Sen. Ifeanyi Ararume’s removal as non-executive chairman of the Nigeria National Petroleum Company Limited (NNPCL) has been ruled illegal and illegitimate by the Federal High Court in Abuja.
His expulsion was unlawful, according to Justice Inyang Ekwo, who delivered the ruling in the case on Tuesday. As a result, the court reinstated him as the Non-Executive Chairman of the firm with all privileges.
Every decision made by the board that was established after Ararume was removed was likewise overturned by the judge, and Justice Ekwo granted N5 billion in damages in Ararume’s favor.
As you may recall, Ararume sued the Federal Government, requesting that the court rule that his removal as the chairman of the NNPC board was illegitimate, unlawful, and unconstitutional.
He argued that the CAMA statute, under which NNPCL was incorporated, was broken by his expulsion by letter dated January 17, 2022, with reference number SGF. 3V111/86.
Ararume also requested N100 billion as compensation for the damages he sustained as a result of the wrongful removal from office in addition to requesting the court to issue an order restoring him to his position.