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.
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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.
Court clears Nestoil funds, ending $1 billion asset freeze for Nigerian businessman Ernest Azudialu-Obiejesi.
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.
Azudialu-Obiejesi’s decision to procure the G-700 aircraft underscores his commitment to building a world-class energy conglomerate.
Azudialu-Obiejesi is a towering figure in the nation’s energy landscape.
Obiejesi is known for his expensive taste, obsession with aircraft and penchant for acquiring private jets and pricey automobiles.