Business
NNPCL: Court overrules Buhari over Ararume’s sack
The Federal High Court, Abuja has declared the sack of Sen. Ifeanyi Ararume as Non-Executive Chairman of the Nigeria National Petroleum Company Limited (NNPCL) as illegal and unlawful.
Delivering judgment in the matter on Tuesday, Justice Inyang Ekwo said that his removal was unconstitutional and as such the court restored him as the Non- Executive Chairman of the company with full benefits.
The judge also set aside every decision taken by the board that was appointed after Ararume’s removal.
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Justice Ekwo awarded N5 billion as damages in favour of Ararume.
It was reported that 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 video 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 N100 billion as compensation for the damages he suffered following the unlawful removal.
