A Federal High Court in Abuja has restored Senator Ifeanyi Ararume as non Executive Chairman of the Nigeria National Petroleum Company Limited, NNPCL .
The Court on Tuesday, voided the sack of the business man and set aside the removal done on January 17, 2023 by President Muhammadu Buhari on the ground that the action of the President was arbitrary, unlawful and illegal.
Justice Inyang Edem Ekwo in a judgment in a suit by Ararume awarded N5Bn against President Buhari and NNPCL to be paid to Ararume as damages for the wrongful sack and disruption of his appointment.
Justice Ekwo ordered that Ararume be immediately restored to office as 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 President Buhari acted ultra vires and in a wrongful manner in the way Ararume was sacked after using his name to register NNPCL and that such brazen act cannot stand in the face of the law.
Ararume had dragged President Buhari before the Court, praying it to declare his removal as NNPC Chief illegal, unlawful and unconstitutional and that it is a total breach of Companies and Allied Matters Act CAMA law under which NNPCL was incorporated.
Apart from asking the court to issue an order to return him to office, Ararume also demanded N100 billion as compensation for the damages he suffered nationally and internationally in the unlawful way and manner his removal was carried out by President Buhari.
