ECOBANK NIGERIA PLC V. MR. IKWUAGWU KALU

SIDI DAUDA BAGE, J.C.A.: (Delivering the leading judgment): The Claimant/Respondent (Respondent) commenced this action by way writ of summons dated May 11, 2009 at the High Court of Lagos State, praying in the main for:

i. "The sum of N25,079,498.81 (Twenty-Five Million, Seventy-Nine Thousand, Four Hundred and Ninety Eight Naira, Eighty-One Kobo) being the terminal benefits due to the Claimant from the Defendant consisting of gratuity, redundancy and pensions contributions in keeping with the terms and conditions of the Claimant's employment with the Defendant;

ii. Interest on the said sum of N25,079,498.81 (Twenty Five Million, Seventy-Nine Thousand, Four Hundred and Ninety-Eight Naira, Eighty-One Kobo) at the rate of 15% per annum from 8th April, 2004 until final judgment; and

iii. Cost of this suit."

(the statement of claim is on pages 3 to 15 of the record of appeal.)

The Defendant/Appellant (the Appellant) filed its statement of defence on June 11, 20-09. (The statement of defen…