Tag: Nestoil
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Appeal Court Disqualifies Olanipekun and Banire as Counsel to Nestoil and Neconde in $2 Billion Debt Case
Overview The Nigerian Court of Appeal has taken a decisive step in the high-stakes $2 billion debt dispute involving Nestoil and Neconde, ruling to disqualify two of the country’s most prominent lawyers, Wole Olanipekun and Muiz Banire, from acting as counsel for the clients. The case, brought by FBNQuest Merchant Bank Limited and First Trustees,…
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Appeal Court Disqualifies Olanipekun, Banire as Counsel to Nestoil, Neconde in $2Bn Debt Case
Overview of the Ruling The Court of Appeal has rejected the appointments of prominent Nigerian lawyers Wole Olanipekun and Muiz Banire as counsel for Nestoil and Neconde in the ongoing $2 billion debt case. The matter involves FBNQuest Merchant Bank Limited and First Trustees as plaintiffs, pursuing substantial liabilities linked to the two energy firms.…
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Appeal Court Disqualifies Olanipekun, Banire as Counsel to Nestoil, Neconde in $2 Billion Debt Case
Background: What’s at Stake in the Nestoil, Neconde Case The drama surrounding Nigeria’s energy sector intensified this week as the Court of Appeal issued a ruling disqualifying two of the country’s most prominent barristers from representing Nestoil and Neconde Energy in a high‑stakes debt dispute. The case, which involves a $2 billion claim brought by…