BNW

B N W: Biafra Nigeria World News

Home |   About Us |   Contact Us |   Members |   Search |   Subscribe |   Disclaimer |   THE GUARDIAN CONSCIENCE, NURTURED BY TRUTH LAGOS, NIGERIA.     Tuesday, August 24 2004   news   editorial/opinion   policy & politics   business   sports   appointments   compulife   metro   arts   law   capital market   Guardian Chat Click to join the chatroom Sacked workers threaten bid for sale of Osogbo steel firm From Seun Adeoye, Osogbo PROMPTED by an order of the Appeal Court in Ibadan restraining the Federal Government from embarking on the privatisation of Osogbo Steel Rolling Company (OSRC), its sacked workers have asked the Bureau of Public Enterprises (BPE) to stop the bidding for the mill slated for Thursday in Abuja. The 66 workers whose appointments were terminated five years ago by the company's management had gone to court seeking its intervention in their case. In a letter addressed to Dr. Julius Bala, the director general, BPE and copied to the Presidency and the National Council on Privatisation by their counsel, Lekan Alabi, the workers brought to the bureau's attention the orders of the court of appeal. Alabi explained that the workers had taken the company and the minister of Power and Steel to court to challenge the termination of their appointment and that the Federal High Court in Osogbo ruled in their favour. He said the OSRC management sought the intervention of an Appeal Court on the case. "We would like to inform your good office that there is an application for injunction restraining the appellants from any privatisation scheme process in respect of OSRC pending the hearing and determination of the said appeal", he said. Attaching all the relevant documents to his letter, Alabi called on the bureau to handle the privatisation with all caution. His words: "This letter becomes imperative to avail you of the opportunity to know the status of the OSRC in relation to the judgment debt on it, which is over N100 million in unpaid salaries and other emoluments. "This information is very vital to your bureau and prospective buyers in ascertaining the assets and liabilities of the OSRC if or when it is to be privatised and more importantly, the on-going appeal on the matter". The Guardian learnt that Oodua Group of Companies was one of the interested parties bidding for the mill. � 2003 - 2004 @ Guardian Newspapers Limited (All Rights Reserved).  Powered by dnetsystems.net dnet�

	BNW News
Voice of Biafra | Biafra World | Biafra Online | Biafra Web | MASSOB | Biafra Forum | BLM | Biafra Consortium
	© 2001 BNW BiafraNigeriaWorld  Privacy Policy ---------------------------------------------------------------------------------- Powered by ACENetwork ----------------------------------------------------------------------------------
	Axiom PSI Yam Festival Series, Iri Ji Nd'Igbo the Kola-Nut Series,Nigeria Masterweb