News
Scandal Unfolds Over Justice Dipeolu’s Orders in Nestoil Legal Dispute
A significant legal controversy has emerged surrounding the orders issued by Justice Dehinde Dipeolu on October 25, 2025, in the ongoing case between Nestoil and FBNQuest Merchant Bank Limited under Suit No. FHC/L/CS/2127/2025. The case has drawn intense scrutiny as the First Charge Holders—Glencore Energy UK Limited, Fidelity Bank Plc, Mauritius Commercial Bank, and African Finance Corporation—seek to have the Ex-parte orders granted to Nestoil overturned.
The First Charge Holders argue that the orders, which allow Nestoil to appoint a receiver/manager over the assets of the Defendants, were obtained under false pretenses. They claim that the orders unlawfully restrict their ability to manage their financial interests, particularly with regard to the 2nd Defendant, Neconde Energy Limited. In response, the Senior Lenders filed a motion on November 6, 2025, requesting to join the suit and have the Ex-parte orders of October 25 set aside.
In a detailed 335-page affidavit, the First Charge Holders contend that the orders were granted without full disclosure of critical facts. They accuse the Plaintiffs of misrepresenting the situation to the court and sought the removal of Mr. Abubakar Sulu-Gambari, the appointed receiver/manager, claiming the appointment was based on fraudulent information. The affidavit further highlights that Neconde’s interest in OML 42 had already been pledged as collateral to secure loans from the First Charge Holders, and therefore, the Plaintiffs should not have been allowed to include these assets in their motion without consent.
Despite these objections, Justice Dipeolu issued orders that impacted Neconde’s assets, including its interest in OML 42, even though the First Charge Holders did not authorize any additional charges. This has led to questions about the legal grounds for such far-reaching orders, particularly given that no formal debenture or charge document was presented by the Plaintiffs to justify their claims on the 2nd Defendant’s assets.
The situation has escalated further as the Plaintiffs, through their Ex-parte motion, sought approval for the involvement of the police, Navy, and DSS in the enforcement of the orders. These measures, which included the seizure of crude oil and Neconde’s assets in OML 42, have drawn widespread criticism for their excessive nature, with experts warning that they could severely harm the Defendants’ business operations.
Legal professionals have referenced previous Supreme Court rulings, such as in the ECOBANK vs. Honeywell Flour Mills case, which cautioned against granting Ex-parte orders without sufficient evidence. The Court had ruled that asset-freezing orders should only be granted when there is clear evidence that the defendant is likely to dissipate or hide assets.
As the controversy continues to unfold, there are increasing calls for the National Judicial Council to investigate Justice Dipeolu’s conduct in the case. Allegations of bias and judicial overreach have raised concerns about the fairness of the Ex-parte orders, with many questioning whether they were granted in accordance with proper legal procedures. This case is set to become a crucial point of reference for future discussions on judicial discretion and the use of Ex-parte orders in commercial litigation in Nigeria.
News
Security Agencies Uncover Plot to Stage Protest Against President Tinubu, NSA Ribadu
Nigeria’s security agencies have reportedly uncovered a plan by some opposition politicians to organise protests in Sokoto and other northern states against President Bola Tinubu and National Security Adviser Nuhu Ribadu.
Fresh intelligence reports made available to journalists on Friday show that former Senator Kabiru Marafa is the main arrowhead of the plot.
The group is allegedly working to discredit NSA Nuhu Ribadu and the Minister of State for Defence, Bello Matawalle, by falsely linking them to bandit groups and using a Sokoto-based militia to trigger violent protests.
Sources say the Zamfara State Government, led by Governor Dauda Lawal, is strongly backing the plan and providing funding, determined to paint the federal security team as incompetent and force the removal of both Ribadu and Matawalle.
Security operatives detected the scheme this week, monitored several planning meetings in Gusau and Abuja, blocked funding channels, and quietly disrupted the operation.
No arrests have been made, but all the key figures are now under close surveillance.
The key figures are now being monitored by security agencies to track their key sources of funding.
