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Court Tells Ecobank To Pay N1bn To Ex-Oceanic Bank Workers

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The National Industrial Court Lagos division has ordered Ecobank Nigeria Limited to pay the sum of N1,086,611,589.11 being judgment debt into the account of the Chief Registrar of the National Industrial Court, pending the hearing and determination of the appeal filed by Ecobank Bank against the judgment of the Court.

Justice R. H. Gwandu made the order on July 16, 2024, while ruling on an appeal filed by Ecobank against the previous judgment that directed the bank to pay 1,742 former Oceanic Bank staff for unpaid gratuities and staff savings.

The bank applied for a stay of execution but was denied. However, the court granted the ex-employees application for an Order Nisi to attach all monies owed to Ecobank with the Central Bank of Nigeria and other commercial banks, pending the determination of the appeal.

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The court refuses the application to stay the execution of the judgment and grants the Order Nisi as prayed.
“It is imperative to protect the integrity of this court’s judgment and ensure the judgment sum is secured pending the outcome of the appeal,” Justice Gwandu held.

It would be recalled that following the suit filed by 1,742 ex-Oceanic Bank employees against Ecobank who were denied their legitimate entitlements by the bank, the National Industrial Court, Lagos Division in a judgment had ordered Ecobank Nigeria Limited to pay the sum of N1, 086,611,589.11 to the ex-workers.

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Dissatisfied with the Court, Ecobank filed an appeal against the judgment of the court and an application for a stay of the execution of the judgment.

Justice Gwandu in his ruling on the application for stay, and the application for order nisi held: “Order nisi is granted as prayed, stay of execution is denied.”

READ ALSO: Troops Capture Terrorists’ Commanders, Apprehend Logistic Suppliers

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In the bench ruling, the court also held, “It, therefore, behoves this court to take steps to protect the integrity of its judgment and see that the Res is protected even when the appeal may or may not be pending.

“I hereby order the judgment debtor to pay the judgment sum into the account of the Chief Registrar of National Industrial Court of Nigeria pending the outcome of the appeal filed by the applicants.”

The claimants Babajide Bayode, Yemisi Adesote, Adeboyejo Oladimeji, Seun Aina, Yusuf Kadiri, Segun Alasan, Adetayo Familugba, and Lolade Olaribigbe, had through their counsel Mr Nwabu Okoye, filed the suit against Ecobank.

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They sued for themselves and as representatives of 1,733 other ex-employees of Oceanic Bank now Ecobank Nigeria Limited.

 

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Christmas: Otuaro Preaches Peace, Unity In N’Delta, Hails Tinubu’s Support For PAP

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The Administrator of the Presidential Amnesty Programme (PAP), Dr Dennis Otuaro, has extended warm Christmas greetings to the people of the Niger Delta, calling for renewed commitment to peace, unity and communal harmony as the region prepares to enter the New Year.

Otuaro, in a message issued by his Special Assistant on Media, Mr Igoniko Oduma, thanked stakeholders, traditional rulers, ex-agitators, youths and communities across the Niger Delta for their sustained support for the PAP and for the administration of President Bola Ahmed Tinubu.

He described peace and unity as the bedrock upon which sustainable development in the Niger Delta must continue to be built, urging the people to remain steadfast in protecting the hard-earned stability currently enjoyed in the region.

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“Peace and unity remain the strongest foundations for sustainable development. As a people, we must continue to reject violence and embrace dialogue, cooperation and mutual respect as we work collectively for the progress of our region.

READ ALSO:Otuaro Tasks Media On Objective Reportage

“I also express my profound appreciation to all stakeholders and the people of our region for your sustained support for the administration of His Excellency, President Bola Ahmed Tinubu, GCFR,” he said.

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Otuaro noted that the PAP recorded significant milestones in 2025, including improved welfare for beneficiaries, enhanced educational and vocational opportunities, and strengthened reintegration outcomes, all aimed at empowering Niger Delta youths to contribute meaningfully to society.

He attributed these achievements to the visionary leadership of President Tinubu and the institutional support of the Office of the National Security Adviser (ONSA), which provides strategic guidance for the effective implementation of the programme.

