Home » BREAKING: Court reinstates Araraume as NNPC chairman

BREAKING: Court reinstates Araraume as NNPC chairman

by OkeomaNews

Senator Ifeanyi Araraume has been reinstated as the Non- Executive Chairman of the Nigeria National Petroleum Company Limited by a High Court in Abuja.

In its judgement, the court nullified Araraume’s sack by the President Muhammadu Buhari.

The Court described Buhari’s action as arbitrary unlawful and illegal.

The presiding justice, Inyang Ekwo, awarded N5bn against Buhari and the NNPCL to be paid to Araraume as damages for his wrongful sack and disruption of his appointment.

The justice also ordered that the former senator be immediately allowed to resume office as the Non – Executive Chairman of NNPCL.

The jurist said that all decisions taken by the Board Of Directors in Araraume’s absence were null and void.

“Buhari acted ultra vires, wrongful, illegal, null and void in the ways and manners Araraume was sacked after using his name to register NNPCL and that such a brazen act cannot stand in the face of the law. The judge summed up.

Recall that the plaintiff had dragged Buhari before the Court praying it to declare his removal as NNPC Chief illegal, unlawful and unconstitutional and that it is a total breach of 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 nationally and internationally in the unlawful way and manner his removal was carried out by President Buhari.

You may also like

Leave a Comment