Ex-staff Sues Union Bank over Unpaid N4m Pension

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A former staff  of  Union Bank Plc, Mr Gbenga Ayobamide, on Wednesday sued the bank over his unpaid pension totaling  N4 million.

Ayobamide, who resides  at No 9/11,  Ogunjobi Street, Ijebu Ode, told the National Industrial Court in  Ibadan  that his appointment with the bank was terminated on April 7,1983.

He said that the bank had informed him that his pension would be paid when he attained  the retirement age of 60 years.

Ayobamide tendered a letter of agreement between him and the bank indicating that his pension would be paid when he attained 60 years.

He said that up till  the time of approaching the  court, the bank had yet to pay him his entitlement.

Ayobamide’s counsel,  Kolawole Loy, tendered photocopies of letters written by the bank to his client.

The defence counsel, Oluwaseun Omotoso,  however,  rejected the letters.

Loy, who urged the court to admit the letters, said the original copies were in the custody of the bank  which was not willing to release them.

“Rejecting the letters will amount to denying the complainant justice,’’ Loy said.

He argued that  the letters were part of the documents the court would need to determine the outcome of the case.

Justice E. N. Agbakoba of the National Industrial Court adjourned the case till May 13 for continuation of hearing.


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