ESO, J.S.C. (Presiding and Delivering the Leading Judgment): For a proper appreciation of the issues involved in this appeal, I would like to state the facts, as they are relevant to those issues.
The Plaintiff, Abate Fantaye, who is the Respondent in this appeal, and who hereinafter, in this judgment, would be referred to as the Respondent, took a writ in the High Court of Lagos State against the African Reinsurance Corporation who would be referred to as the Appellants hereinafter in this judgment, claiming for wrongful termination of his appointment. He claimed special damages as follows:
Claim in U.S. Dollars
(a) (i) Basic Salary at U.S. $2532.08 x 22 months U.S. $55,705.83
(ii) C.O.L. at 32% basic salary 17,825.87
(iii) Family Allowance $50 x 22 months 1,100.00
(iv) Education grant for 1 daughter $600 x 2yrs 1,200.00
$75,831.70
(b) Accumulated Terminal Benefits
At the rate of one month's salary for every year of service or part thereof based on the last month's salary from 1st Oc…