Court Declares UBA Mass Sacking Wrongful, Orders Bank to Repay Staff Loans Through Insurance Proceeds

The National Industrial Court in Lagos has ruled that United Bank for Africa (UBA) wrongfully and constructively dismissed several former employees, ordering the bank to use insurance proceeds attached to their personal loans to clear outstanding debts. While the court dismissed claims of exploitative lending and large damages, it faulted UBA’s handling of the exits, directed the bank to issue work references to affected staff, and awarded ₦750,000 in legal costs against UBA, marking a significant judgment on labour rights and corporate responsibility.