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.

Guardian Nigeria

Latest news today on Nestoil

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

Supreme Court sets aside order freezing Nestoil, Neconde's assets

The travails of Nestoil and the travesties of courts

Nestoil bad loans halt UBA, FirstBank, Access Bank dividend payments as banking sector stability threatened

In landmark ruling, S’Court affirms receiver’s limitation in Neconde, Nestoil’s $1.3b dispute

Victory for Neconde, Nestoil as Supreme Court rules on receivership powers

S’Court restores Olanipekun, Banire as counsels in $2b Nestoil/Neconde dispute

S’Court reserves judgment over right to choose counsel in Nestoil case

Nestoil/Neconde: Can a company speak for itself under a contested receivership?

Nestoil vs FBN: Koku’s dual representation raises conflicting interest issues

Nestoil denies receivership rumour, alleges contempt of court

Lagos police debunk reports alleging defiance of court’s order on Nestoil

Court orders police to withdraw officers from Nestoil premises

Nestoil to appoint forensic auditors to verify loan claims, bank statements

Nestoil assures stakeholders of stability amid commercial dispute

Neconde raises output to 50,000 barrels per day on OML 42

Nestoil retreat empowers board leaders to strengthen corporate governance

‘How Nigeria can curb oil revenue losses’

New power MoU with Siemens stirs concerns, uncertainty

Alleged bias: Court threatens to dismiss suit against FHC CJ, Justice Lifu

Ogun traditional ruler throws weight behind YAYI's group, Caucus 7202

TASUED New VC unveils institution's roadmap to prioritize research , innovation

National Laureate: FG inaugurates committee, unveils N365 students’ yearly research prize

The News You Need, Delivered To You.