adding that the Ministry of Power had sent in letters of disengagement and engagement of some workers.

They said that about 60 per cent of the workforce had been pencilled down for sack, while 40 per cent would be retained by the new investors.

According to them,  the affected workers are expected to receive their letters today, November 4, but the union has instructed them not to give disengagement letters until all workers are paid.

"Letters have been dispatched to the power companies across the country for onward circulation to the workers.

"One of the letters is disengagement letter, while the second one is a temporary re-appointment letter,’’ they said.

They confirmed that those re-employed  to stay on had been collecting their letters secretly.

However, Abiodun Ajifowobaje, the Chief Executive Officer of defunct Ikeja Electricity Distribution Company,  told NAN that "we are still expecting the new owners because we are supposed to have a meeting with them today''.

NAN reports that the Federal Government handed over the distribution and generating companies to the new owners across the country on Friday.

-  NAN


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