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Court Orders First Bank to Pay Ex-Staff N23.3m for Wrongful Dismissal

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An Abuja division of the National Industrial Court of Nigeria (NICN) has ordered First Bank Plc, to pay a total sum of N23,307,134.57 million, to one of its former staff, for wrongful and unlawful dismissal from work.

Court Orders First Bank to Pay Ex-Staff N23.3m for Wrongful Dismissal

 

The court presided by Justice Edith N. Agbakoba, awarded the judgment sum against First Bank Plc, while delivering judgment in a suit marked NICN/ABJ/229/2015, filed by one Gbenga Giwa, a former employee of the bank who was unjustly dismissed from the bank over controversial N60 million fraud.

Giwa, who worked last with the bank as Deputy Manager (Construction/Infrastructures Desk), before his unjust dismissal, had approached the court through his counsel, Bola Aidi, for the following reliefs; “a declaration that the purported letter of dismissal dated May 4, 2015, served on the claimant is null, void and of no effect whatsoever.

“A declaration that his letter of resignation dated September 2, 2014 served on the defendant is valid and subsisting.

“An order mandating First Bank, to pay all his entitlements for service with the bank for over 20 years to wit: his gratuity; N6. 3 million; Total Emolument: salary N17, 290, million, representing salary for 1 year totaling: N23,590 million, with immediate effect.

“An order mandating the First Bank to pay him one year unpaid salary and emolument while he remains in the employment of the bank from June 28, 2013 to September 2, 2014 respectively before tendering his resignation, amounting to a total of N23,007,134.57 million.

“An order of perpetual injunction restraining the bank from using; the Police, SSS, Army, Navy, Air Force and any other Security Agencies to arrest, detain, harass, intimidate or oppress the him in any manner whatsoever in respect of any loan connected with his employment.

“An order for payment of the sum of N5 million, being specific damage for withholding his entitlements, rights and benefits contrary to the provisions of the Employee Handbook of the Defendant since 2014 till date. And the sum of N50 million, as general damages, for the physical, psychological and emotional trauma visited on him through the actions of the bank.

But, First Bank Plc in a preliminary objections and counterclaims to the suit, filed by its counsel, Ayodeji Ademola, asked the court for “a declaration that it’s letter dated May 4, 2015, summarily dismissing the claimant from her employment, is valid and that the Claimant’s purported resignation via a letter dated September 2, 2014, while under suspension and undergoing investigation is null and void having contravened the terms of his employment.

“A declaration that the Claimant was properly dismissed in line with the Employee Handbook of the Counter Claimant and the claimant is not entitled to any benefit.

“A declaration that the fraudulent and unauthorized debit transfers of N60 million, in two tranches of N30 million, each from the account of Webb Fontaine Limited. i.e. account no. 200739563 (Hong Kong), to the account of Eksato Engineering Services Limited (account no. 2011773133) on March 8, 2013, and May 28, 2013 through the active connivance of the Claimant constitutes a breach of contract.

“An order that the Claimant pays to the the sum of N50 million, only as damages for breach of contract and reputation damages. And an order of the court directing the claimant to pay forthwith the sum of N30 million, fraudulently transferred by the claimant from the Bank Account of Webb Fountaine Nigeria Limited which could not be recouped from the account of Eksato Engineering Services Limited.

“An order that the claimant pays to it the sum of N1,636,484.27 million, which represent the outstanding credit facility and/or staff loan obtained by the Claimant while in the service of the bank. And an award of N2 million only, as cost of this action. And award of interest at the rate 15 percent, per annum on the judgment sum starting from the dale judgment is delivered.

Justice Agbakoba in her judgment delivered on July 28, 2022, dismissed First Bank’s preliminary objections and counter-claims, on the ground that First bank failed to satisfy the court in proofing it’s case against that claimant.

Consequently Justice Agbakoba declared “that the purported letter of dismissal dated 4th May, 2015 served on the claimant is of no effect whatsoever.

“That the Claimant’s letter of resignation dated September 2, 2014 served on the bank is valid and binding.”

The judge also ordered that “by order of this court order the Defendant (First Bank Plc) shall pay to the Claimant the sum of N23, 007,134.57 million only, being his due one year’s salary for the period of June 28, 2013 to September 2, 2014. And cost of this suit is N300, 000.00.”

Justice Agbakoba further order that all sums payable within 60 days thereafter 10 percent interest per annum will attach.

 

 

 

 

 


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UK Appoints Peter Vowles as British High Commissioner to Nigeria

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The UK Government has announced the appointment of Mr Peter Vowles as the next British High Commissioner to the Federal Republic of Nigeria.

Mr Vowles succeeds Dr Richard Montgomery CMG and is expected to take up his post in Abuja in September 2026. Dr Montgomery remains in post until that time.

