Senator Ned Nwoko Confronts Julius Berger Over Payment Practices at Budget Defense

During today’s budget defense session at the National Assembly, Senator Ned Munir Nwoko, representing Delta North, took a firm stance against Julius Berger Nigeria Plc regarding its payment structure and compliance with Nigerian financial regulations.

As a known advocate for enforcing the law that mandates goods and services be paid for in Naira, Senator Nwoko sought clarification on the number of workers engaged by the company and their modes of payment.

In response, representatives of Julius Berger claimed that the company directly employs 10,000 workers, with an additional 150,000 engaged indirectly. However, they disclosed that 300 expatriate staff are on the company’s payroll in Germany, receiving their salaries outside Nigeria.

This revelation did not sit well with Senator Nwoko, who strongly condemned the practice, describing it as an unfair labor arrangement that disadvantages Nigerian workers. He emphasized that in an era where global economies are adopting more protectionist policies, Nigeria must close loopholes that allow foreign entities to sidestep its financial regulations.

The Senator further stressed that as world powers work to strengthen their currencies, Nigeria must leverage every available advantage in trade and commerce to do the same and address its balance of payment challenges.

Following these deliberations, the committee adjourned, resolving to proceed with oversight inspections.

Hon Gloria Okolugbo
Director Communications.
Office of the Distinguished Senator Representing Delta North.
Prince Ned Munir Nwoko