Senator Ifeanyi Ararume on Thursday commenced legal action challenging what he described as his unlawful removal as a Non-Executive Chairman of the newly Incorporated Nigeria National Petroleum Company .
Amongst others, the plaintiff wants the court to determine whether by the interpretation of section 63 of the Petroleum Industry Act 2021, the president can lawfully remove him as the non-executive chairman of the NNPC for any reason outside the provisions of the law. “A declaration that by the provisions of section 63 of the PIA Act, CAMA Act and Memorandum of Association of the NNPC, the president cannot by will remove him from office as non-executive chairman without following due process of the law,” he urged.
In a 75-paragraph affidavit in support of the suit, Ararume averred that upon the passage of the Petroleum Industry Act 2021, the former Nigeria National Petroleum Corporation and its subsidiaries were unbundled to become Nigeria National Petroleum Company registered with the Corporate Affairs Commission with number 1843987.
Source: Law Daily Report (lawdailyreport.net)
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