Nestoil Towers Reopens after Supreme Court Judgments Setting Aside Court of Appeal Decisions as IG Complies with Ruling
After months of impasse and epic legal battles, the iconic Nestoil Towers has been reopened for use by its owners and their promoters following two successive decisions of the Supreme Court in favour of Neconde Energy Ltd. and Nestoil Ltd., the most recent being the one delivered on June 1, 2026 setting aside the ex parte orders of the Court of Appeal, which gave judicial support to a receiver appointed by a club of junior lenders.
It would be recalled that on November 27, 2025, the Court of Appeal granted ex parte orders injunction in favour of the lenders and their appointed receiver.
The same court was to also subsequently disqualify the lawyers of Nestoil and Neconde and ordered that it is the lenders through the receiver as adversaries of Nestoil and Neconde that should appoint lawyers for the two companies.Following the Court of Appeal ex parte orders, the Nestoil Towers complex was taken over and sealed with security operatives stationed to enforce the status quo.
Conspicuous inscriptions in red were marked on the building indicating that it was taken over on the order of court.The commercial edifice remained sealed for over seven months as legal proceedings moved swiftly to the Supreme Court.The Supreme Court on April 10, 2026 and June 1, 2026 delivered two landmark decisions, which set aside the two orders of the Court of Appeal disqualifying the companies’ lawyers and granting ex parte orders.The judgment of June 1, 2026 is the most proximate and final force that removed every resistance to the unsealing and opening of the property.
