#NNPCL

Court invalidates judgement invalidating Ararume’s sack, revokes N5bn damages against NNPC

Court invalidates judgement invalidating Ararume’s sack, revokes N5bn damages against NNPC

Court invalidates judgement invalidating Ararume’s sack, revokes N5bn damages against NNPC An Appeal court sitting in Abuja has invalidated the judgement voiding the sackof a former Senator representing Imo North (Okigwe) Senatorial District of Imo State, and cancelled the N5bn damages against NNPC. The Appeal court ruled in favour of the Nigerian National Petroleum Company (NNPC) Limited, upholding the firm’s appeal against a judgement that annulled Ifeanyi Araraume’s removal as non-executive chairman of its board. Earlier, the judgement delivered by a federal high court, earlier had nullified the removal of former Senator Ifeanyi Ararume and awarded a whopping sum of…
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JUST IN: Finally, NNPCL GCEO appears before senate, gets 3-week ultimatum to explain N210trn ‘inconsistency’

JUST IN: Finally, NNPCL GCEO appears before senate, gets 3-week ultimatum to explain N210trn ‘inconsistency’

JUST IN: Finally, NNPCL GCEO appears before senate, gets 3-week ultimatum to explain N210trn ‘inconsistency’ NNPC says its profit increased by 40% to N1.05trn in month of May. The senate committee on public accounts has given the management Nigerian National Petroleum Company Limited (NNPCL) three weeks to respond to queries raised in audit reports covering 2017 to 2023 over unaccounted funds totalling N210 trillion. Ahmed Wadada, chairman of the committee, issued the directive on Tuesday during a session with Bayo Ojulari, the group chief executive officer (GCEO) of the NNPCL. Wadada clarified that the amount was not considered missing or…
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