Business

Trade Union Congress Sacks 25 Officers across States, citing “flagrant disobedience”

Published

5 months ago

June 1, 2026

OCHEFA

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The national leadership of the Trade Union Congress of Nigeria (TUC) have sacked 25 members among key officers across Lagos, Rivers, Enugu, and Bayelsa state.

The expulsion followed an emergency NEC meeting in Lagos, where the members adopted the recommendations of a disciplinary committee set up to investigate alleged acts of disobedience and misconduct by some officers and affiliates.

In a communiqué jointly signed by TUC President, Festus Osifo, and Secretary-General, Nuhu Toro, the NEC announced the expulsion of 11 members from Lagos, Rivers, Enugu, and Bayelsa state councils.

Among those expelled from the Lagos State Council are Abiodun Aladetan of the Association of Senior Civil Servants of Nigeria, ASCSN, Gbolahan Kabiawu of the National Union of Allied Health Professionals NUAHP, Veronica Egbukichi of ATSSSAN, and Salau Oladele of SSAUSCGOC.

Others affected by the NEC decision include members from Rivers, Enugu, and Bayelsa State councils, while 14 officers were suspended for a period of two years.

The communiqué stated that the disciplinary committee was mandated to review cases of “flagrant disobedience” of NEC resolutions and to recommend sanctions where necessary after granting fair hearing to affected individuals.

Following the expulsion, the NEC directed that all expelled persons should cease immediately from acting in any capacity on behalf of the TUC, including participation in meetings, negotiations, elections, public engagements, and media appearances.
The NEC further barred the affected persons from using TUC’s name, insignia, documents, financial instruments, and other official properties, warning institutions and the public against dealing with them as representatives of the union.

The NEC maintained that discipline remained indispensable to the survival and integrity of the Congress.
“The strength of TUC depends on the willingness of all officers, members and affiliates to respect its Constitution, obey the decisions of its organs and place the institution above individual considerations,” the communiqué stated.

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NNPCL wants to sell 10% equity via IPO on NGX, LSE

NNPC is expected to spend at least the whole of 2027 preparing for the proposed offering, with the listing primarily intended to strengthen corporate transparency and governance in line with Nigerian law.

Published

3 days ago

November 4, 2026

OCHEFA

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The Nigerian National Petroleum Company Limited (NNPC Ltd.) is considering selling between 5% and 10% of its equity through a potential initial public offering (IPO), with the proposed listing expected to focus primarily on Nigeria’s domestic capital market.

The Group Chief Executive Officer of NNPC Ltd., Bashir Bayo Ojulari, disclosed this in an interview with Reuters on Tuesday, November 3, 2026, adding that the company could also pursue a secondary listing in London or New York.

The disclosure comes shortly after the Dangote Petroleum Refinery’s IPO closed on October 27, following a two-week extension of its subscription period from the initial October 13 deadline.

Ojulari indicated that raising additional capital would be a secondary consideration rather than the main reason for going public.

The company is also considering listing some of its subsidiaries separately, following a model adopted by Abu Dhabi National Oil Company (ADNOC), the United Arab Emirates’ state-owned oil company.

Beyond the potential IPO, Ojulari disclosed that Chinese companies have expressed interest in acquiring equity stakes in some of NNPC’s smaller refineries, particularly the Port Harcourt and Warri facilities, which require substantial rehabilitation.