Nestoil Headquarters
Nestoil Limited has engaged in a verbal clash with Abubakar Sulu-Gambari, the receiver/manager appointed over the company and Neconde Energy in respect of an alleged debt default.
The verbal exchange comes against the backdrop of a Supreme Court ruling delivered on Monday.
The oil firm, in a rebuttal to a recent press statement issued by the receiver/manager, noted that although Mr Sulu-Gambari admitted that the court voided an earlier ruling of the Court of Appeal which granted an injunctive relief in his favour, he directed the public to proceed in a manner showing that the apex court’s decision had no effect on his exercise of power as receiver/manager.
“Now that he has completely lost all judicial cover for his purported receivership, he has resorted to assuming the status of interpreter of the law to hoodwink the general public,” Nestoil said in the statement.
