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The consortium of lenders behind the Nestoil receivership says Ernest Azudialu-Obiejesi's Supreme Court ruling was pyrrhic and the billion-dollar debt remains fully payable.
Nigeria's court-appointed receiver says the Supreme Court ruling does not end the receivership over Nestoil and Neconde Energy, warning the public against unauthorised dealings.
A Nigerian court has vacated injunctions protecting Amaranta Oil and Jonescreek Hydrocarbon from EFCC scrutiny in a $1 billion Nestoil Group debt dispute.
Nigeria’s appeal court says receivership has frozen the board’s authority, forcing Nestoil and Neconde to swap legal teams mid battle with lenders.
The Supreme Court halted multiple appeals, directing parties back to the Court of Appeal and warning lawyers that debt recovery disputes should focus on repayment, not delays.