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Ifeanyi Ararume drags Buhari to court for alleged ‘wrongful removal’ as NNPC board chairman

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A former senator representing Imo north, Ifeanyi Ararume, has dragged President Muhammadu Buhari to court for allegedly removing him wrongfully as board chairman of the Nigerian National Petroleum Company (NNPC) Limited.

Buhari had appointed him as board chairman of the corporation in September 2021 but he was replaced with Margaret Chuba Okadigbo in January.

Margaret is the widow of the late Chub Okadigbo, a former president of the senate.

In the suit marked FHC/ABJ/CS/1621/2022 and filed at the Abuja federal high court, Araraume is seeking to be reinstated as the board chairman and be paid N100 billion in damages.

In the suit, the former senator asked the court to determine the following questions;

“Whether by a proper construction and interpretation by this Honourable Court of the provisions of the memorandum and Articles of Association of the 2nd defendant, the Companies and Allied matters Act, 2020 and the Petroleum Industry Act 2021, the office and position of the plaintiff as non-executive chairman of the 2nd defendant are not exclusively governed and regulated by the Companies and Allied matters Act, 2020, the Petroleum Industry Act, 2021 and the Memorandum and Articles of Association of the 2nd defendant.

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“Whether by a proper construction and interpretation of the provisions of Section 63(3) of the Petroleum Industry Act, 2021, the 1st defendant can lawfully remove the plaintiff as the non-executive chairman of the 2nd defendant for any reason(s) outside the conditions specifically listed in the said Section 63(3) of the Petroleum Industry Act, 2021.

“Whether the plaintiff as the non-executive chairman of the 2nd defendant for a fixed term of 5 (five) years with effect from the 21st Day of September 2021, can be lawfully removed from office by the 1st defendant at will and without compliance with the strict provisions of Articles 21.3, 21.4, and 24 of the memorandum and Articles of Association of the 2nd defendant, Section 63(3) of the Petroleum Industry Act, 2021 and Section 288 of the Companies and Allied Matters Act, 2020.

“Whether the purported removal of the plaintiff as a non-executive chairman of the 2nd defendant vide the letter dated the 17th Day of January, 2022 without compliance with the strict provisions of Articles 21.3, 21.4 and 24 of the Memorandum and Articles of Association of the 2nd defendant, Section 63(3) of the Petroleum Industry Act, 2021 and Section 288 of the Companies and Allied Matters Act, 2020 is not wrongful, illegal, null and void and of no legal consequence whatsoever.”

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The former senator sought the following reliefs;

“A declaration of this Honourable Court that by the provisions of Section 63(3) of the Petroleum Industry Act, 2021, the 1st defendant cannot lawfully remove the plaintiff as the non-executive chairman of the 2nd defendant for any reason(s) whatsoever outside the conditions specifically listed in the said Section 63(3) of the Petroleum Industry Act, 2021.

“An order of this Honourable Court setting aside the removal of the plaintiff as the non-executive chairman of the 2nd defendant vide the 1st defendant’s letter dated the 17th Day of January, 2022 with reference no: SGF.3/VIII/86.

“An order of this Honourable Court reinstating the plaintiff forthwith and restoring him to his office with all the appurtenant rights and privileges of his office as the non-executive chairman of the 2nd defendant.

“The sum of N100,000,000,000 (One Hundred Billion Naira) being damages for the wrongful removal, disruption and interruption of the term of office of the plaintiff as the non-executive chairman of the 2nd defendant.”

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FULL LIST: Multichoice increases DStv, GOtv subscription

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Broadcasting company Multichoice has jacked up the prices of its offerings in Nigeria four months after its last increment.

 

The company reviewed prices in its packages across the board. The new prices will take effect from May 1, 2024.

 

With the latest price hike, the DStv Premium package increased from N29,500 to N37,000. Similarly, the DStv Compact+ went up from N19,800 to N25,000 while the Compact package increased from N12,500 to N15,700.

