Connect with us

NEWS

Buhari, NNPCL to Appeal Judgment on Restoration of Ifeanyi Ararume

Published

on

Share

The Presidency says President Muhammadu Buhari has taken due notice of judgment by the Federal High Court, Abuja, restoring Sen. Ifeanyi Ararume as the non-executive Chairman of Nigeria National Petroleum Company Limited (NNPCL).

According to a statement by Mr Femi Adesina, the President’s spokesman, on Wednesday in Abuja, the Office of the Attorney General of the Federation /Minister for Justice is yet to receive a formal copy of the ruling,

He, however, maintained that the President had affirmed that due judicial process would be followed, and ”NNPCL has already taken steps to go on appeal

”The Administration respects the Rule of Law, and nothing will be done outside it to resolve the matter.

Adesina quoted the president as calling for calm from all sides involved.

Report says that a Federal High Court, Abuja, presided over by Justice Intang Ekwo had on Tuesday declared the sack of Ararume by the Federal Government as Non-Executive Chairman of the NNPCL as illegal and unlawful.

Delivering judgment in the matter, Ekwo, said that his removal was unconstitutional and as such the court restored him as the Non- Executive Chairman of the company with full benefits.

The judge also awarded N5 billion against the federal government and NNPCL in favour of Ararume as damages for what he suffered on account of the wrongful sack and disruption of his appointment.

Ekwo ordered that Ararume be immediately restored to office as non Executive Chairman of the NNPCL.

Ararume had dragged the federal government before the court, praying it to declare his removal as NNPCL chief illegal, unlawful and unconstitutional and a breach of the Companies and Allied Matters Act (CAMA) law under which NNPCL was incorporated.

Specifically, Ararume asked the court to issue an order returning him to office, Ararume also demanded N100 billion in damages. Issues he raised for determination included whether, in view of provisions of the Memorandum and Articles of Association of the NNPCL, CAMA, 2010 and the Petroleum Industry Act (PIA), 2021, the office of non-executive chairman was not governed and regulated by stated provisions of the law.

The suit, marked FHC/ABJ/CS/691/2022, was instituted on his behalf by a group of Senior Advocates of Nigeria (SANs), comprising Chief Chris Uche, Ahmed Raji, Mahmud Magaji, Ogwu James Onoja, K.C Nwufor and Gordy Uche.

Among others, the plaintiff wanted the court to determine whether by interpretation of Section 63 (3) of the PIA, the President could lawfully remove him as non-executive chairman of the NNPCL for any reason outside the provisions of the law.

Besides, Ararume prayed the court to determine whether Buhari can sack him without compliance with expressly stated provisions of the Articles of Memorandum of Association of the Company, Section 63 (3) of the PIA Act, 2021 and Section 288 of the CAMA Act, 2020 (NAN)

Foreign News

NiDO-Worldwide Appoints New Coordinating Chairman

Published

on

Share

 The Nigerians in Diaspora Organisation (NiDO)-Worldwide has appointed Mr Chibuzo Ubochi, as its new Coordinating Chairman of NIDO-Europe.

Ubochi succeeds Dr Victor Ubani, the Chairman of NIDO Americas and outgoing coordinating chairman of NiDO-Worldwide.

Ubani disclosed this in a statement issued on Tuesday, against backdrop of the end of his tenure as coordinating chairman and inauguration of Ubochi’s tenure as the new chairman of the organisation.

He congratulated Ubochi over his recent electoral victory where he emerged chairman of the organisation, saying it was a closely contested NIDO-Europe election against Dr Johnson Odibo.

According to him, the process which was conducted with robust participation, ushered in a new era for NIDO-Europe.

Ubani said: “It is one marked by renewed strength, unity and purpose. I write in my capacity as the outgoing Coordinating Chairman of NIDO-Worldwide, having had the honour of serving in this rotational role on behalf of the Americas.

“I am deeply grateful for the cooperation and commitment demonstrated by our continental bodies throughout my tenure.

“Together, we pursued the vision of a more effective, united and relevant NIDO across all regions. I believe we made notable progress in advancing our collective mandates.

“As is the custom within our global structure, which comprises five continental bodies, I will now be handing over the rotational leadership of the Coordinating Chairmanship to the current Chairman of NIDO Europe, Sir Chibuzo Ubochi”.

Ubani explained that he had observed Ubochi’s leadership as Chairman of NIDO UK South and his previous tenure as Legal Adviser to the NIDO-Worldwide Coordinating Platform, to express confidence in the latter’s ability to lead the organisation.

“I am confident in his capacity to fulfill this responsibility with vision, integrity and diplomatic skill.

“He is well acquainted with the complexities of our global structure and is well-positioned to continue strengthening and advancing a more focused and impactful NIDO Worldwide.

“As he assumes this role, I urge all continental chairs, executives and members to extend the same cooperation and collegiality accorded me to him.

“The task ahead requires a united front, focused energy and shared commitment free from unnecessary distractions and geared solely toward the progress of our global diaspora, and the development of our homeland,” he said. (NAN) 

Continue Reading

NEWS

Man Docked over Alleged Stealing of Excavator Worth N25 Million

Published

on

Share

A 33-year old man, Alaba Oladepo, was on Tuesday, arraigned before an Iyaganku Chief Magistrates’ Court, over alleged stealing of a Caterpillar excavator valued N25 million.Oladepo, whose address was not given, is being charged with conspiracy and stealing, to which he pleaded not guilty.

