[BREAKING] NNPCL: Court reverses Ararume sacking, awards N5bn damages against Buhari

The Federal High Court, Abuja, on Tuesday, restored Senator Ifeanyi Ararume as the non-executive Chairman of the Nigeria National Petroleum Company Limited.

Delivering judgement, Justice Inyang Ekwo voided Arume’s sacking and awarded N5bn as damages against Buhari and the NNPCL, to be paid for the disruption of Arume’s appointment on the ground that the action of the President was arbitrary, unlawful and illegal.

The justice ordered that Ararume be immediately restored to office as the non-executive chairman of the NNPCL. The judge also declared as null and void all decisions of the Board of Directors of the NNPCL carried out in the absence of Ararume. Justice Ekwo held that Buhari acted ultra vires, wrongful, illegal, null and void in the ways and manners Ararume was sacked after using his name to register the NNPCL and that such an act could not stand in the face of the law.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

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