The Receiver/Manager of NESTOIL LIMITED and NECONDE ENERGY LIMITED has issued a rejoinder to an online editorial published by the Guardian Nigeria on November 14, 2025. The editorial, titled “Enforcement of expired ex parte orders against Nestoil, Neconde unlawful,” quoted unnamed legal experts claiming that ex-parte orders obtained on October 22, 2025, from the Federal High Court had expired under Order 26 Rule 10 (1) and (3) of the Federal High Court (Civil Procedure) Rules, 2019.
False Claims Addressed
The editorial alleged that the Receiver/Manager took possession of the companies’ head office in Victoria Island and attempted to disrupt crude oil production and export activities in OML 42. The Receiver/Manager categorically denies these claims, describing them as false and unfounded, and warns that such statements could lead to liability for malicious publication.
Legal Basis of Appointment
The Receiver/Manager was appointed under Deeds of Appointment dated August 19, 2025, with notifications published in Punch and Guardian Newspapers on October 29, 2025. The editorial’s reliance on the Federal High Court Rules is noted to be subject to court directions. Following a petition against the presiding judge, proceedings were halted by the Chief Judge of the Federal High Court, leaving the October 22, 2025 orders in full force.
Public Advisory
The public is advised not to take legal guidance from unidentified online editorials. Any dealings with persons acting on behalf of Nestoil Limited or Neconde Energy Limited without the Receiver/Manager’s express authorization are illegal and will have legal consequences. Inquiries may be directed to the Receiver/Manager at the provided email address.
