Nigerian tycoon Ernest Azudialu-Obiejesi in pains as as receiver retakes Nestoil tower over $1 billion debt
Ernest Azudialu-Obiejesi is locked in a $1bn debt fight as Nigeria’s Court of Appeal backs lenders and a receiver’s return to Nestoil Tower.
Ernest Azudialu-Obiejesi
Nigerian businessman Ernest Azudialu freed from $1 billion asset freeze
Court clears Nestoil funds, ending $1 billion asset freeze for Nigerian businessman Ernest Azudialu-Obiejesi.
Nigerian businessman Ernest Azudialu faces $1 billion debt fight as banks seize Nestoil
A Lagos court has placed Nestoil under receivership in a debt dispute exceeding $1bn, thrusting founder Ernest Azudialu-Obiejesi into the spotlight as banks move to seize assets and police seal the firm’s Victoria Island headquarters.