NNPCL: COURT OVERTURNS ARARUME’S REMOVAL AS CHAIRMAN, AWARDS N5bn IN DAMAGES
The Federal High Court, Abuja on Tuesday has declared the sacking of Ifeanyi Ararume as Non-Executive Chairman of the Nigeria National Petroleum Company Limited (NNPCL) as illegal and unlawful.
In his judgment, judge Inyang Ekwo said that Ararume’s removal was unconstitutional and as such, the court restored him as the Non- Executive Chairman of the national oil company with full benefits.
The judge also annaulled every decision taken by the board that was appointed after Mr Ararume’s removal.
Ekwo awarded N5 billion as damages in favour of Ararume.
It was reported that Mr Ararume sued the Federal Government, praying the court to declare his sack as NNPC board chairman illegal, unlawful and unconstitutional.
He contended that his removal by vide letter Jan. 17, 2022 with reference number SGF. 3V111/86 was a violation of the CAMA law under which NNPCL was incorporated.
Apart from asking the court to issue an order to return him to office, Ararume also demanded for N100 billion as compensation for the damages he suffered following the unlawful removal.
It was also reported that Mr Ararume, who was appointed to the position in September 2021, was removed shortly before the inauguration of the board of the company in January 2022.
More Stories
ELECTRICITY TARIFF: SENATE TEMPORARILY STEPS DOWN ADOPTION OF REPORT DEMANDING SUSPENSION OF IMPLEMENTATION
A report that asked the National Electricity Regulatory Commission (NERC) to halt the multi-year tariff order (MYTO), 2024—which authorised a...
PSA UNVEILS ADDITIONAL PAYMENT CHANNEL FOR NPFL LIVE SUBSCRIBERS
Propel Sports Africa (PSA) has unveiled an additional subscription payment method for NPFL Live Users looking to subscribe and watch...
FIFA URGES LEAGUES TO MANDATE RACIST ABUSE AS AN OFFENCE
FIFA will urge all 211 national federations to mandate racist abuse in football as a disciplinary offence. The sport's world...
SENATE PASSES ESTABLISHMENT OF NORTH-WEST DEVELOPMENT COMMISSION’S BILL
The North West Development Commission law, which aims to solve the issues affecting the seven states in the geographical zone,...
NNL WARNS CLUBS AGAINST REGISTERING NEW PLAYERS FOR SUPER EIGHT PLAYOFF
The Nigeria National League has issued a stern warning to club’s against registering new players for the Super Eight playoff...
(PHOTOS): POLICE ARREST THREE SUSPECTED KIDNAPPERS, CULTIST, OTHERS IN DELTA
Five suspects in robbery, cultism, and kidnapping have been taken into custody by the Delta State Police Command. This was...