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BREAKING: Kaduna Electric Lays Off 900 Employees, Promises Pension Disbursement ‘In Due Course’ Amidst Indefinite Strike Action

by Editorial Team
3 February 2025
in News

The Kaduna Electricity Distribution Company (Kaduna Electric) has laid off 900 employees, as affected workers, saying their net benefits will be paid into their accounts later and pension will come “in due course”.

Following their dismissal, the workers have declared indefinite strike.

In a statement released on January 31, 2025, and obtained by SaharaReporters, Kaduna Electric announced that the services of the staff members were no longer required.

Sources told SaharaReporters that 900 workers were affected by the sacking.

“Kaduna electric has sacked 900 staff members and paid only 10% of supposed benefits. Indefinite strike has been declared,” a source in the company said.

SaharaReporters learnt that the sacking comes amid a Monthly Performance Review meeting chaired by Dr. Umar Abubakar Hashidu, Managing Director and CEO of Kaduna Electric and the Chairman of the Board of Directors, Alhaji Aminu Abubakar Suleiman.

Others in attendance include a board member and Chairman, HR Committee, Ibrahim Musa Umar.

Suleiman was a Peoples Democratic Party aspirant for Kogi East senatorial district but was disqualified by the party over various acts of misconduct.

According to the company, the workers’ net benefit will be credited to their account while their pension will be paid to your retirement savings account with their Pension Fund Administrator (PFA) in due course.

The statement read, “We refer to your offer of employment and write to inform you that your services will no longer be required by the company, effective January 31, 2025.

 

“This decision was not made lightly and reflects our commitment to adapting our operations to meet current challenges.

 

“Please find below the summary of your benefits and outstanding obligations.

 

“Details of Benefits/Obligations, 13th Month Pay (2024): Credit N49,448.11.

 

“9 Months Basic Salary: Credit N445,033.07.

 

“Total Net Benefit: N494,481.18.”

 

Meanwhile, the outstanding Liability (Pension) is N1,225,164.63, while the total benefit is N1,719,645.83.

 

“Kindly note that the sum of N494,481.19 will be credited to your account accordingly. Your accrued pension will be paid to your retirement savings account with your PFA in due course.

 

“Upon receipt of this letter, you are expected to return all company property including work tools and your staff identification card to the Human Resources Department without delay.

 

“We appreciate your contributions to Kaduna Electric and wish you success in your future endeavors,” the statement added.

Tags: General News
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