Justice Kado in the judgment declared that the dispute between the parties was a Trade Dispute and the Industrial Arbitration Panel , had the jurisdiction to have listened to the matter.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 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. Obi Chukwuma, the respondents’ counsel averred that the bank in Feb.2015 called for voluntary retirement with incentive to interested staff.
Godswill Nwani, the appellant counsel in his argument said the IAP lacked jurisdiction to entertain dispute between the bank and the retirees.
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