EFCC transfers $60 million recovered from Ernest Azudialu-Obiejesi's Nestoil to lenders
Nestoil has paid $60 million to its lenders under an EFCC-brokered plan, ten weeks after the Supreme Court dissolved its asset freeze.
Ernest Azudialu-Obiejesi
No respite for Ernest Azudialu-Obiejesi as court of appeal sacks Wole Olanipekun SAN as consortium of banks tighten their grip on Nestoil and Neconde
Nigeria’s appeal court says receivership has frozen the board’s authority, forcing Nestoil and Neconde to swap legal teams mid battle with lenders.
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.
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.