Alleged $1 Billion Loan Claim: Hasn’t FBNQuest’s Mareva Injunction against Nestoil, Neconde Expired? Wale Igbintade
Limited against Nestoil Limited and Neconde Energy Limited The ex parte orders obtained have lapsed by operation of law by FBNQuest Merchant Bank yesterday, November 13, 2025, in Limited and First Trustees accordance with the provisions
filed by the two subsidiaries of First Bank of Nigeria Plc, of the Federal High Court (Civil D. I. Dipeolu of the Federal freezing the assets of Neconde Procedure) Rules, 2019. High Court, Lagos, had granted Energy Limited, Nestoil, and On October 22, 2025, Justice the ex parte orders in the case other defendants in the suit
S P E C I A L A N A LYS I S
and permitting the Receiver/ Manager appointed by Nestoil lenders to take over these assets, including Neconde’s interest in Continued on page 10
Tinubu Rejoices With Super Eagles For Defeating Gabon 4-1 in W’Cup Playoff... Page 8
Friday 14 November, 2025 Vol 30. No 11177. Price: N400
www.thisdaylive.com TR
UT H
& RE A S O
N
Disobedience of Court Orders: AMCON’s Bala, Alade, Lamidi, Adaghe, Dan’amu Served Form 48 Contempt Notice
Akinwunmi, Ademola-Bello SAN, Adedeji SAN face contempt, debarment and de-robing petitions to legal and judicial authorities for disobeying court orders with impunity and bringing the judiciary into disrepute General Hydrocarbons menced contempt proceedings Nigeria (AMCON) for allegedly Lagos, which restrained them Recall that Justice A. Limited (GHL), its Directors, against senior officials of Asset disobeying a subsisting order from appointing a Receiver Lewis-Allagoa of the Federal and Shareholders have com- Management Corporation of of a Federal High Court in over GHL. High Court, Lagos, had on
September 23 issued an Continued on page 10
Matawalle: Wike Ignored Service Chiefs’ Advice on Disputed Land with Naval Officer FCT minister blasts Buratai, insists Yerima carried out illegal order Lawan: Nigerians must respect armed forces personnel irrespective of status Irabor weighs in, warns against disrespecting men in uniform They both took laws into their hands, says Falana
Deji Elumoye, Olawale Ajimotokan, Linus Aleke, Kuni Tyessi, Folalumi Alaran in Abuja, Wale Igbintade and Sunday Ehigiator in Lagos Minister of State for Defence, Bello Matawalle, has shed more light on the public spat between his cabinet colleague at the Federal Capital Territory (FCT), Nyesom Wike, and a naval officer, Lieutenant Commander A.M Yerima, saying Wike disregarded the advice of some service chiefs and proceeded to confront the officer at a disputed property site in Abuja. Matawalle stated that the naval officer acted strictly in accordance with instructions Continued on page 10
Additional Production Investment Forum in London...
L-R: Chairman, Senate Committee on Petroleum Resources (Upstream), Senator Eteng Williams; Chairman, House Committee on Petroleum Resources (Upstream), Hon. Alhassan Ado Doguwa; the Commission Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Engineer Gbenga Komolafe; and Chairman, Board of Governors, Organisation of Petroleum Exporting Countries (OPEC), Ademola Adeyemi Bero, at the Project Photo: NUPRC Media 1MMBOPD Additional Production Investment Forum in London... on Wednesday.