Human Rights

Court orders First Bank Plc to pay 2015 retirees’ entitlement

 

The National Industrial Court, Abuja, has ordered First Bank of Nigeria Plc to pay its 2015 retirees their entitlements.

Justice Sanusi Kado, delivering judgment Tuesday, on behalf of Justices Benedict Kanyip and Rakiya Haastrup, declared that the dispute between the parties was a Trade Dispute and the Industrial Arbitration Panel (IAP), had the jurisdiction to have listened to the matter.

The judge further declared that the respondents had authorisation to sue in representative capacity.

He also affirmed the IAP’s award of 100 per cent payment of entitlement, he however limited it to only four of the retirees who were able to prove their unpaid entitlements.

The judge further affirmed the payment of 30 per cent annual basic salary as repatriation allowance as granted by IAP.

In addition, the respondents were granted payment of three months’ salary in lieu of notice.

The court also affirmed the decision of the IAP for relief of waiver of up-front payment to the retirees.

The court however set aside the award of payment of deferred pension scheme, gratuity and payment of performance and profit for 2014 financial year as earlier granted by IAP.

The judges in their judgment also set aside the payment of 21 per cent interest rate of the entitlements from March, 2015 till date.

The request of N5 billion as damages was also denied.

First Bank Plc, the appellant had approached the court to seek redress when IAP on March 18,2018 entered an award in favour of the retirees (respondents).

Obi Chukwuma, the respondents’ counsel averred that the bank in Feb.2015 called for voluntary retirement with incentive to interested staff.

Chukwuma further submitted that the appellant then turned around and refused the respondents their incentive retirement entitlements as earlier promised after they retired.

Godswill Nwani, the appellant counsel in his argument said the IAP lacked jurisdiction to entertain dispute between the bank and the retirees.

Nwani also said the commencement of the action by the respondents in a representative capacity at the IAP made the action incompetent.

Joined as a co- respondent in the suit was the Association of Senior Staff of Bank, Insurance and Financial Institutions.

Comment With Facebook

Comments (174)

  1. We are a group of volunteers and opening a new scheme in our community. Your site provided us with useful info to work on. You’ve performed a formidable job and our entire group might be thankful to you.|

  2. Informative article, exactly what I needed.|

  3. I am actually delighted to read this webpage posts which contains lots of valuable data, thanks for providing these statistics.|

  4. Hey there, You have performed a fantastic job. I will certainly digg it and in my opinion suggest to my friends. I am sure they will be benefited from this website.|

  5. The author is known by the naming of Magali Ary. For years I’ve been living in Idaho and mother and father live in the area. Administering databases is how I make assets. To camp is something that he’s been doing for months or even years. She’s not good at design we might to help check her website: #link#

  6. The name of the author is Rhett Shattuck but he never really liked that word. Years ago he moved to Puerto Rico but he end up being move a new consequence of his kin. To play curling is something I’m going to never quit. Supervising is generate income support his dad and Do not think I’ll change it anytime almost immediately. You might still find her website here: #link#

  7. Thank you ever so for you article post.Much thanks again. Really Cool.

  8. Quality content is the secret to interest the viewers to pay a quick visit the website, that’s what this web site is providing.|

  9. Hey! This is my first visit to your blog! We are a team of volunteers and starting a new initiative in a community in the same niche. Your blog provided us beneficial information to work on. You have done a wonderful job!|

  10. Have you ever considered creating an e-book or guest authoring on other websites? I have a blog based on the same topics you discuss and would really like to have you share some stories/information. I know my visitors would enjoy your work. If you’re even remotely interested, feel free to shoot me an e mail.|

  11. Hi there. My name is Magali. Administering databases is the I earn their living but I plan on changing which. My friends say it isn’t good for me personally but the things i love doing is liposuction costs comics but i struggle to get time sell. For years I’ve been staying in California. He’s been working on his website for it slow now. Have a look here: #link#

  12. Hi there colleagues, nice paragraph and fastidious urging commented at this place, I am actually enjoying by these.|

  13. With havin so much content and articles do you ever run into any problems of plagorism or copyright infringement? My blog has a lot of exclusive content I’ve either written myself or outsourced but it appears a lot of it is popping it up all over the internet without my authorization. Do you know any methods to help prevent content from being ripped off? I’d definitely appreciate it.|

  14. Hi there! Do you use Twitter? I’d like to follow you if that would be ok. I’m definitely enjoying your blog and look forward to new updates.|

  15. Excellent beat ! I wish to apprentice even as you amend your website, how can i subscribe for a blog website? The account aided me a applicable deal. I were tiny bit acquainted of this your broadcast offered vibrant clear concept|

  16. Hi on that point. My name is Magali though Dislike really like being called like that will. His day job is a procurement agent. For a while he’s been in Puerto Rico and his parents live nearby. As a woman what she really likes is solving puzzles all of this was she is hoping to building an income with it. She is running and maintaining weblog here: #link#

  17. Heya i’m for the first time here. I came across this board and I find It truly useful & it helped me out a lot. I hope to give something back and help others like you helped me.|

  18. Hello, just wanted to mention, I loved this blog post. It was inspiring. Keep on posting!|

  19. I simply couldn’t leave your web site prior to suggesting that I really enjoyed the standard information a person provide to your visitors? Is going to be back steadily to check up on new posts|

  20. After checking out a few of the blog articles on your web site, I honestly appreciate your way of writing a blog. I book-marked it to my bookmark website list and will be checking back in the near future. Please check out my website too and tell me what you think.|

  21. Hey there would you mind sharing which blog platform you’re using? I’m going to start my own blog soon but I’m having a hard time deciding between BlogEngine/Wordpress/B2evolution and Drupal. The reason I ask is because your layout seems different then most blogs and I’m looking for something completely unique. P.S Sorry for getting off-topic but I had to ask!|

  22. Hey there! I know this is kinda off topic however , I’d figured I’d ask. Would you be interested in trading links or maybe guest writing a blog post or vice-versa? My site addresses a lot of the same topics as yours and I feel we could greatly benefit from each other. If you happen to be interested feel free to send me an e-mail. I look forward to hearing from you! Superb blog by the way!|

  23. Hi, i think that i saw you visited my site thus i came to “return the favor”.I am trying to find things to enhance my site!I suppose its ok to use a few of your ideas!!|

  24. If some one wants to be updated with most recent technologies then he must be pay a quick visit this site and be up to date all the time.|

Comment here

This site uses Akismet to reduce spam. Learn how your comment data is processed.