Sterling Bank In Trouble, As Widowed Mother of Four Takes Bank To Court Over 10 Years Unremitted Pension


…left in the cold after sack in 2011

The last may not have been heard about the issue of pension and entitlements raised by Madam Oyesola Ogunleye, mother of four and an Ex-staff against Sterling Bank of Nigeria.

Here is the full information and exactly what transpired between the mother of four who felt cheated and the Bank.

From a reliable source, she was employed on August 1998 into the defunct Magnum Trust Bank Ltd and was given an appointment letter as a full staff of the bank. But due to the CBN rules and prescription for those banks that were financially weak, in January 2006, NAL Bank completed a merger with four other Nigerian Banks namely; Magnum Trust Bank, NBM, Trust Bank of Africa and Indo-Nigeria Merchant Bank (INMB).

The merged entities have successfully integrated and started operating as a consolidated group with the name Sterling Bank. This led to the transferring of her employment to the Sterling Bank PLC without payment of any form of benefits.

She was advised through a letter that her employment had been transferred to Sterling Bank PLC.

After some years, her employment was terminated in 2011 and the bank failed to pay her accurate benefit. This included the remmited pension deduted from her salary from 1998 to Dec 2005.

Meanwhile, there was no records for the said pension deduction from 2006 till 2011. It is revealed that the bank traded with the pension remiitted after 10years,9yrs,5yrs etc which was stated in the statement of her account as an evidence.

For full details please visit: http://www.dailyrecordng.com/sterling-bank-in-trouble-as-widowed-mother-of-four-takes-bank-to-court-over-10-years-unremitted-pension/