UGOCHUKWU ANTHONY OGAKWU, J.C.A. (Delivering the Leading Judgment): The Respondent was a Senior Executive with the Appellant Company. Upon his compulsory retirement by the Appellant, he instituted proceedings before the National Industrial Court of Nigeria in Suit No. NICN/LA/124/2014: Mr. Martin Nwabuwa v. John Holt Plc, contending that he was not paid his full entitlement consequent upon his compulsory retirement. He claimed the following reliefs:
1. AN ORDER directing the Defendant to pay to the Claimant the sum of ₦11,227,459.24 (Eleven Million, Two Hundred and Twenty-seven Thousand, Four Hundred and Fifty-nine Naira, Twenty-four Kobo) being the aggregation of the sums wrongly withheld from the Claimant since he prematurely retired from the employment of the Defendant on 16th October 2009.
b) AN ORDER directing the Defendant to pay interest on the said sum at the rate of 18% per annum from October 2009 until Judgment and thereafter at the rate of 15% per annum until the whole sum …