The National Union of Petroleum and Natural Gas Workers (NUPENG), has threatened to begin a strike in the Federal Capital Territory (FCT) over a dispute with Assets Management Company of Nigeria (AMCON), Premium Times reports.

Addressing journalists in Abuja on Thursday after a National Executive Council meeting, Igwe Achese, NUPENG President, said that the strike was inevitable because of three billion naira terminal benefits allegedly owed some sacked oil sector workers.

Mr. Achese said that those affected were former staff of Seawolf Drilling, an oil servicing firm, in Rivers. He said the management of AMCON was being lackadaisical in meeting its obligation of settling the workers.

Mr. Achese said more than 300 workers of the oil firm were disengaged unceremoniously in 2013. The retrenchment of the workers followed the company’s indebtedness to a commercial bank to the tune of N25 billion which led to AMCON taking over the assets and liabilities of Seawolf.

The workers, who are affiliate members of NUPENG, have been asking AMCON to pay their severance package without success, he said. Mr. Achese said NUPENG had given two weeks grace to the federal government and the Ministry of Labour and Employment to intervene.