Appeal Court Voids N4.7bn Judgement Against NNPCL, PPMC

Appeal Court Voids N4.7bn Judgement Against NNPCL, PPMC …C0NTINUE READING HERE >>>

The Lagos Division of the Court of Appeal has nullified a Federal High Court judgement that ordered the Nigeria National Petroleum Corporation Limited (NNPC) and its subsidiary, Pipeline and Products Marketing Company (PPMC), to pay Glonik Industries Limited and Glonik Hotels Limited N4,705,139,686.78 as damages.

Justice Ambrose Lewis-Allagoa of the lower court awarded the sum to Glonik Industries Limited and Glonik Hotels Limited in May 2023 for the demolition of a hotel building…

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