Afrigather The listening to on the wrongful termination go well with introduced towards the Nigeria Inter-Bank Settlement System (NIBSS), by its former Chief Threat Officer, Temidayo Adekanye, will start on November 25 on the Nationwide Industrial Courtroom in Lagos.
In March 2024, Adekanye sued NIBSS for wrongful termination after he shared inner issues about “severe monetary misappropriation, company governance, and fraud” on the company. He alleged fraudulent exercise linked to Afrigo, a home card scheme launched in 2023, and NQR, a platform for QR-code funds. He additionally raised comparable issues a couple of cloud migration undertaking.
“This matter is pre-listed earlier than me right now and adjourned to November 25, 2024, for a particular listening to. The defendant is at liberty to file his reply to the claimant’s assertion of declare,” the presiding decide, Hon. Justice Ubaka, mentioned on Monday.
Whereas the courtroom will decide the validity of the claims, these allegations have raised severe questions concerning the integrity of Nigeria’s monetary system.
The ex-NIBSS government is asking the courtroom to award damages of 1 billion naira for wrongful termination and breach of contract. He additionally requested for ₦250 million in particular and normal damages, ₦150 million in compensation for infringement of his basic rights, and ₦10 million as the price of authorized proceedings.
Another choice will likely be for the NIBSS to “pay him the total quantity of salaries, allowances, and different emoluments that he would have earned on the unexpired remaining years upon attainment of 60 years.” He additionally prayed the courtroom to mandate NIBSS pay him 2% of its revenue earlier than tax declared for 2023 and “different entitlements relevant to the claimant within the circumstances.”
