The President, Major General Muhammadu Buhari (retd.), on Wednesday, sued for calm from all parties involved in the board chairmanship tussle of the Nigerian National Petroleum Company Limited, saying that due judicial process would take its course.
This comes barely 24 hours after a Federal High Court, Abuja, restored Senator Ifeanyi Ararume as the non-executive Chairman of the NNPCL.
The court set aside his removal by the President, which happened on January 17, 2023 and granted awarded N5bn damages against Buhari.
Ararume had sued Buhari to court praying it to declare his removal as the NNPCL chief 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 office and also demanded N100bn as compensation for the damages he suffered nationally and internationally.
But reacting to the development, the President said, “The administration respects the Rule of Law, and nothing will be done outside it to resolve the matter,” according to a statement signed by his spokesman, Femi Adesina, on Wednesday.
Details later…
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