Abuja - A former employee of Zenith Bank Plc, Abdulazeez Ibrahim, has been awarded the sum of about N42.8m by the National Industrial Court sitting in Abuja, Punch reports.
Ibrahim, a former Deputy Manager with Zenith Bank Plc, dragged the bank to court over his the termination of his appointment over a purported N7bn fraud said to have been perpetrated by a syndicate within the bank.
The N42million awarded is to cover for salaries, allowances and interests accruable to the plaintiff for the period of his suspension and subsequent sacking by the bank.
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The judge held that the report of the police investigation into the alleged N7bn fraud exonerated the claimant.
The court also awarded to the claimant a month’s salary in lieu of notice, as his appointment was terminated without adherence to the terms of the contractual agreement, requiring either party to give a month notice before terminating the appointment.
Read more at Punch
- News 24