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BREAKING: Court Fines Buhari, NNPCL N5 Billion For Unlawful Removal Of Araraume As NNPCL Chairman

An Abuja high court has restored Senator Ifeanyi Araraume as the non Executive chairman of the Nigeria National Petroleum Corporation Limited. NNPCL.

The court declared the action of President Muhammadu Buhari in sacking Araraume in January 2023 as arbitrary and awarded five billion naira (N5bn) cost against the President and NNPCL.

Ararume had dragged Buhari before the court praying it to declare his removal as the NNPCL chief illegal, unlawful and unconstitutional and that it was a total breach of CAMA law under which the NNPCL was incorporated.

Furthermore, he prayed the court to issue an order to return him to office and also demanded N100 billion as compensation for the damages he suffered nationally and internationally.

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.

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