Download PDF
IN THE NATIONAL INDUSTRIAL COURT HOLDEN AT LAGOS SUIT NO. NIC/32/2007 IN THE MATTER OF WORKMEN’S COMPENSATION RULES OF COURT IN THE MATTER OF AN APPLICATION BETWEEN MRS. AGNESS. NJOKU - APPLICANT AND FIRST CITY MONUMENT BANK PLC - RESPONDENT TERMS OF SETTLEMENT The parties in this suit have agreed to settle this matter amicably subject to the following terms. 1. The Respondent shall pay to the Applicant the sum of =N=325,000.00 (Three hundred and twenty five thousand Naira) in full and final settlement of the claims of the Applicant in this suit and all matters relating thereto. 2. It was also agreed that the draft in the sum of =N=325,000.00 (Three hundred and twenty five thousand naira only) be issued by the Respondent in favour of Messrs Chiwendu & Chikwendu & Associates being solicitors to the Applicant since the Applicant does not operate any bank account and no means of identification to collect the said sum of the Applicant. 3. In compliance thereof, the Respondent has issued First City Monument Bank Draft NO 00700615 dated 24th November, 2008 in the sum of =N=325,000.00 (Three hundred and twenty five thousand naira) a copy of which is attached to this instrument in full and final settlement of the claims of the Applicant in this suit and all matters relating thereto. 4. The above payment is made without any acceptance of liability on the part of the Respondent. 5. The parties shall bear their respective cost of this suit. 6. The above shall be entered as the judgment of this Honourable Court in this suit. Dated 28th day of January 2009 ------------------------------- ------------------------------ Applicant Respondent Representative ------------------------------- ------------------------------ Applicant’s Counsel Respondent’s Counsel