Nestoil Limited and Neconde Energy Limited don come out to yarn about the press release wey Mr. Abubakar Sulu-Gambari, SAN release on June 2026. The company say the man wey dey act as receiver/manager over Nestoil and some assets of Neconde dey try to confuse the public.
According to the company, the Supreme Court don set aside the Court of Appeal decision wey give injunctive reliefs to the receiver. But Sulu-Gambari still dey ask people to act like the Supreme Court ruling no get any effect on him.
Nestoil and Neconde recall say this same person, when he get ex parte orders from Federal High Court and Court of Appeal, he take paid publications tell the public say dem must only deal with him. Now that the Supreme Court don set aside those orders as unlawful, he don begin act like he be interpreter of law to deceive people.
The company ask: if he no need the orders wey don set aside to function, why he and his appointors apply for them in clandestine ways wey the Supreme Court don condemn?
For clarity, the Supreme Court in case SC/CV/1130/2025 set aside all ex parte orders of the Court of Appeal from November 27, 2025. Also, in earlier judgment of April 10, 2026 in SC/CV/46/2026, the Supreme Court hold say the authority of the receiver to act is at the heart of the suit wey his appointors file at Federal High Court. So he cannot exercise powers of receiver while that suit dey.
The Supreme Court repeat similar point for June 1, 2026 judgment when they set aside the ex parte orders. They say the orders overreach the pending action at Federal High Court and dey unconstitutional.
Nestoil and Neconde also point out say Sulu-Gambari don conceal the fact that any powers from the alleged Deeds of Appointment don be restrained, suspended, and placed in abeyance by subsisting orders of Federal High Court, Abuja Division, from December 1, 2025. Hon. Justice P. O Lifu preside over that case, Suit No. FHC/ABJ/CS/2534/2025. Sulu-Gambari be defendant in that suit, he know the orders, and the orders dey unchallenged till date.
So any claim say the receiver dey free to exercise unfettered powers over Nestoil and Neconde dey inaccurate, misleading, and contrary to present legal realities. Sulu-Gambari cannot, by his mere saying so, recreate orders wey Supreme Court don set aside or act like court orders still dey alive.
Nestoil and Neconde say dem dey reserve all their rights. While dem go address Sulu-Gambari actions for relevant quarters, dem advise the public, financial institutions, contractors, regulators, and all stakeholders to remain guided accordingly.
