Court overturns Ifeanyi Ararume’s removal as NNPCL chair, awards N5bn damages

The court ordered the reinstatement of Ifeanyi Ararume as the non-executive chair of NNPCL, and awarded N5 billion damages in his favour.

The Federal High Court, Abuja has declared the sacking of Ifeanyi Ararume as Non-Executive Chairman of the Nigeria National Petroleum Company Limited as illegal and unlawful.

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. The new board was initially scheduled to be inaugurated by President Buhari on 24 November 2021, but was suspended indefinitely without any reason offered on the eve of the scheduled event.

Having been appointed, Mr Ararume said, inauguration was “merely a ceremonial event” with no legal effect on his status and that of the other directors.

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