Mr Vowles brings extensive diplomatic and development experience to the role, having served as His Majesty’s Ambassador to Zimbabwe from 2023 to 2026 and previously as Ambassador to Myanmar from 2021 to 2022.

He has held senior leadership positions across the FCDO and its predecessor department DFID, including as Transformation Director and Director for Asia, Caribbean and Overseas Territories.

Earlier in his career, Mr Vowles worked in international development across South Asia, Central Africa and East Africa, including postings in Bangladesh, India, the Democratic Republic of Congo and Kenya. He began his career in Zimbabwe, where he worked in education and development.

Peter Vowles said: “I am honoured to be appointed as British High Commissioner to Nigeria. Nigeria is a country of immense importance to the United Kingdom, and I look forward to working closely with Nigerian partners to strengthen our relationship across trade, development and security.”


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Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

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World Bank has ranked the Apapa and Tin Can Island Port complexes in Lagos among the world’s 20 most improved ports in its 2025 Container Port Performance Index (CPPI), released in June 2026.

Nigeria’s Apapa, Tin Can Ports Make Global Top 20 Improvement List

The ranking places both ports in the “Top 20 Port Improvement Since 2020” category, reflecting significant gains in operational efficiency and vessel turnaround time.

The CPPI is a global benchmark used to assess the efficiency of container ports based on factors such as cargo handling speed, ship turnaround time and overall logistics performance.

According to the report, the improvement highlights ongoing reforms and modernization efforts within Nigeria’s maritime sector.

The Managing Director of the Nigerian Ports Authority (NPA), Mr Abubakar Dantsoho, attributed the recognition to ongoing policy reforms and infrastructure upgrades in the sector.

He said the development reflects the impact of economic policies of President Bola Tinubu and the support of the Minister of Marine and Blue Economy, Mr Adegboyega Oyetola.

“With the investor-friendly policies of President Bola Ahmed Tinubu providing the impetus for increased investment to drive our port infrastructure and equipment modernisation programme, coupled with the unflinching support of the Honourable Minister of Marine and Blue Economy, Adegboyega Oyetola, we have all it takes to further enhance trade facilitation, improve competitiveness and boost the national economy,” he said.

The NPA said the recognition is expected to strengthen investor confidence in Nigeria’s maritime sector and enhance the country’s position as a regional trade and logistics hub.

It noted that improvements in port operations are already contributing to increased efficiency in cargo movement and reduced delays at key terminals.

The authority also pointed to ongoing efforts to modernise port infrastructure and expand digital systems aimed at improving service delivery.

Earlier in February 2026, the NPA said the federal government had intensified efforts to position Nigeria as a leading maritime destination through port rehabilitation and modernization projects.

It also highlighted public-private partnership initiatives, including developments at the Lekki Deep Sea Port, as part of broader reforms aimed at improving efficiency and attracting investment.

The CPPI ranking is expected to further boost Nigeria’s maritime profile and encourage additional investment in the sector.


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PalmPay Joins Industry Leaders @ Digital Pay Expo 2026

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As digital payment adoption continues to grow across Nigeria and emerging markets, the next phase will depend not just on innovation, but on the strength, reliability, and trustworthiness of the infrastructure behind it.

While the ecosystem has made clear progress in recent years, trust remains a critical issue for users, businesses, and operators alike. Questions around resilience, security, interoperability and transaction reliability continue to shape how the market evolves and how confidently digital payments can scale.

These issues will be central to the deliberations at Digital Pay Expo 2026, where fintech leaders, payment operators, and other ecosystem stakeholders will gather under the theme, “Seamless Digital: Fostering Pan-African Market Expansion in the Era of AI.”

PalmPay’s participation reflects its continued commitment to building trusted and scalable payment infrastructure, while contributing to the broader industry efforts to strengthen systems, standards, and partnerships needed to support long-term ecosystem growth.

Speaking ahead of the event, Olorunfemi Hanson, Head of Marketing and Communications at PalmPay Nigeria, said: “As the financial services ecosystem continues to grow, trust and reliability become even more important.

“The industry’s next phase will be shaped not only by innovation, but by the strength of the infrastructure supporting it. Digital Pay Expo provides an important platform to address the resilience, interoperability, and trust issues that will shape the future of digital payments growth across Africa.”

The event, scheduled to be held from the 17th to the 18th of June, 2026, will feature Chika Nwosu, Managing Director of PalmPay Nigeria, alongside other distinguished guests, including the Director-General, Payment System Management Department (PSMD), Central Bank of Nigeria. The event will examine how the industry can balance innovation, regulation, and scalability while strengthening trust across the digital payments value chain.

For PalmPay, this event reinforces its role in supporting a more resilient, secure and scalable payments ecosystem for Nigeria and emerging markets more broadly.


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