A federal court in Abuja has scheduled January 22, 2026 for a ruling in the lawsuit filed by Nestoil Limited against eight Nigerian banks and African Export‑Import Bank (Afreximbank) over allegations connected to a receivership process and demands for the release of account statements.
The case involves a dispute over large-scale debt default and accompanying attempts by lenders to take control of Nestoil’s assets.
Nestoil is seeking injunctive relief while the banks argue for receivership enforcement, citing a multi-billion-dollar debt.
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The upcoming verdict could have significant ramifications for the oil and gas sector and highlight ongoing tensions between corporate debtors and financial institutions in Nigeria.
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