Nestoil, receiver spar over the Supreme Court’s ruling
Nestoil also stated that any declaration that the receiver/manager is free to exercise unrestrained power over the company and Neconde ...
Tag: Nestoil
Supreme Court annuls order freezing Nestoil, Neconde assets
A five-member panel of the court on Monday in Abuja ruled that the appeal court exceeded the limits of its ...
Court vacates orders restraining EFCC from probing firms linked to Nestoil Group
No relief yet for Ernest Obiejesi and the Nestoil Group as court lifts ex parte orders barring the EFCC from ...
No respite for Nestoil, owners as Appeal Court sacks their lawyers
The ruling against comes against the backdrop of mounting debt obligations estimated at over US$2 billion, owed by Nestoil and ...
Drama as senior lawyers battle for control of Nestoil’s defence at Appeal Court
There were legal fireworks as the dispute by counsel stalled Nestoil debt case at Appeal Court
FBN Quest repossesses Nestoil assets after appeal court ruling
The latest takeover of Nestoil assets followed an order of restorative injunction issued by Justice Yargata B. Nimpar of the ...
FBN Quest Merchant Bank, First Trustees appeal ruling vacating court orders against Nestoil
In a motion on notice filed at the Court of Appeal in Lagos on Friday, the appellants sought an order ...
Court vacates order freezing Nestoil’s assets
Justice D.E. Osiagor ruled that “there is no longer a subsisting ex parte order having spent 14 days of the ...
Standoff at Nestoil headquarters as owners, receiver manager clash
Despite the court vacating the Mareva order, receiver/manager Sulu-Gambari says his mandate in Nestoil remains intact and unaffected.
Nestoil, Neconde petition halts court proceedings in debt dispute
The defendants challenged the court orders by filing multiple petitions at the Federal High Court and the NJC, alleging that ...
Whistleblower alleges plot to transfer Nestoil debt case to ‘corrupt judge’
"They want the Chief Tsoho to use his office to move the matter to a compromised judge who will vacate ...
Police seal Nestoil headquarters as First Trustees seizes assets owned by firm, Azudialu-Obiejesi
Justice Dipeolu granted multiple orders freezing Nestoil bank accounts and shares across more than 20 financial institutions in Nigeria, including ...
EXCLUSIVE: Nigerian businessman orders N60 billion luxury jet
Mr Azudialu-Obiejesi will soon travel to the US to finalise the purchase of a new Gulfstream G-700 aeroplane.
