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Crisis Looms at Ikeja Electric as Sahara Group Mismanagement Triggers Mass Layof - Politics - Nairaland

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Crisis Looms at Ikeja Electric as Sahara Group Mismanagement Triggers Mass Layof by IkennaOkongwu(op):
The National Union of Electricity Employees (NUEE) has strongly condemned the recent termination of over fifty (50) staff members of Ikeja Electric Plc, describing the action as unacceptable, insensitive, and unjustifiable.

In a protest letter addressed to the Managing Director/CEO of Ikeja Electric, the union rejected the mass sack, which the company claimed was based on “non-performance.” NUEE stated that the terminations were carried out despite glaring systemic challenges that hinder staff productivity.

According to the union, the management has failed to provide adequate working tools and materials, leaving staff demoralized and stagnant. The union also highlighted the absence of promotions, lack of salary increments, and unrealistic performance targets set without labour’s input.

“The so-called appraisal ratings are inconsistent, biased, and cannot form the basis for termination of staff under such precarious working conditions,” the union stressed.

NUEE further rejected any planned wage review not aligned with agreements reached between Labour and Management through the Consequential Adjustment Committee.

CC: SEUN


source : https://gatmash.com/2025/09/01/nuee-condemns-mass-sack-at-ikeja-electric-demands-immediate-reversal/

Re: Crisis Looms at Ikeja Electric as Sahara Group Mismanagement Triggers Mass Layof by motymop: 12:13pm On Sep 02, 2025
These unions sometimes encourage incompetency.

Ikeja electric is private company, so why do a union think they can protest for workers when they are sacked.

One thing those unions don't understand about private companies is this, if you fight against them, they will accept you back and then frustrate you till you resign by yourself.
Re: Crisis Looms at Ikeja Electric as Sahara Group Mismanagement Triggers Mass Layof by IkennaOkongwu(op): 12:20pm On Sep 02, 2025
motymop:
These unions sometimes encourage incompetency.

Ikeja electric is private company, so why do a union think they can protest for workers when they are sacked.
The Federal Government still owns 40% equity in every DISCO. The workforce and infrastructure remain assets of the Government, while the private management teams only operate these Discos under licenses granted by the Government.
Re: Crisis Looms at Ikeja Electric as Sahara Group Mismanagement Triggers Mass Layof by motymop: 12:28pm On Sep 02, 2025
IkennaOkongwu:
The Federal Government still owns 40% equity in every DISCO. The workforce and infrastructure remain assets of the Government, while the private management teams only operate these Discos under licenses granted by the Government.
The workforce isn't government but Ikeja electric.

Sahara group and one Korean company own 60% of the Ikeja electric, so they are the ones employing not government.

Government fund through debt.
Re: Crisis Looms at Ikeja Electric as Sahara Group Mismanagement Triggers Mass Layof by IkennaOkongwu(op): 12:33pm On Sep 02, 2025
motymop:
The workforce isn't government but Ikeja electric.

Sahara group and one Korean company own 60% of the Ikeja electric, so they are the ones employing not government.

Government fund through debt.
It is true that Sahara Group and a Korean company own 60% of Ikeja Electric, while the Federal Government retains 40%. However, it is incorrect to claim that the workforce is not tied to government. The truth is that the Federal Government still plays a significant role because:

1. Equity Ownership: With 40% ownership, the Federal Government is still a major shareholder in Ikeja Electric. The workforce and infrastructure were originally funded, built, and sustained by government investment before privatization.

2. Licensing and Regulation: The management operates strictly on licenses issued by the Nigerian Government through NERC. Without these licenses, Sahara Group and its partners cannot operate the Disco.

3. Funding and Debt: The government continues to inject funds and guarantee loans for Ikeja Electric PLC via CBN to sustain operations, which indirectly supports both staff and infrastructure.

4. Continuity of Assets: The physical infrastructure (lines, poles, substations, etc.) still belongs to the Nigerian State. The private investors are only managers and operators, not outright owners of these national assets.

Therefore, while Sahara Group may control the majority stake and handle direct employment contracts, the Nigerian Government still retains substantial ownership, responsibility, and influence over both the workforce and infrastructure.
Re: Crisis Looms at Ikeja Electric as Sahara Group Mismanagement Triggers Mass Layof by IkennaOkongwu(op): 2:00pm On Sep 18, 2025
I reported this earlier this month but it wasn't moved to Frontpage.

There's fresh Crisis in Ikeja Electric PLC

https://saharareporters.com/2025/09/17/national-workers-union-accuses-ikeja-electric-harassment-demands-reinstatement-sacked

Re: Crisis Looms at Ikeja Electric as Sahara Group Mismanagement Triggers Mass Layof by Jokerman(m): 2:54pm On Sep 18, 2025
Economy affect the Sahara group??
Re: Crisis Looms at Ikeja Electric as Sahara Group Mismanagement Triggers Mass Layof by lionshare: 3:39pm On Sep 18, 2025
IkennaOkongwu:
It is true that Sahara Group and a Korean company own 60% of Ikeja Electric, while the Federal Government retains 40%. However, it is incorrect to claim that the workforce is not tied to government. The truth is that the Federal Government still plays a significant role because:

1. Equity Ownership: With 40% ownership, the Federal Government is still a major shareholder in Ikeja Electric. The workforce and infrastructure were originally funded, built, and sustained by government investment before privatization.

2. Licensing and Regulation: The management operates strictly on licenses issued by the Nigerian Government through NERC. Without these licenses, Sahara Group and its partners cannot operate the Disco.

3. Funding and Debt: The government continues to inject funds and guarantee loans for Ikeja Electric PLC via CBN to sustain operations, which indirectly supports both staff and infrastructure.

4. Continuity of Assets: The physical infrastructure (lines, poles, substations, etc.) still belongs to the Nigerian State. The private investors are only managers and operators, not outright owners of these national assets.

Therefore, while Sahara Group may control the majority stake and handle direct employment contracts, the Nigerian Government still retains substantial ownership, responsibility, and influence over both the workforce and infrastructure.
You’re essentially validating the union’s actions based on the Nigerian government’s ownership, so if the government wants to avoid the union’s unreasonable behavior, shouldn’t it stop owning stakes in any company?
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