Nestoil, Neconde ready $1.8b suit against banks for disrupting oil production

The legal battle between Nestoil Group and a consortium of banks has taken a dramatic turn as Nestoil and Neconde move to pursue a $1.8 billion damages claim against FBNQuest Merchant Bank, First Trustees, FirstBank, Access Bank, Zenith Bank, their Receiver-Manager and others over alleged disruption of oil production operations.