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Desperate anxieties over 2007

LogoDaily Independent Online.         * Tuesday, August 24, 2004.

Sacked workers ask BPE to halt bid for Osogbo Steel plant

By ’Gbenga Faturoti,

Special Correspondent, Osogbo

 

The 66-sacked workers of the Federal Government-owned Osogbo Steel Rolling Company (OSRC) have asked the Bureau of Public Enterprises (BPE) to stop the bidding of the mill slated for Thursday in Abuja.

Appointments of the affected workers were terminated five years ago by the company’s management, prompting the staff to institute court action against the management.

In a letter addressed to the Director- General of BPE, Dr. Julius Bala and copied to the presidency and the National Council of Privatisation by their counsel, Mr. Lekan Alabi, the workers told the bureau to take cognizance of the court ruling on that case.

Alabi explained that the workers had sued the company and the minister of Power and Steel to court to challenge the termination of their employment and the Federal High Court in Osogbo gave ruling in their favour.

Subsequently, he said the OSRC management had refused to honour the court judgment and sought for an appellant court’s intervention on the case.

Attaching all the relevant documents to the letter, Alabi urged the BPE to handle the privatisation exercise with all caution. “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 appeal,” he said.

He further said, “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 runs into 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 move importantly, the on-going appeal on the matter,” he said.

Oodua Group of Companies, it was learnt, was one of the interested firms bidding for the ailing mill.

 

 

 
 

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