The Prosecutor, Insp Sikiru Opaleye, told the court that the defendant committed the offence in Nov.
2024, at the Moniya area of Ibadan.
Opaleye said that Oladepo stole a D8 Caterpillar excavator valued N25 million, belonging to Olumide Bamidele.The prosecutor said that the offence contravened Section 383 and 390(9) of the Criminal Code Laws of Oyo State, 2000.The Chief Magistrate, Mrs Olabisi Ogunkanmi, admitted the defendant to bail in the sum of N10 million, with two sureties in like sum.
Ogunkanmi said that one of the sureties must be a landed property owner, and that the other must be a blood relation of the defendant.She adjourned the matter to Sept. 2, for hearing.(NAN)

Continue Reading

NEWS

Zelensky Wants Pressure on Russia after New Wave of Air Attacks

Published

on

Share

Ukrainian President Volodymyr Zelensky is calling for more international pressure to be placed on Moscow following another night of heavy Russian air attacks on the Ukrainian capital.“Today is one of the largest attacks on Kiev. Odesa, Dnipro region, and Chernihiv region were also targeted,’’ he wrote on the X platform.

These airstrikes had drowned out all efforts by the U.
S.
and other countries to achieve peace, he said.Zelensky called on the U.S., Europe “and others around the world who called for an end to the war’’ to take action.The response to such Russian attacks must not be silence, he said.There were fires in the capital with a number of buildings destroyed, and there were several injuries, he said.
The port city of Odessa was also hit hard, with two people killed and at least 10 others were injured after a drone strike, Mayor Gennadiy Trukhanov wrote on Telegram.The Ukrainian Air Force says Russia attacked its neighbour with 315 drones and drone dummies, two North Korean ballistic missiles and five cruise missiles.It said that 284 targets were destroyed, including all missiles and cruise missiles.In the Russian border region of Belgorod, a woman was killed in a Ukrainian drone attack, according to Governor Vyacheslav Gladkov.There were also reports of injuries.The Russian Defence Ministry reported that 102 Ukrainian drones were shot down over several Russian territories and the Black Sea peninsula of Crimea, which was annexed in 2014.The information provided by the warring parties cannot be independently verified.According to Russian media reports, one of the targets was a drone factory near the city of Yelabuga in the republic of Tatarstan.Russia’s aviation authority placed temporary restrictions on take-offs and landings at 13 airports during Monday night and Tuesday morning, including the airports of Moscow and St. Petersburg. (dpa/NAN)

Continue Reading

Read Our ePaper

Top Stories

General News16 hours ago

Presidential Adviser Presents Houses to Winners of Abibat Mogaji Qur’anic contest

ShareThe Qur’an recitation competition held in honor of the late Abibatu Mogaji Tinubu, mother of President Bola Tinubu, has officially...

POLITICS16 hours ago

26 years of Democracy: Many Governors have Failed Nigerians – Ex-VON DG

Share A former Director-General of Voice of Nigeria (VON), Mr. Osita Okechukwu, says majority of the governors have failed woefully in...

Science & Tech16 hours ago

Nigeria, Meta launch AI accelerator programme

Share The Ministry of Communications, Innovation and Digital Economy has partnered with Meta to launch the Llama Impact Accelerator, promoting impactful...

Foreign News16 hours ago

NiDO-Worldwide Appoints New Coordinating Chairman

Share The Nigerians in Diaspora Organisation (NiDO)-Worldwide has appointed Mr Chibuzo Ubochi, as its new Coordinating Chairman of NIDO-Europe. Ubochi succeeds...

CRIME17 hours ago

Court Remands 3 men for Alleged Defilement of 16-year-old Girl

Share An Ikeja Sexual Offences and Domestic Violence Court on Tuesday remanded three men at the Ikoyi Custodial Centre for allegedly...

Science & Tech17 hours ago

NCC Donates Digital ICT Park to University of Ibadan

Share The Nigerian Communications Commission (NCC), on Tuesday inaugurated an ultra-modern digital ICT park donated by the commission to the...

Economy17 hours ago

World Bank Cuts Global Growth Forecast to 2.3% for 2025

Share Global economic growth is projected to slow to 2.3 per cent in 2025 due to mounting trade tensions and persistent...

NEWS17 hours ago

Man Docked over Alleged Stealing of Excavator Worth N25 Million

Share A 33-year old man, Alaba Oladepo, was on Tuesday, arraigned before an Iyaganku Chief Magistrates’ Court, over alleged stealing...

Entertainment/Arts/Culture17 hours ago

Anti-fake News App ‘iShot-It’ Unveiled in FCT

Share ‘iShot-It App’, a  mobile application to combat the spread of fake news and  misleading information, has been launched in the...

NEWS17 hours ago

Zelensky Wants Pressure on Russia after New Wave of Air Attacks

ShareUkrainian President Volodymyr Zelensky is calling for more international pressure to be placed on Moscow following another night of heavy...

Copyright © 2021 Daily Asset Limited | Powered by ObajeSoft Inc