The union said the warning strike has become inevitable because all options used in agitating for the welfare of its sacked members.

Chairman of NUPENG South-West chapter Tokunbo Korudo told News agency of Nigeria in Lagos on Monday 19th, that all efforts to seek federal government’s intervention against activities of the International Oil Companies against its members has been futile.

Korudo said: “We are not gaining anything by going on strike because it is not a joyful thing but as a union, we have to protect and fight for the welfare of our members.”

“We have sensitized the public and also seek the intervention of the Federal Government on the anti-labour activities of the IOCs against our members but we are not getting results,” Korudo said.

He added that members of NUPENG have worked diligently but are yet to receive dividends of their hard work from their respective employers.

“Our members that put in their best within the time they worked were not paid their severance packages by their employers after they sacked them. This is a big slap and it will not be allowed.

“What they are practicing here in Nigeria, they cannot practise in their countries; so, that is why we say enough is enough,”.

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TVC E, BUSINESS – The Federal Government is targeting an additional N66.1 billion revenue this year from  stamp duty of N50 on bank customers for money received into their accounts.

The Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, said the government is exploring opportunities to shore up revenue shortfall to Federation Account.

Under the non-oil revenue section, the 2016, 2017, 2018 Medium Term Expenditure Framework and Fiscal Strategy Paper was captured in the 2016 Budget.

It also projects that the revenue would grow to N71.8 billion in 2017 and to N78.5billion in 2018.

Emefiele said that the Federal Government was exploring opportunities in the banking sector as part of efforts to boost its revenue base through taxes and rates.

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