**Lagos, Nigeria** – E don set like wahala as Nestoil Ltd and Neconde Energy Ltd don launch wetin dem dey call ‘underground moves’ to push matter wey dey ground dem for court. Some insiders wey sabi matter tell TheCable say dis case na serious gbege wey don catch dem.
For October 22, 2025, Justice D. I. Dipeolu, wey dey sit for federal high court for Lagos, don issue Mareva injunction against Nestoil and di main promoters, Ernest Azudialu-Obiejesi and im wife, Nnenna. Dis injunction dey comot dem hand from any dealings wey fit touch di sum of $1,012,608,386.91 and N430,014,064,380.77, wey be di total debt dem owe as of September 30, 2025. Na bank dem go chop dis kind money?!
But e no stop dey yah, oh! Dem also talk say di promoter don chop more debts, including over N366.8 billion, $61.2 million, and $152 million wey dem owe Access Bank, First Bank, and Zenith Bank. E be like say dem wan open a debt relief office on top dis case.
Fast-forward to October 28, 2025, di police don seal Nestoil headquarters wey dey for Victoria Island after dem put di company under receivership. Na wetin happen wey cause dem to start dey pressure Justice John Tsoho, di chief judge, to reassign di case. Dem dey cry bias pipo, say Dipeolu no fit do am right again.
As di wahala dey hot, Dipeolu no fit sit down again; him don announce sey petition don show face against am. Di paper wey dem use show some senior lawyers wey dey involved for dis matter, wey we no fit carry di names go out for legal reasons. E be like say di petition dey loud well-well when dem open am.
Di defendants dey argue sey di Mareva order no suppose happen at all, ’cause dem believe sey di matter suppose dey for state high court, not federal one. Plus, dem dey deny sey di headquarters wey dem seal na dem own. Azudialu-Obiejesi dey talk say, ‘No faith for Dipeolu again!’
As e be now, dem dey prepare for di big court matter wey dey come soon, and di whole society dey watch as di drama unfold. Na to see if dem fit turn tide for dis case wey don catch dem for like one big basket of fish!
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