Appeal Court Bars Olanipekun, Banire From Representing Nestoil, Neconde in $2bn Debt Case

StatePress NG: Appeal Court bars Olanipekun, Banire from appearing for Nestoil, Neconde in $2bn debt dispute

$2bn Debt Showdown: Appeal Court Disqualifies Olanipekun, Banire from Nestoil, Neconde Case

By Oscar Okhifo, Abuja The Court of Appeal has dealt a major blow to Ernest Azudialu-Obiejesi’s Nestoil and Neconde Energy, disqualifying Wole Olanipekun and Muiz Banire, both Senior Advocates of Nigeria from representing the companies in their US$2 billion debt battle with creditor banks. In their ruling, the Court of Appeal held that the Azudialu-Obiejesi led board of Nestoil and Neconde no longer had the authority to engage external lawyers …

Appeal Court Disqualifies Olanipekun, Banire as Counsel to Nestoil, Neconde in $2bn Debt Case - Thepodiummedia

The court of appeal has rejected the appointment of Wole Olanipekun and Muiz Banire as counsel representing Nestoil and Neconde in the $2 billion debt case filed by FBNQuest Merchant Bank Limited and First Trustees. In its ruling on Friday, the court held that the powers of the Ernest Azudialu-Obiejesi-led board of directors to appoint lawyers has been suspended by the receivership. The court granted the orders to disqualify and suspend the seni…

Appeal Court Disqualifies Olanipekun, Banire From Representing Nestoil, Neconde in $2bn Debt Case — Akelicious

The Court of Appeal, on Friday, January 23, 2026, disqualified Chief Wole Olanipekun (SAN), Dr. Muiz Banire (SAN) and other senior lawyers from representing Nestoil Limited and Neconde Energy Limited in the ongoing legal battle arising from the companies’ mounting US$2 billion debt. In a ruling delivered on Friday, the appellate court held that the Ernest Azudialu-Obiejesi–led board of directors no longer has the authority to appoint legal couns…

"Board Of Directors Lacked Legal Authority To Appoint Counsel After Receivership" — Court Of Appeal Disqualifies Olanipekun, Banire In $2B Nestoil Debt Case

There was no relief on Friday for oil services firm Nestoil Limited, Neconde Energy Limited and their principal owners Ernest Azudialu-Obiejesi and his wife, as the Court of Appeal disqualified their lawyers in the ongoing multibillion-dollar debt recovery dispute involving a consortium of banks. In a decisive ruling, the appellate court barred Wole Olanipekun (SAN) and Muiz Banire (SAN), alongside other lawyers appearing with them, from further…

Appeal Court Bars Olanipekun, Banire From Representing Nestoil, Neconde in $2bn Debt Case

The Court of Appeal has rejected the appointment of Wole Olanipekun and Muiz Banire as counsel representing Nestoil and Neconde in the $2 billion debt case filed by FBNQuest Merchant Bank Limited and First Trustees.   In its ruling on Friday, the court held that the powers of the Ernest Azudialu-Obiejesi-led board of directors to appoint lawyers has been suspended by the receivership.   The court granted the orders to disqualify and suspend the …