THE need for improved industrial peace was one the major issues at the 55th Annual General Meeting, AGM, of the Nigeria Employers Consultative Association, NECA, that took place Thursday, July 12, 2012, at the NECA in Lagos.

FEDERAL Government representatives led by the Minister of Power, Professor Barth Nnaji and Organised Labour in the electricity sector, under the umbrella of the National Union of Electricity Employees, NUEE, and Senior Staff Association of Electricity and Allied Companies, SSAEAC, met recently to resolve contentious labour issues ahead of government planned privatization of Power Holding Company of Nigeria, PHCN. The meeting did not only end in deadlock, but also, adjoin sine die and workers in sector have become very restive and threatening fire and brimstone.

JUDGING from the assessment by the organized labour in the Electricity sector, two years ago, the workers in the Power Holding Company of Nigeria, PHCN’s pension scheme has accumulated a whopping N331 billion.

WORRIED by report of massive unremitted pension funds by Private sector employers to the Retirement Saving Account, RSA, of workers, Nigeria Labour Congress, NLC, is to partner the National Pension Commission, PenCom, to ensure that such funds are recovered and remitted appropriately.

The Lagos State Attorney General and Commissioner for Justice, Mr Ade Ipaye, said that the lacuna in the old criminal law enacted since 1914 makes the comprehensive review of the law by the state government inevitable.