Senator Ifeanyi Araraume has described the appointment of a new board and management of the Nigerian National Petroleum Company, NNPC Limited, by President Bola Tinubu on the 27th November 2023, as “illegal, wrongful, null and void and of no legal consequence.”
He also alleged that this illegality might affect the Foreign Direct Investment drive of the federal government as foreign investors will only seek to operate in an environment where the rule of law is respected.
Araraume’s reaction was contained in a release dated November 30, 2023, entitled: “Public Notice: Caveat Emptor- Purported Appointment Of New Chairman Of NNPC Limited”, and signed on his behalf by his lawyer Dr Ogwu J. Onoja (SAN).
