‘Unbundling of NNPC is illegal’ | Senate to wade into crisis

NNPC workers shut out of their offices | Photo: The Cable

The Nigerian Senate will probe the decision of President Muhammadu Buhari to unbundle/reorganise the Nigerian National Petroleum Corporation (NNPC).

The Minister of state for petroleum resources, Ibe Kachikwu had on Tuesday, announced the unbundling of the NNPC through the creation of seven independent divisions and 20 subsidiaries.

To this effect, Senate Chief Whip, Senator Olusola Adeyeye on Wednesday, raised a point of order on the floor of the Senate.

He described the exercise as illegal, noting that the federal government did not consult the National Assembly to repeal the enabling law that set up the organisation, before breaking it into different components.

Senator Adeyeye is expected to formally present a motion on Thursday, during when there would be extensive debate at the plenary.

Oil workers had earlier on Wednesday, reacted to the changes in the NNPC by embarking on a total strike and have also shut down the nationwide operations of the national oil company.

This development has already resulted in fuel queues across the country and chronic fuel scarcity.

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