The Comfam package moved from N7,400 to N9,300. Yanga package moved up from 4,200 to N5,100 while Padi package increased from N2,950 to N3,600. HDPVR was increased from N4,000 to N5,000, the Access Fees package from N4,000 to N5,000, and XtraView moved from N4,000 to N5,000.

 

Meanwhile, the Gotv Supa+ package moved from N12,500 to N15,700, Supa package from N7,600 to N9,600, and Max package from N5,700 to N7,200.

 

While the Jolli package was jacked up from N3,950 to N4,850, the Jinja package moved from N2,700 to N3,300, and Smallie package from N1,300 to N1,575.

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It will be recalled that the company implemented an upward review of prices in December 2023, days after announcing a $72m loss in its financial statement for the third quarter of the year.

 

Checks on the company’s reviewed price list then showed a 20 per cent per cent hike in the company’s packages across the board.

 

 

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NCAA grounds all Dana Air operations

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The Nigerian Civil Aviation Authority (NCAA) has been directed by Festus Keyamo, the minister of aviation, to suspend the operations of Dana Air, TheCable understands.

 

The directive followed the incident involving a Dana Air plane at Lagos airport on April 23, which veered off the Lagos airport runway.

 

This forced aviation authorities to divert flights from the local airport to the international terminal.

 

In a letter to the NCAA director general dated April 24, signed by Emmanuel Meribole, permanent secretary, ministry of aviation, and seen by TheCable, the ministry said Keyamo’s attention has been drawn to the “serious concerns” that followed the incident.

 

The ministry said the incident has raised concerns regarding both the safety and financial viability of Dana Air operations.

 

“In light of these incidents and with the paramount priority being the safety and well-being of our citizens and travelers, the Honourable Minister has directed that you immediately initiate the suspension of Dana Airline’s fleet until a comprehensive audit can be conducted. This audit should encompass all aspects of safety protocols, maintenance procedures, and financial health to ensure full compliance with our aviation regulations,” the ministry said.

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“The recent incidents have underscored the urgency of this matter, and it is imperative that swift and decisive action be taken to safeguard the interests of all stakeholders involved. I trust in your expertise and diligence in carrying out this audit thoroughly and expeditiously.”

 

On April 23, Dana Air said all 83 passengers and crew onboard the flight disembarked safely without injuries or scare.

 

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Yahaya Bello took $720k from state coffers to pay his child’s school fees – Olukoyede

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The chairman of the Economic and Financial Crimes Commission (EFCC), Ola Olukoyede, says Yahaya Bello, former governor of Kogi, withdrew $720,000 from the state’s coffers to pay his child’s school fee in advance.

 

Olukoyede spoke in Abuja on Tuesday during an interactive session with media executives.

 

The EFCC boss alleged that the former Kogi governor transferred money from the state coffers to a bureau de change operator, and used the money for his child’s school fee in advance.

 

Olukoyede added that Bello made the payment in anticipation that his tenure was gradually coming to an end.

 

“A sitting governor, because he knew he was leaving office, moved money directly from the government to bureau de change and used it to pay his child’s school fee in advance,” the EFCC boss said.

 

“Over $720,000 in anticipation that he was going to leave the government house. In a poor state like Kogi, you want me to close my eyes under the guise of ‘I’m being used’. Used by who? At this stage of my life.”

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Olukoyede said he inherited the case file of the former Kogi governor, noting that he did not initiate the investigation against Bello.

 

On April 17, EFCC operatives laid siege on Bello’s residence in Abuja to arrest him over alleged N80 billion fraud.

 

While the EFCC operatives were at Bello’s residence, Usman Ododo, governor of Kogi, came to visit his predecessor.

 

Shortly after Ododo departed from the residence, the EFCC operatives also left the house.

 

Bello was reportedly rescued by Ododo when he departed his residence located in the Wuse Zone 4 district of Abuja.

 

Subsequently, the anti-graft agency declared the former governor wanted.

 

The Nigeria Immigration Service (NIS) has also placed Bello on a watchlist.

 

The anti-graft agency alleged that Bello, alongside Alli Bello, chief of staff to Ododo; and one Daudu Suleiman, diverted about N80.2 billion belonging to the Kogi government.

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