Any moment from now, offices of Unity Bank Plc, across Nigeria, will be picketed by the former staff of the defunct Bank of the North (BON), who were absolved into the Unity Bank, over non payment of their benefits.

The former BON staff’s action is predicated on a judgment delivered by an Abuja division of the National Industrial Court of Nigeria (NICN), the country’s capital, which recently dismissed the suit filed Unity Bank Plc, to stop such action.

Unity Bank Plc through its lawyer, Akpama Ekwe and A. E. Ezetulugo had dragged Aliyu Yusuf; Julius Mcdul and Samson Achimugu, who were representative of all defunct BON Staff that were carried over to Unity Bank and representatives all former staff of BON before Merger with Unity Bank Plc, respectively, in a suit numbered NICN/ABJ/210/2013.

Unpaid Benefits: Unity Bank Loses Bid To Stop It’s Picketing By Ex-Bank Of The North Staff

“A declaration that the 50 percent payment of pension and gratuity by BON shareholders was full and final payment. And an order for the cost of filing this suit.

But the former defunct BON staff in their defence and counter-claims to the Unity Bank Plc’s suit, filed and argued by their lawyer, K. C. Muoemeka; urged the court to dismiss that bank’s suit, while also asked for the following reliefs; “a declaration that they are entitled to full implementation of the 2005 collective agreement with regard to payment of terminal benefits of staffers of the defunct Bank of the North Limited.

“A declaration that the purported agreement executed between the shareholders and management of the defunct Bank of the North Limited on February 7 and 16, 2006, respectively with officials of ASSBIFI and NUBIFIE, Bank of the North Limited domestic unit waving 50 percent, their benefits is a nullity.

“A declaration that Unity Bank Plc, is bound by the collective agreement of 2005 and should pay them a full redundancy benefits which is made up of basic salary, housing allowance, transport allowance and lunch subsidy in accordance with the collective agreement of 2005, as the Unity Bank Plc, had inherited all assets and liabilities of the defunct Bank of the North Limited by virtue of the merger.

“A declaration that the suit of the claimant is lacking in merit, vexatious and an attempt to delay their entitlements.

“A declaration that Unity Bank Plc., is indebted to them in the sum of N1, 605, 946, 377.50 billion, as outstanding 50 percent balance sum for redundancy on basic salary alone and a further sum of N2, 230, 650,084.44 billion, as unpaid 100 percent redundancy on Housing allowance, Transport allowance and Lunch subsidy and in all totaling N3, 836, 596, 461.94 billion, and when the sum of N34, 356, 836. 45 million, due to their five members, with judgment in Suit NO. NICN/ABJ/175/2013 is deducted there-from gives a balance sum of N3, 802, 239, 625.49 billion, as their current financial exposure and debt owed them.

“An award of the sum of N3, 802, 239, 625.49 billion, against the Unity Bank Plc, and in their favour, as unpaid terminal benefits owed them by the Unity Bank Plc.

“An award of the sum of N550 Million as cost of action and general damages, respectively.

“An Award of 10 percent post Judgment interest on the entire judgment sum from the date of judgment till same is fully liquidated. And order dismissing the claimant’s suit with cost of N5 Million.

Justice Edith N. Agbakoba in her judgment delivered on July 28, 2022, after perused all the processes filed by the parties, and legally weighed the submissions of Counsel, dismissed all the reliefs sought by the Unity Bank Plc, for lacking in merit.

Justice Agbakoba equally refused the monetary requests of the defendants/counterclaimants, for being incompetent.

In her judgment, Justice Agbakoba, after citing plethoras of legal authorities held that; “From the foregoing, the Counterclaim I find is abuse of process and therefore is hereby struck out.

“The claimant case lacks merit and counter claim is incompetent, case dismissed.

 

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