News
CCSO Breaks Silence, Says Allegations Were Fabricated And Unjust
… withdraw petition of alleged corruption
No fewer than 17 Civil Society Organizations, CSOs, Tuesday, withdrew allegations and begged the Director General, DG, Bureau of Public Procurement (BPP), Dr Adebowale Adedokun.
The CSOs had earlier leveled allegations of financial impropriety, abuse of office, and monetization of Certificates of No Objection against Adedokun, and the Chief of Staff, Mr. Olanrewaju Obasa, which was circulated on different conventional and online media platforms.
Also they had mobilized to hit the streets in regards to the false allegations they had earlier raised against the DG and Obasa, the Chief of Staff scheduled for this week Friday 5th December at the BPP headquarters in Abuja and the National Assembly.
The CSOs had their leaders signed the statement include: Comrade Ibrahim Bello – National Coordinator, Centre for Fiscal Transparency and Public Integrity (CFTPI); Hajiya Fatima Sani – Executive Director, Citizens Watch for Good Governance (CWGG); Barr. Chukwudi Eze – Chairman, Accountability and Democratic Values Initiative (ADVI); Dr. Mrs. Ngozi Okeke – President, Nigerian Coalition Against Corruption and Waste (NCACW); Pastor Emmanuel Adebayo – General Secretary, Voice of Conscience Foundation (VOCF); Mr. Tunde Ogunleye – National Convener, Integrity Monitors Network (IMN); Ms. Chioma Nwosu – Chairperson, Patriots for Transparent Procurement (PTP); Comrade Aisha Yusuf – National Secretary, Civil Liberties and Anti-Corruption Movement (CLACOM).
Others are, Engr. Musa Abdullahi – Director of Programmes, Due Process Advocacy Network (DPAN); Prof. Grace Adeyemi – Board Chair, National Alliance for Ethical Leadership (NAEL); Mr. Segun Olawale – Spokesperson, Citizens Coalition for Open Governance (CCOG); Barr. (Mrs.) Funmi Adewole – Legal Adviser, Justice and Accountability Project (JAP); Alhaji Usman Danladi – Northern Coordinator, Nigerian Integrity and Development Forum (NIDF); Rev. Fr. Joseph Okon – South-South Zonal Chairman, Public Funds Protection Movement (PFPM); Ms. Bolanle Adeoti – Women Leader, Transparency and Responsibility Advocates (TRA); Elder Peter Okonkwo – South-East Coordinator, Good Governance Monitors Assembly (GGMA); and Mallam Bello Yakubu – North-West Chairman, Anti-Corruption Crusaders Network (ACCN).
The statement reads in part, “Today, the leadership of the Coalition of Civil Society Organizations (CCSO) – a platform of over seventeen (17) registered and reputable civil society groups across Nigeria – addresses the nation on a matter of principle, accountability, and national interest.
“In the past week, allegations of financial impropriety, abuse of office, and monetization of Certificates of No Objection were levelled against the Director General of the Bureau of Public Procurement (BPP), Dr. Adebowale Adedokun, and the Chief of Staff, Mr. Olanrewaju Obasa. Some member organizations of CCSO, acting on reports circulating in the media and online, issued statements and began mobilizing for a national rally scheduled for Friday, 5th December 2025, at the BPP headquarters and the National Assembly.
“Following an emergency joint meeting of all seventeen member organizations, a thorough review of official records, and direct engagement with verifiable evidence provided by the Bureau, we have reached a unanimous resolution that the allegations are entirely false, baseless, and deliberately fabricated by interests opposed to the far-reaching reforms currently underway at the BPP.
“On behalf of the entire Coalition and its over seventeen member organizations, we hereby: “Unreservedly withdraw every statement, press release, social media post, or public comment issued by CCSO or any of its affiliates that implicated Dr. Adebowale Adedokun and Mr. Olanrewaju Obasa in any wrongdoing.
“Tender an unreserved and sincere public apology to: Dr. Adebowale Adedokun, Director General of the Bureau of Public Procurement; Mr. Olanrewaju Obasa, Chief of Staff; The management and staff of the BPP;
“The Honourable Minister of Finance and Coordinating Minister of the Economy; and the Federal Government of Nigeria for the distress, embarrassment, and reputational harm caused by our earlier position.”
