{"id":124284,"date":"2025-12-20T06:44:04","date_gmt":"2025-12-20T05:44:04","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=124284"},"modified":"2025-12-20T06:46:47","modified_gmt":"2025-12-20T05:46:47","slug":"1-01billion-debt-nestoil-neconde-mobilize-25million-to-pay-lawyers-for-favourable-supreme-court-judgement-2","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/1-01billion-debt-nestoil-neconde-mobilize-25million-to-pay-lawyers-for-favourable-supreme-court-judgement-2\/","title":{"rendered":"$1.01BILLION DEBT: NESTOIL, NECONDE MOBILIZE $25MILLION TO PAY LAWYERS FOR FAVOURABLE SUPREME COURT JUDGEMENT\u00a0"},"content":{"rendered":"<div style=\"text-align: justify;\">An embattled Nestoil, Neconde and her owners are mobilizing $25million to pay Wole Olanipekun, Bode Olanipekun, Muiz Banire and Ojukwu Chikaosula so they can obtain a favorable judgement in favor of the troubled oil firm when the case involving their unpaid $1.01billion debt gets to the Supreme Court, according to sources close to the troubled oil firm.<\/div>\n<div style=\"text-align: justify;\">An Appeal court had few days ago restrained Nestoil Limited, Neconde Energy Limited from stopping a receiver manager from liquidating their assets over their debts of about $1.01billion owed FBNQuest Merchant Bank and First Trustees Limited.<\/div>\n<div style=\"text-align: justify;\">After the major legal battle defeat over the unpaid debts of about $1.01billion, Nestoil is allegedly mobilizing a war chest of about $25million to head to the Supreme Court to stop the liquidation of the troubled oil firm.<\/div>\n<div style=\"text-align: justify;\">Nestoil owes: Access Bank, Afrexim Bank<\/div>\n<div style=\"text-align: justify;\">Ecobank, First Bank, FCMB, Union Bank, UBA<\/div>\n<div style=\"text-align: justify;\">and Zenith Bank. Neconde owes: Access Bank, Afrexim Bank, African Finance Corporation(AFC), Fidelity Bank, First Bank, Mauritius Commercial Bank, Zenith Bank, and Glencore UK<\/div>\n<div style=\"text-align: justify;\">Insiders hinted that the decision of the Appeal court shook the foundation of Nestoil and Neconde and the owners are bent on fighting backing using any means to save the companies.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>An embattled Nestoil, Neconde and her owners are mobilizing $25million to pay Wole Olanipekun, Bode Olanipekun, Muiz Banire and Ojukwu Chikaosula so they can obtain a favorable judgement in favor&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":124286,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-124284","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - 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