Police have sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after the company was placed under receivership by a consortium of lenders over a reported $1 billion debt.
A federal high court sitting in Lagos had on October 22, 2025 issued an order of Mareva authorising First Trustees and its subsidiary, FBNQuest Merchant Bank, to take over the company’s assets.
Justice D. I. Dipeolu issued the injunction against Nestoil Limited and its affiliate, Neconde Energy Limited, as well as Ernest Azudialu-Obiejesi and Nnenna Obiejesi, the principal promoters.
CHRISTIAN ABURIME Governor Chukwuma Charles Soludo, CFR, has declared that the grand political coalition…
The Co-Chairman of the National Council of Traditional Rulers of Nigeria (NCTRN), Arole Oodua Olofin…
ADEOLA OGUNLADE The Executive Chairman of Ikeja Local Government, Comrade Akeem Olalekan Dauda (AKOD), has…
For the woman who wakes up before sunrise, arranges her little goods, waits patiently for…
WISDOM ONIEKPAR IKULI The women of Jerusalem sang a song that they never knew shall…
The High Court of Lagos State, Lagos Judicial Division, on Wednesday 28 th October 2026,…