- Safiu Kehinde
A consortium of lenders has taken possession of Nestoil Corporate Head Office over $1 billion debt.
Nestoil headquarters located in Victoria Island, Lagos, was reportedly sealed off by the police on Tuesday after being placed under receivership by the First Trustees and its subsidiary, FBNQuest Merchant Bank.
Meanwhile, also listed as “affected parties” in the suit are Citibank Limited, Central Securities and Clearing Systems Plc, Fidelity Bank Plc, Guaranty Trust Bank Plc, Globus Bank Limited, Keystone Bank Limited, Opay Limited, Polaris Bank Limited, Providus Bank Limited and Stanbic IBTC Bank Limited.
Others include Standard Chartered Bank Nigeria, Sterling Bank Plc, Titan Trust Bank Limited, Unity Bank Plc, Wema Bank Plc, Gobowen Exploration and Production Limited, Hammakopp Consortium Limited, Krawcod Properties Limited, Santa Spring Oil and Gas Limited, Marine & Ocean Infinity Nigeria Limited and White Dove Shipping Co Ltd.
According to reports, all the listed banks are to freeze the assets of the defendants while the substantive case will be heard next month.