TOR-Torentco deal replica of ECG/PDS scandal – GCT Workers Union

0
TOR, Torentco, Deal, Replica, ECG, PDS, Scandal, GCT, Workers, Union, Of

The TOR Division of The General Transport Petroleum Chemical Workers Union (GTPCWU) has labelled the proposed lease agreement between the Tema Oil Refinery (TOR) and Torentco as a replica of the infamous ECG/PDS scandal.

Civil Society Groups have raised red flags on the ongoing agreement, describing as fishy the decision to use sole sourcing to grant the lease to Torentco who is said not to have had any track record in the petroleum sector.

But while the Senior Staff of TOR have backed the deal saying the agreement will get dysfunctional TOR back on its feet, the GTPCWU, in a statement, say they will resist any form of TOR takeover that smacks of a lack of credibility.

They are also demanding an immediate halt of the lease agreement process whiles it calls for a re-assessment of Torentco’s credibility as lessee of TOR.

Read Also: Imposing taxes on sanitary pads was a cardinal sin – Bagbin

“The Ongoing agreement is a replica of the ECG/PDS scandal where under the supervision of all state actors an entity without capacity and credibility took over the state asset (ECG)”, portions of the statement read.

“The executives of this union stumbled on the due diligence report that has further confirmed and established Torentco’s lack of capacity and credibility,” it added.

The Unions add that although it agrees a Private-Public Partnership agreement is non-negotiable for the revival TOR, any decision that does not follow due process and smacks of a lack of credibility will be resisted.

Leave a Reply

Your email address will not be published. Required fields are marked *

Verified by MonsterInsights