Donald Duke reveals how IBB warned Obasanjo about Atiku in new book
OpenLife Nigeria reports that Police operatives have sealed off the corporate headquarters of Nestoil Limited in Victoria Island, Lagos, after the company was placed under receivership by a consortium of lenders over a reported $1 billion debt.
A Federal High Court sitting in Lagos had on October 22, 2025, issued an order of Mareva authorising First Trustees and its subsidiary, FBNQuest Merchant Bank, to take over the company’s assets.
Justice D. I. Dipeolu issued the injunction against Nestoil Limited and its affiliate, Neconde Energy Limited, as well as Ernest Azudialu-Obiejesi and Nnenna Obiejesi, the principal promoters.
Ernest Azudialu-Obiejesi established Nestoil in 1991, an EPCC company specializing in pipeline construction and related facilities, which has become Nigeria’s largest indigenous EPCC company in the oil and gas sector.
Azudialu-Obiejesi also founded Neconde Energy Limited, which operates OML 42. He is the founder and chairman of the Obijackson Foundation, which focuses on education, empowerment, skill acquisition, infrastructure, healthcare, and cultural enrichment in Nigeria.
He holds a doctorate in Business Administration from the International School of Management in Paris.
48 years after Obasanjo commissioned it, the old Abeokuta-Ibadan road is now a death trap…
Nwabueze Buchi George has shared a purported SGF appointment letter after President Tinubu ordered his…
Floods have hit Asokoro, Maitama and Guzape, forcing residents and stakeholders to demand urgent drainage…
FAJ member Eugene Ebenyi has been inaugurated into the Ebonyi State Library Board. He described…
Geregu Power, a 435MW plant supplying Nigeria’s grid, is caught in a N40.09bn bond dispute.…
Thousands gathered at ICGC Evangel Temple, New Dawhenya for Kofi Owusu Peprah Live 2026. The…
This website uses cookies.