Meanwhile, they also unanimously passed vote of confidence on the leadership of DG BPP, Dr Adedokun.
“We pass a unanimous and resounding vote of confidence in the leadership of Dr. Adebowale Adedokun. Under his stewardship, the BPP has recorded historic achievements that deserve national commendation, including:
“Blocking financial leakages through rigorous due process enforcement; Establishing the Price Intelligence Unit, Procurement Surveillance and Audit Unit, and Monitoring and Evaluation Unit; Championing the Nigeria First Policy and Affirmative Procurement;
“Deepening participation of women, youth, and Small and Medium Enterprises in federal contracts; Advancing a contractor classification and rating system set for full rollout by January 2026 – a game-changer that will end the era of awarding multibillion-naira projects to incompetent contractors.”
Also they “Officially and irrevocably cancel the planned rally of Friday, 5th December 2025. All state chapters, zonal coordinators, and partner networks are directed to stand down immediately.
“The CCSO remains irrevocably committed to the fight against corruption wherever it exists. But we are equally committed to truth, fairness, and justice. When evidence shows that a public official is not the problem but part of the solution, it is our duty to acknowledge it publicly and without hesitation. That is what we have done today.
“We urge the media, online platforms, and all Nigerians who helped amplify the false narrative to demonstrate the same courage by retracting their reports and issuing corrections.
“We commend Dr. Adebowale Adedokun and the BPP for their transparency and willingness to be held accountable – qualities that true reformers embody.”
News
Nestoil: Police refuse Bailiffs access to Nestoil premises as Lagos CP’s illegalities escalate
Concerns have been raised over the handling of police operations connected to the ongoing legal dispute involving Nestoil Group and FBNQuest, with critics warning that recent actions by the Lagos State Police Command could undermine public confidence in the Nigeria Police Force and the administration of President Bola Tinubu.
It was indicate that court bailiffs who visited the Lagos premises of Nestoil Group on Tuesday morning to serve an order issued by Justice R.N. Ofili Ajumogobia were denied access by armed police officers stationed at the location. The officers were said to have insisted that no court official would be allowed into the building without clearance from the Lagos State Commissioner of Police, CP Jimoh Moshood.
Sources familiar with the case allege that the police deployment contradicts interim orders issued by the Federal High Court in Abuja regarding the disputed property, which is claimed by Drawcok Estates Ltd. According to court documents, Drawcok Estates Ltd—represented by senior advocates Kehinde Ogunwumiu, SAN, and Ademola Abimbola, SAN—requested judicial protection over the properties located at 4 Nyasa Close, Maitama, Abuja, and 41/42 Akin Adesola Street, Victoria Island, Lagos.
In a ruling delivered on 24 November 2025 in Suit No. FHC/ABJ/CS/2385/2025, Justice Ofili Ajumogobia affirmed the applicant’s right to possess the properties and held that their previous sealing by security operatives amounted to an infringement of property rights guaranteed under the 1999 Constitution and the African Charter on Human and Peoples’ Rights.
The judge ordered the respondents—including the Nigerian Police Force and the Inspector-General of Police—to vacate the properties and provide security to enable Drawcok Estates Ltd to regain possession. The court further restrained the respondents from denying the applicant access to the premises or engaging in acts that could constitute harassment.
Despite the court’s pronouncements, stakeholders allege that a significant number of police officers remain attached to Mr. Sulu Gambari, who has described himself as a receiver-manager appointed in a related matter previously handled by Justice Isaac Dipeolu. Critics argue that continued police protection for Gambari contradicts the recent directive by the Federal Government mandating the withdrawal of police escorts from private citizens and VIPs, except under approved circumstances.
Questions have also been raised about the legality of the police presence at the Nestoil Tower property, which Drawcok Estates Ltd claims to have owned since 2012 based on documentation reportedly filed with the Lagos State Land Registry.
Observers note that it previously took several days for the police to comply with an order vacating Gambari’s earlier appointment, raising further concerns about adherence to judicial directives.
As at the time of filing this report, the Lagos State Police Command had not issued an official response to the allegations or provided clarification regarding the deployment of officers to the disputed premises.
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