N5bn Damage: NNPCL Secures Appeal Court Victory Against Ararume

N5bn damage: NNPCL secures Appeal Court victory against Ararume

The Nigerian National Petroleum Company Limited has announced that it has secured an Appeal Court judgement that upheld the state-owned oil firm's appeal

NNPCL secures landmark court victory, avoids ₦5 billion damages - THE AUTHORITY NEWS

By Stella Odueme The Court of Appeal, Abuja Division, upheld NNPC Ltd.’s appealagainst the Federal High Court’s April 2023 judgement that annulled Senator IfeanyiAraraume’s removal as non-executive Chairman of the NNPC Board and awarded him₦5 billion in damages. The Court of Appeal’s judgement spares NNPC Ltd a massive financial payout andremoves a legal risk that could have invalidated all decisions of the Board since 2021. The Appeal Court agr…

NNPCL Wins Appeal, Escapes ₦5 Billion Damages Payout

By Tracy Moses The Nigerian National Petroleum Company (NNPC) Limited has secured a significant legal victory after the Court of Appeal in Abuja, on August 8, 2025, overturned an earlier judgment against it. The appellate court nullified the April 2023 decision of the Federal High Court, which had invalidated the removal of Senator Ifeanyi Araraume as Non-Executive Chairman of the NNPC Board and ordered the company to pay him ₦5 billion in damag…

NNPCL Triumphs Over Ararume in Appeal, Escapes ₦5bn Damages Payout - TV360 Nigeria

The Nigerian National Petroleum Company Limited (NNPCL) has scored a major legal win, overturning a court decision that had earlier ordered it to pay ₦5 billion in damages to former federal lawmaker and businessman, Senator Ifeanyi Ararume. In a statement released on Wednesday, the state-owned oil giant confirmed that on August 8, 2025, the Court …

NNPC celebrates landmark court case win, avoids paying N5bn damages to top politician

The Nigerian National Petroleum Company (NNPC) Limited celebrated winning what it called a landmark court case win against its ex-chairman and void N5bn damages.

Appeal Court Frees NNPC of N5bn Damages Payment to Ararume

By Modupe Gbadeyanka The judgment of the Federal High Court sitting in Abuja mandating the Nigerian National Petroleum Company (NNPC) Limited to pay its former board chairman, Mr Ifeanyi Ararume, the sum of N5 billion as damages has been upturned by the Abuja Division of the Court of Appeal. The former lawmaker secured the judgment […]