Trending

Friday 31st October, 2025

Business

Court Nullifies Ararume’s Removal As NNPC Exec. Chairman

Posted by: Quickresponse | April 18, 2023

Senator Ifeanyi Ararume

Senator Ifeanyi Ararume



Federal High Court in Abuja has nullified the removal of Senator Ifeanyi Ararume as a non-executive Chairman of the newly Incorporated Nigeria National Petroleum Company, (NNPC).

Justice Inyang Ekwo in his judgment ordered that the sum of 5 billion Naira be awarded to Ararume for damages incurred as a result of his removal from office.


The court also ordered that Ararume be reinstated as non-executive chairman of the NNPC, with all rights and privileges due him

The court however set aside all decisions made by the board after the removal of Ararume as the non executive chairman since January 2022 till date
( AIT)
Advertisement

Headline News in Business

Other News in Business

15% fuel import tariff will worsen hardship, says Delta APC chieftain

15% fuel import tariff will worsen hardship, says Delta APC chieftain

A chieftain of the All Progressives Congress in Delta State, Chief Ayiri Emami, has faulted Presid…

Foreign Investment: Bayelsa, CCECC Partner on Road, Agric, Mass Housing Projects

Foreign Investment: Bayelsa, CCECC Partner on Road, Agric, Mass Housing Projects

Bayelsa State’s drive to grow its economy through foreign investment got another boost at the wee…

. "Delta Governor Oborevwori Heads to Germany for Key Talks with Julius Berger"

. "Delta Governor Oborevwori Heads to Germany for Key Talks with Julius Berger"

Delta State Governor, Rt. Hon. Sheriff Oborevwori, will on Tuesday depart for Germany on an offici…