Nestoil Regains Control of Lagos HQ After Legal Battle

Nestoil successfully took full possession of its Lagos headquarters following initial defiance by security agencies against a court order. Justice Daniel Osiagor directed the immediate withdrawal of security forces from the premises.
Despite the legal victory, Nestoil faced challenges accessing its corporate office due to security measures. The dispute involved high-profile debt issues with FBNQuest Merchant Bank and First Bank.
Nestoil's legal representative, Chino Obiagwu, confirmed the development. The company ensured no substantial damage to its property during the takeover.
Plus234Feed summary based on reporting from This Day. Read the original report below.
Read full article
Continue on This Day
Get the week in one email
Top stories, NPFL results, the naira — every Friday morning. Free, one email a week.
Related Stories

Nestoil Group Reassures Stakeholders Amid $1bn Receivership Dispute

Court Lifts Asset-Freeze Order Against Nestoil in $1 Billion Debt Dispute

Court Orders Lagos Police to Withdraw Officers from Nestoil Premises Amid Debt Dispute

Nigerian Banks Take Over Nestoil in $1 Billion Debt Dispute

Nigerian Court Freezes Nestoil and Neconde Assets Over $1bn Debt

Court Vacates Asset-Freezing Order Against Nestoil in $1 Billion Debt Claim Case
Get Plus234Feed on messaging apps
Same headlines, delivered where you already scroll.






