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ExxonMobil: Ex-workers to Get N12 Million Each

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  • ExxonMobil: Ex-workers to Get N12 Million Each

Finally, the management of ExxonMobil and sacked Supernumerary (SPY) police officers have reached an agreement, according to the counsel to the aggrieved security workers, Femi Falana.

“We have been working on this payment and we are almost there,” legal luminary, Femi Falana said on Tuesday.

Each of the security workers is expected to get about N12 million each.

Earlier this year, ExxonMobil sacked 860 spy police, mostly Nigerians, without entitlements despite most of them serving the company for over 22 years.

The company had said the move was to cut cost amid a drop in revenues.

However, the workers accused the company of replacing them with expatriates that are far more expensive to maintain than the local workers.

In July, the ex-workers blocked the company headquarter to protest the injustice and demand their reinstatement.

“The cost of keeping one of the over 20 expatriate security personnel in Nigeria would pay one hundred of the Nigerian security personnel currently being repressed,” the Chairman of ExxonMobil Branch of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Mr Rasak Obe said. “This impunity has been raised with HR and Law since February 2018, but the company continues to ignore our advice.

Is the CEO and Founder of Investors King Limited. He is a seasoned foreign exchange research analyst and a published author on Yahoo Finance, Business Insider, Nasdaq, Entrepreneur.com, Investorplace, and other prominent platforms. With over two decades of experience in global financial markets, Olukoya is well-recognized in the industry.

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