Judicial Crisis Deepens as Conflicting Court Orders Fuel Nestoil, Neconde Debt Enforcement Battle

Posted 2025-12-03 14:43:08 · 81 Views

^{A major judicial controversy has erupted after Nestoil staff allegedly forcefully re-entered the company’s Lagos premises despite a Court of Appeal order protecting a court-appointed Receiver/Manager. The move was reportedly enabled by a conflicting directive from Justice Peter Odo Lifu of the Federal High Court, Abuja—an order legal analysts say cannot override an existing appellate ruling.}

^{The Court of Appeal had earlier granted FBNQuest Merchant Bank and First Trustees three interim orders restraining Nestoil, Neconde, and their promoters from obstructing the Receiver or continuing proceedings at the lower court. The dispute stems from a debt enforcement action involving alleged liabilities exceeding $1.01 billion and ₦430 billion under various credit facilities.}

^{Background tensions intensified following accusations that the Chief Judge of the Federal High Court, Justice John Tsoho, attempted to influence reassignment of the high-profile case after Justice Dipeolu issued far-reaching Mareva injunctions freezing assets across over 20 banks and appointing a Receiver.}

^{Nestoil’s promoter, Ernest Azudialu-Obiejesi, has filed a petition accusing Justice Dipeolu of bias, but judicial insiders claim the petition was orchestrated to justify transferring the matter to a preferred judge. The situation has deepened concerns about judicial integrity, case manipulation, and conflicting court directives within Nigeria’s legal system.}

#Nestoil #Neconde_Energy #FBNQuest_Bank #Court_of_Appeal

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Judicial Crisis Deepens as Conflicting Court Orders Fuel Nestoil, Neconde Debt Enforcement Battle

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