SETTING THE RECORD STRAIGHT ON THE DISQUALIFICATION OF NESTOIL’S LAWYERS. 

Following the current ruling of the Courtroom of Appeal disqualifying the attorneys appointed by the respective organisations, NESTOIL LIMITED and NECONDE ENERGY LIMITED within the alleged debt restoration litigation instituted by the duo of FBNQuest Merchant Bank Restricted and First Trustees Restricted, it has change into mandatory for us to make clear the information for the general public and set the document straight.

This matter started as an alleged debt restoration motion instituted by First Service provider Financial institution Restricted and and First Trustees Restricted towards our organisations NESTOIL, NECONDE and Ernest Azudialu-Obiejesi and Nnenna Obiejesi in Swimsuit No.: FHC/L/CS/2127/2025. We have been served with the originating processes filed within the matter on the workplace handle at 41/42 Akin Adesola Road, Victoria Island, Lagos, along with an ex parte order dated 22 October 2025 issued by the Federal Excessive Courtroom.

Upon being served, every of us (the Defendants) promptly engaged respected authorized practitioners to signify us, together with M. A. Banire & Associates ( for NESTOIL); Wole Olanipekun & Co. (for NECONDE); Afe Babalola & Co. (for Ernest Azudialu-Obiejesi); and Chief Chino Obiagu, SAN (for Nnenna Obiejesi). Nonetheless, far-reaching ex parte orders have been obtained behind us and with out affording us the good thing about being heard. After we turned conscious of those developments, our attorneys instantly challenged the ex parte orders and utilized for them to be put aside. In addition they took steps to make sure that the substantive swimsuit filed towards us was mounted for listening to on 12 December 2025.

Inside days after the ruling of the Federal Excessive Courtroom setting apart the ex parte orders and fixing the substantive matter for December 12, 2025, the Plaintiffs (FBNQuest) filed one other Movement , ex parte once more, on the Courtroom of Appeal, and obtained, inside 24 hours of submitting the stated Movement Ex Parte, recent ex parte orders towards us in a way we nonetheless discover incomprehensible until date. Our respective attorneys instantly challenged the validity of those ex parte orders. Curiously, the attorneys to the Plaintiffs had earlier filed and served a Movement on Discover towards us on the Courtroom of Appeal which they withdrew behind us to pave manner for his or her Movement Ex Parte. Nonetheless, the Plaintiffs, performing via the individual they purportedly appointed as receiver, filed one other Movement on the Courtroom of Appeal claiming that our attorneys (for NESTOIL and NECONDE) must be disqualified from representing us and that they, via their appointed receiver, must be those to nominate attorneys for us in an alleged debt restoration matter they instituted towards us. We should observe that so far as we’re involved, this alleged receivership shouldn’t be in existence. The matter earlier than the Courtroom, as we’ve got been made to know by our attorneys, each internally and externally, is only an alleged debt restoration motion.

Our attorneys duly contested the applying looking for to disqualify them from representing us on this alleged debt restoration matter and supplant their illustration with attorneys appointed by the appointee of the alleged collectors. Bewilderingly, our attorneys knowledgeable us that the Courtroom of Appeal delivered its ruling yesterday whereby the Courtroom of Appeal stated that WE HAVE NO RIGHT to nominate attorneys that may defend the case towards us. The implication of the Courtroom of Appeal ruling is that the Plaintiffs (FirstBank Service provider Financial institution Restricted and First Trustees Restricted) who appointed the so referred to as receiver, are the identical individuals that may (via their appointed receiver) appoint attorneys to defend the case on our behalf towards the Plaintiffs. How the plaintiff would be the one to nominate attorneys to defend the defendants he has sued baffles the creativeness. The equity and justice on this we simply should depart to the courtroom of public opinion for now.

Hitherto, these similar Plaintiffs have been strenuously attempting to smear our attorneys and our respective corporations by falsely alleging bribery which by no means existed and quoting completely different fictitious alleged financial institution debt figures.

The avalanche of malicious and false tales being sponsored and circulated on on-line media is unprecedented.

It’s nevertheless our agency resolve that this injustice that we’ve got no proper to defend ourselves, shall not be allowed to slide by, as a result of failure to struggle towards injustice is aiding to perpetuate similar.