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PENGASSAN Embarks On Strike

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The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) on Thursday said that there was no going back on its planned strike slated to have commenced by 12 a.m on Thursday.

Mr. Francis Johnson, the national President of PENGASSAN made the assertion in an interview with the News Agency of Nigeria (NAN) in Lagos.

He said that the issues had been pending for so long and that the government had not shown enough seriousness over the matters.

According to him, the government is trying to apply fire brigade approach to a serious matter.

“We have discussed this matter long enough for the government to address us but it closed its ears, now the authorities are calling for dialogue.

“We are ready to work with Mr President to succeed but other agencies involved in the discussion were not showing serious concern over the matter and we don’t have any choice than to proceed on strike,’’ he said.

Johnson said that the inability of the Federal Government to honour its agreements contained in May 12, 2016 Communiqué was the reason for calling for the strike.

He said that some of the issues included lingering irregular Joint Venture Funding and Cash Call Payment arrears, lack of a clear cut direction on the Petroleum Industry Bill (PIB).

Others are forceful co-option of government agencies into the Integrated Personnel Payroll Information System (IPPIS) and the spate of redundancy and retrenchment in the industry.

The PENGASSAN president said that several efforts to engage the government to forestall the strike were frustrated.

He said that before now, the union tried to engage the government on May 24, 2016, which was inconclusive.

He added that the engagement was later fixed for June 23, 2016, which did not take place and again for June 30, 2016 and which was unceremoniously cancelled with no date given.

“We see this as a deliberate attempt by the government to frustrate the discussion of the myriad of issues raised in the communiqué which are critical to the survival of the oil and gas industry in the country.

“Among the burning issues raised is that of the Joint Venture Funding/Cash Call arrears, which has stalled new investments and the creation of jobs and which has consequently brought about massive job losses.

“We have equally noted with great dismay that our tertiary institutions keep churning out graduates with no or very limited job placement opportunities,’’ Johnson said.

“Even for those that are fortunate to have jobs, it has been a tug-of-war getting their salaries paid as when due and are faced with redundancies on a regular basis, especially in the service sector.

“We cannot fold our hands and watch this gradual collapse of our strategic oil and gas industry and its attendant consequences on the nation’s economy.

“This is a sharp contrast to the present government avowed promised to create and retain jobs.’’

PENGASSAN has ordered its members to leave their duty posts in all oil installations and offices throughout Nigeria as from 12.01hrs on Thursday July 7, 2016.

 

Source: guardian.ng

EVENTS

Nigeria Selects “Mai Martaba” As International Feature Film (IFF) Contender For 2025 Oscars

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Mai Martaba as international feature film contender | fab.ng

The Nigerian Official Selection Committee has selected the epic Hausa film, Mai Martaba as its contender for the International Feature Film (IFF) category at the 97th Academy Awards. The Committee announced in an official statement that they selected the film to contend for the Oscars because of its theme and visual appeal.

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MUSIC

Don Jazzy Announces Tega Oghenejobo As The New President Of Mavin Records

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Tega Oghenejobo As The New President Of Mavin Records | fab.ng

On Tuesday, October 29, 2024, Michael Collins Ajereh, the visionary founder of Mavin (Records) Global, better known by his stage name Don Jazzy, announced a significant expansion within the company. He announced Tega Oghenejobo as the new president of Mavin Records.

Tega has been an integral part of Mavin’s journey. Now, his position as President has elevated his status in the company. In addition, he has been in the existing role of Chief Operating Officer (COO).

Don Jazzy expressed his admiration for Tega’s passion and resilience. He acknowledged his ability to spot these qualities in Tega from the early stages of their professional relationship.

He said,

I’m proud to announce @TEGAMAVIN expanded role as President and COO of Mavin. I am often praised for being able to spot and raise superstars, but I can proudly say the most genius thing I have done in my life was being able to spot the passion and resilience in Tega.”

“From the early days, I’ve watched him be curious about the business, build teams, develop executives, and ensure our talents have sustainable careers from the start. His commitment to growing Mavin and shaping the future of African music has been relentless, and I’m confident that with him in this role, we’ll continue to break new ground and achieve even bigger milestones for our artists and company,” he added.

Accepting the appointment gracefully, Tega Oghenejobo said,

“I’m honored to step into this new role as President & COO of Mavin Records. It means embracing new challenges, setting new goals, and reaching new heights. Thank you, Supreme Leader @donjazzy, for your unwavering belief and trust in me to lead the Mavin team.”

Check here for more updates.

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BUSINESS

Moniepoint Reaches African Unicorn Status With $110 Million Funding Boost

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Moniepoint reaches African unicorn status | fab.ng

Moniepoint Inc., a leading fintech company in Africa, has successfully raised $110 million in equity financing. This is to power the dreams of millions of businesses and their customers across the continent and the diaspora.

The Series C investment was led by Development Partners International’s African Development Partners (ADP) III fund. It is a premier fund focused on Africa.

Additionally, new investors joined the funding round. This includes a leading African private equity firm, Google’s Africa Investment Fund and Verod Capital. Existing investor, Lightrock, a global impact firm, also participated.

Tosin Eniolorunda and Felix Ike founded Moniepoint (formerly known as TeamApt) in 2015. Initially, it focused on providing infrastructure and payment solutions for banks and financial institutions. It has since grown into Nigeria’s leading business banking provider, trusted by millions of businesses.

The capital raised will be used to accelerate growth for Moniepoint across Africa.

Further, that entails building an all-in-one, seamlessly integrated platform for African businesses of all sizes. This platform will include services such as digital payments, banking, foreign exchange (FX), credit, and business management tools, making it a one-stop shop for business solutions.

Moniepoint’s exceptional contributions to Nigeria’s financial services sector have been widely acknowledged, along with its enviable track record of serving customers across Africa.

Each month, Moniepoint processes over 800 million transactions, with a monthly total value exceeding $17 billion, all while operating profitably.

Tosin Eniolorunda, Founder and Group CEO of Moniepoint Inc., expressed his excitement about the successful funding round and the company’s plans to expand its offerings and reach across the African continent.

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