COURT:Ex-Workers Sue Central Bank Of Nigeria(CBN)For Non Payments Of Entitlement.

Corruption or what...I can't tell but this nation and its leaders are doing what maybe their own heart desire and ambition not putting the national ambition and that of its CITIZENS in GENERAL...Lol...bellow is how punchng reports that ex-workers had sued CBN over unpaid entitlements...

FOURTEEN thousand ex-workers of non-
consolidated banks in Nigeria have sued
the Central Bank of Nigeria over the bank’s
alleged refusal to pay their entitlements.
The ex-bank workers sued as registered
trustees of the Association of Non-
Consolidated Banks, Nigeria, in the matter
that came up for hearing at the National
Industrial Court, Enugu Judicial Division, on
Friday.
Joined in the suit are the Nigeria Deposit
Insurance Corporation; ministers of
Finance, Labour and Productivity; and the
Attorney-General of the Federation.
Other defendants in the suit, which is being
presided over by Justice A.K Ibrahim,
include Eco Bank PLC, United Bank for
Africa, AfriBank (now Mainstream Bank) and
Zenith Bank.
The ex-workers are asking the court to
determine “whether having regards to the
CBN Guidelines and Incentives on
Consolidation in the Nigerian Banking
Industry of August 5, 2004, particularly the
‘Social Safety Net’, and the claimants are
not entitled to be ameliorated and
compensated in terms of their terminal
benefits, salary arrears and allowances.
“Whether the tacit delay and intractable
refusal of the defendants to implement the
Social Safety Net and in so doing
ameliorate and compensate the claimant
job losses and redundancies as enshrined
under the Social Safety Net is not
tantamount to a denial to perform a
statutory duty to a remedy enforceable by
an order of mandamus.
“Whether it is proper for the first and
second respondents (CBN and NDIC) to
categorise the claimant’s employers within
the meaning of ‘failing banks’ in the light of
the provisions of Section 35, 36 and 38 of
Banking and other Financial Institutions Act,
(Cap B3 LF 2004) and section 494 (1) of
Companies and Allied Matters Act, (Cap 59)
and in consequence of such classification
treat the claimant’s rightful benefit as other
creditors.”
Accordingly, they are seeking from the
court a declaration that they are entitled to
amelioration and compensation in terms of
their terminal benefits, salary arrears and
allowances in accordance with the ‘Social
Safe Net’ enshrined in the CBN Guidelines
and Incentives on consolidation in the
Nigeria Banking Industry of August 5, 2004.
The suit has been adjourned to November
7, 2013 to enable counsel to the claimants,
Emenike Azubuike, respond to the counter
affidavits filed by the defendants.

SOURCES:PUNCHNG 

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