Business activities were on Monday paralyzed at the Asset Management Corporation of Nigeria by oil workers under the aegis of SeaWolf Oil Field.

The disengaged oil workers, who barricaded the entrance of the office were protesting over the failure of AMCON to pay their entitlements which they claimed was in the range of N5bn to N7bn.

The workers lamented that despite assurance that the corporation would pay their entitlements after taking over their company-Offshore Management Services, such promises had yet to be fulfilled.

Spokesman for the protesters, Mr. Victor Ekundayo said that the agreement reached with the corporation was that their salaries would be paid by AMCON following the takeover of the company two years ago.

He said,” We have had several meetings with the Ministry of Petroleum, Labour and Productivity. Ministry of Finance had to intervene, insisting that AMCON pay the claims. AMCON even called us to say they will pay, yet nothing has been done.

“AMCON took over our facility in 2013 because SeaWolf was indebted to a lot of commercial banks. They did so without settling the workers.

“The standard in the oil and gas is that for whatever reason a company is taken, workers must be paid their terminal benefits, which AMCON has refused to do…”

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