Premium Pension Limited is facing a major legal challenge as 70 dismissed workers take the company to court, accusing it of wrongful termination and withholding statutory benefits.
The former employees filed a suit at the National Industrial Court in Abuja, claiming they were dismissed without reason and in violation of their contractual rights. They allege that the firm acted “maliciously,” denying them gratuities, profit-sharing and other entitlements, which they say has caused serious financial hardship.
Four ex-staff members — Ibrahim Usman Raji, Emmanuel Folorunsho, Mustapha Saidu Sulaiman and Muhammed Baba Ibrahim — are pursuing the case on behalf of themselves and 60 others. They argue that valid employment contracts remained in force up to the point they were forced out, and are asking the court to rule their termination unlawful due to lack of notice or payment in lieu.
The lawsuit requests the court to order the company to pay all outstanding entitlements, including a three-month lump sum specified in dismissal letters, and exit gratuities previously approved by the company’s board.
A central allegation in the case is that the company issued termination letters dated 29 July 2025 but delivered them on 4 August, after staff had resumed work for the new month. The claimants argue that this manoeuvre robbed them of benefits due in August, including an annual education subsidy.
The suit also states that Premium Pension Limited has refused to release performance bonuses and profit shares, despite having paid similar packages to other past employees.
The group says their attempts to seek resolution through former board chairmen — Aliyu Abdurrahnan Dikko, Ibrahim Babayo and Yunusa Yakubu — were unsuccessful.
Premium Pension Limited has not publicly responded to the allegations. The court is expected to schedule hearings in due course.
