Oil & Energy
408 Retirees Of Defunct PHCN Get Entitlements
No fewer than 408 retirees of the defunct Power Holding Company of Nigeria (PHCN) have started receiving their entitlements.
The payment started after the active retirees or their next of kins have been computed and verified by the Office of the Accountant General of the Federation (OAGF).
The Director General of Bureau of Public Enterprises (BPE), Mr Alex Okoh, said the sum of N1, 053,402,476.03 had been released for the payment.
Okoh expressed delight that following the approval of the National Council on Privatisation (NCP), chaired by Vice President Yemi Osinbajo, the implementation is leading to the resolution of “this outstanding labour issue in the power sector privatisation”.
He said the current milestone in the resolution and settlement of the outstanding labour liabilities became possible after the Bureau intervened.
He said BPE constituted a Technical Working Group (TWG) comprising the OAGF, PENCOM, NELMCO, NUEE, SSAEAC and NUP which worked assiduously culminating in a meeting between the DG of BPE and the OAGF on August 1, 2018 to finalise the payment process.
It would be recalled that prior to now, the BPE, through the OAGF, had paid 47,041 out of the 47,913 active staff of the defunct PHCN in 35 batches and 2,962 out of the 4,423 retirement and death benefits to the beneficiaries in 14 batches.
This is in line with the mandate of the BPE to ensure that labour issues in privatisation are adequately addressed and resolved.
However, given the fact that not all the active staff and retirees/NOKs of the defunct PHCN were verified, the NCP at its meeting of April 16, 2015, directed the Bureau to continue with the process of verification and payment of outstanding cases until a final resolution was achieved.
Following the NCP directive and approval, the Bureau conducted the final verification for staff and retirees/NOKs of the defunct PHCN in six geo-political centres from October 3rd -14th, 2016, resulting in the 408 beneficiaries who are now being paid.
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Dangote Refinery Resumes Gantry Self-Collection Sales, Tuesday
This is revealed in an email communication from the Group Commercial Operations Department of the company, and obtained by Newsmen, at the Weekend.
The company explained that while gantry access is being reinstated, the free delivery service remains operational, with marketers encouraged to continue registering their outlets for direct supply at no additional cost.
The statement said “in reference to the earlier email communication on the suspension of the PMS self-collection gantry sales, please note that we will be resuming the self-collection gantry sales on the 23rd of September, 2025”.
Dangote Petroleum Refinery also apologised to its partners for any inconvenience the suspension may have caused, while assuring stakeholders of its commitment to improving efficiency and ensuring seamless supply.
“Meanwhile, please be informed that we are aggressively delivering on the free delivery scheme, and it is still open for registration. We encourage you to register your stations and pay for the product to be delivered directly to you for free. We sincerely apologise for any inconvenience this may cause and appreciate your understanding,” it added.
It would be recalled that in September 18, 2025, Dangote refinery had suspended gantry-based self-collection of petroleum products at its depot. The move was designed to accelerate the adoption of its Free Delivery Scheme, which guarantees direct shipments of petroleum products to registered retail outlets across Nigeria.
The refinery stressed that the earlier decision was an operational adjustment aimed at streamlining efficiency in the downstream supply chain.
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