The Federal High Court, Abuja has restored Senator Ifeanyi Ararume as the non-executive Chairman of the Nigeria National Petroleum Company Limited.
The court on Tuesday, set aside his removal by the President, Major General Muhammadu Buhari (retd.), which happened on January 17, 2023.
Recall that Ararume had dragged Buhari before the court praying it to declare his removal as the NNPCL chief is 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 the office and also demanded N100 billion as compensation for the damages he suffered nationally and internationally.
Delivering judgment, 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.