Retirees of Mobil producing Nigeria Unlimited and Mobil oil Nigeria Plc have demanded the company to pay them there entitlements, so as to allow them take proper care of themselves.
In a statement issued  by the retirees under the umbrella of  Mobil Annuitant Association of Nigeria (MAAN), and signed by its secretary Mr. Reuben Gbolade Adebanjo,  they said  in view of current trend of cash out payment for Nigerians the committee was mandated by the General meeting to pursue the Cash out issue for all retirees.
MAAN said it  wrote on October 17, 2017 to the Economic and Financial Crimes Commission,  EFCC  to help investigate and ascertain the Retirees fund as provided by ESSO Exploration when it merged with the two companies in November, 1999 and set aside the sum of 22.4b and 15.8b Naira respectively for retirees of MPNU and MON PIC.
They said all requested information/document by EFCC were promptly forwarded to Mike Adache, adding that the said money was to be used as separation allowance after due harmonization which was to be for five consecutive years.
According to Adebanjo, wIth the second sale of MON there is no management of MON as Chairman/Managing Director and Key Managers have retired and have
already been settled and paid off.
“As at now, legally the Chairman/Managing Director can no longer act as authority for MON as he has retired. This is the basic reason we have to approach the Government agency to come to our aid to save lives of hundreds of people now wallowing abject poverty while some handful of people will be feeding fat on what Is the legitimate
right of the retirees.
“It will therefore be necessary to go into the Custodial and Fund Administrator’s accounts and review from inception to determine inflows and legitimate outflows and come up with the status as of now
before the pay-off of the annuities to enable each one manage their funds just as Pencom retirees are doing.
He noted that NIPCO who bought MON has despite several letters written to them
replied to no one. Letters written to them have always seen replied under non-existent Mobil oil Nigeria, letterhead.
“NIPCO has had 10 contact or communication with the retirees Association.
“Our request for details of the sale/purchase agreement as it relates to retirees has fell on deaf ears as we were told it has nothing to do with Us.
Should there be any areas you still require information to enable you do an in-depth investigation please do not hesitate to request.

FOR INFORMATIONAL PURPOSES ONLY. The content of this Website is made available by the Nigerian Pilot Newspaper Publisher. This Website seeks to facilitate the dissemination of informative, with engaging, and constructive news about events in Nigerian, Africa, and Globally as they happen. The “Distributor” of this Information are the Nigerian Pilot Newspaper and Nigerian Pilot Tv brands of Dom Communication, LLC.

DISCLAIMER: FAKE NEWS PUBLICATION. This Website NigPilot collects information from several Independent Reporters and may contain unauthenticated and/or copyrighted materials the utilization of which has not generally been explicitly approved or authorized by the copyright proprietor. NigPilot with concern to increase in misleading social media publications, please report any Fake, False, or Misleading News to [email protected] for immediate action.

FAIR USE NOTICE. In accordance with THE LAW, the material on this Website is included for informational and educational purposes. If you wish to use copyrighted material from this site for purposes of your own that go beyond “fair use,” you must obtain permission from the copyright owner or Nigerian Pilot WEBMASTER. For Nigerian Pilot Newspaper Advert Rates Click Here!