JUST IN: Court Reinstates Ararume as NNPCL Non-Executive Chairman

Ifeanyi Ararume has been reinstated as the non-executive Chairman of the Nigerian National Petroleum Corporation Limited (NNPCL) by Justice Inyang Ekwo of the Federal High Court in Abuja.

The judge also nullified and set aside all decisions and resolutions of the NNPCL Board made in Ararume’s absence from January 17, 2022 to the present.

The court also awarded Ararume 5 billion naira in damages for his wrongful removal and interruption of his term of office as non-executive chairman of the NNPCL.