Former chairman, Senate Committee on Local and Foreign Debts, Ifeanyi Ararume, has slammed a N100 billion suit on President, Muhammadu Buhari at a Federal High Court in Abuja over alleged unlawful removal of his name as a non-Executive Chairman of the newly Incorporated Nigeria National Petroleum Company.
He is demanding such claims from the Federal Government as damages that caused him in the alleged unlawful and unconstitutional ways and manners he was removed as the NNPC chief after using his name to incorporate the entity.
The suit marked FHC/ABJ/CS/691/2022 and obtained by journalists on Wednesday was instituted on his behalf by seven Senior Advocates of Nigeria comprising Chief Chris Uche, Ahmed Raji, Mahmud Magaji, Ogwu James Onoja, K.C Nwufor and Gordy Uche.
Araraume, in the suit, formulated four issues for determination by the court among which was whether, in view of the provisions of the Memorandum and Articles of Association of the NNPC, Companies and Allied Matters Act 2010 and the Petroleum Industry Act 2021, the office of the non-Executive Chairman is not governed and regulated by the stated provisions of the law.
He was also asking the court to determine whether, by the interpretation of section 63 (3) of the Petroleum Industry Act 2021, the President can lawfully remove him as non-Executive Chairman of the NNPC for any reason outside the provisions of the law.
The Imo State-born politician also wants 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.
He requested for N100 billion as damages for the wrongful removal, disruption and interruption of his term of office as non-Executive Chairman of the NNPC.