Reflecting on the meaning of Christmas, the PAP boss described it as a season that embodies love, sacrifice, compassion and reconciliation, values that resonate deeply with the communal culture and shared heritage of the Niger Delta people.

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READ ALSO:PAP Scholarship Scheme Vehicle For Better Future For Niger Delta —Otuaro

Christmas reminds us of the power of love, sacrifice and togetherness. These values align naturally with the communal spirit of the Niger Delta, where collective responsibility, mutual support and shared progress have always defined our identity,” he added.

He urged beneficiaries of the Programme and residents of the region to celebrate the season with moderation and a renewed sense of responsibility to their communities.

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Otuaro wished the people of the Niger Delta a Merry Christmas and expressed optimism that the New Year would usher in greater opportunities, peace and prosperity for the region and the nation at large.

As we step into the New Year, I am confident that with continued unity, peace and collaboration, the Niger Delta will record even greater progress. I wish our people a Merry Christmas and a Happy, Prosperous New Year,” the PAP Administrator stated.

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Okpebholo Slams ₦25bn Libel Suit On Edo PDP Chairman

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Governor Monday Okpebholo of Edo State has given Dr. Anthony Aziegbemi, a seven-day ultimatum to pay ₦25 billion in damages over alleged defamatory statements.

In a letter by the governor’s counsel, Ray Okezie, and addressed to Aziegbemi, the PDP State Chairmen was also requested to publish a public apology in three national dailies over the alleged defamatory statements.

Aziegbemi was said to have allegedly accused the governor of using thugs and non-state actors to carry out official duties.

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In the letter dated December 22, 2025, and titled ‘Demand for Damages and Apologies for Defamation of the Character of the Executive Governor of Edo State, Senator Monday Okpebholo,’ the PDP Chairman was said to have in a press statement of December 7, 2025 portrayed Okpebholo as an unintelligent, dishonest, and, lawless person.

“Accordingly, we have the instructions of our client to demand from you the sum of N25, 000,000,000.00 (Twenty Five Billion Naira only) being compensation for the damage you have inflicted on his reputation through your said press release.

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“The above stated sum must get to our client within seven (7) clear days from the date of this letter. In addition, you are required within seven (7) days to publish a retraction of the said press release in three (3) National Newspapers which must include the Guardian and the Vanguard newspapers,” the letter partly reads.

The governor’s counsel threatened to proceed on legal action in any Nigerian court should the PDP State Chairman fail to comply with the demands

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YULETIDE: UBTH CMD Charges Nigerians To Be Hopeful In Coming Year

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The Chief Medical Director of the University of Benin Teaching Hospital (UBTH), Prof. Idia Ize-Iyamu has urged Nigerians to remain optimistic about the upcoming year, despite current challenges.

Prof. Ize-Iyamu expressed optimism that the coming year would bring improvements for everyone.

The CMD made these remarks during the Nine Lessons and Carol night /End of Year Party organized by UBTH for staff and students held in Benin.

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Prof. Ize-Iyamu encouraged everyone to place their trust solely in Christ to overcome the numerous challenges facing the country.

READ ALSO:UBTH CMD Laments Inadequate Heath Workers, As Minister Promises Increased Funding

She expressed her gratitude to the hospital community for their support during her first four months in office.

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Prof. Ize-Iyamu assured them that the coming years hold many opportunities and that hope in Christ would transform lives daily, just as Christ’s birth brings joy and is the reason for the season.

She also extended her appreciation to everyone in the spirit of the season.

READ ALSO:UBTH Marks 2023 World Antimicrobial Resistance Awareness Week

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I want to appreciate everyone in the spirit of the season. Our commitment to excellence and professionalism remains at UBTH.

“UBTH CARES and just like Christ cares. As we celebrate Christ and the season. Let’s hope on him. When you have Christ, you have hope.We are hopeful that the coming year will be better as a people and institution,” Ize-Iyamu said.

The ceremony’s highlight featured a visit to the hospital wards where the CMD distributed gifts to patients and newborns, with management, staff, and students in attendance.

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