IN THE NATIONAL INDUSTRIAL COURT OF NIGERIA
IN THE ENUGU JUDICIAL DIVISION
HOLDEN AT ENUGU
BEFORE HIS LORDSHIP, HON. JUSTICE I.J. ESSIEN Ph.D
DATE: 19TH JULY, 2018.
SUIT NO.: NICN/EN/17/2017
BETWEEN:
- CHRISTIAN CHUKWUMA EZE CLAIMANT
AND
UNION BANK OF NIGERIA PLC AND ANOR DEFENDANTS
REPRESENTATION:
- E. Onugha Esq. for the Claimant
O.C. Chikezie Esq. for the Defendant
CONSENT JUDGMENT
Pursuant to the terms of settlement dated the 17th July, 2018 and filed on the 18th July, 2018 this court hereby enters a consent judgment in the following terms.
(A) The claimant claimed against the defendant, as per the reliefs in his Amended Statement of Facts dated and filed on 27th February, 2018, at the Registry of this court.
- B)The defendants have through their counsel filed all the requisite defence processes joining issues with the claimant on his several allegations with respect to his claims before this court.
- C)The parties, that is to say, the claimant and the defendants, have, before this case is slated for Hearing, decided and agreed to settle the case out of court upon the following terms:-
1) That the dismissal of the claimant by the Bank, is hereby converted to Termination of Employment.
2) That the claimant’s said dismissal, being so converted to Termination of Employment, is now entitled and shall be paid forthwith the sum of N4,000,000.00 (Four million Naira only) by the 1st defendant Bank in full and final settlement of his terminal benefits.
3) That the claimant shall, in addition to being paid the sum of N4,000,000.00 (Four million Naira only) terminal benefit by the 1st defendant Bank, be entitled and shall also be paid a pension benefit of the sum of N1,525,212.19 which said pension sum the 1st defendant Bank has transferred to a temporary contribution fund in Leadway Pensure PFA, as directed by the National Pension Commission once the claimant registers with a Pension Fund Administrator (PFA), then the Fund would be moved to the claimant’s PFA.
4) That the claimant agrees, undertakes and acknowledges that the aforesaid payment when made to him by the 1st defendant Bank, shall operate as full and final settlement, release and discharge of all claims of whatever nature and howsoever arising, whether now or in future, against the defendants or any person associated with the defendants on account or in respect of the termination of the claimant’s employment by the 1st defendant, the subject matter of this case.
5) That the claimant hereby unconditionally discontinues this case against the defendants in view of the above settlement.
6) That the parties agree that there shall be no order as to cost.
7) That the parties have agreed and consented that the above terms shall be adopted as consent judgment and hereby urge this court to enter judgment as such for the parties in this case.
Consent Judgment is entered accordingly.
