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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.
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‘Ombugadu Is a Brand, Not a Title’ — PDP Chieftain
By Emmanuel Kuza
A chieftain of the Peoples Democratic Party (PDP) in Nasarawa State, Abuga Ovie, has described the name Ombugadu as a political brand, saying the popularity and wide acceptance of the name have made David Emmanuel Ombugadu a major force in the state’s political landscape.
Ovie, who stated this in an interview on Tuesday, said what started as opposition from some of Ombugadu’s biological brothers and people he described as fathers and uncles who betrayed him for personal political interests had now assumed a wider dimension, with political parties allegedly joining the battle against him.
According to him, the latest development was an attempt to undermine the political value of the Ombugadu name by presenting another person with the same surname, describing it as an indication of how far some political actors were prepared to go to weaken the PDP governorship candidate.
“Ombugadu is a brand, not a title. The people are not fools. They know their own. You cannot simply bring another person bearing the same name and expect the people to forget the political identity that Ombugadu has built over the years,” he said.
He further alleged that a former governor was working to introduce a political associate who had served as Accountant-General of Nasarawa State into the political equation, with the alleged objective of destabilising the PDP and weakening its chances by ensuring that the party fields a less competitive candidate in 2027.
“The plan, as we understand it, is to destabilise the PDP and make sure the party presents a weak candidate, thereby creating an advantage for the former governor’s preferred candidate. But all those efforts have proved abortive because the national leadership of the PDP stood its ground and refused to lose its best bet for the 2027 governorship election,” Ovie said.
The PDP chieftain said the resolve of the national leadership to retain Ombugadu had demonstrated the confidence the party had in his capacity to win the governorship election, despite what he described as attempts by some political actors to frustrate his ambition.
Ovie urged political parties and their leaders to resolve their internal differences instead of concentrating their efforts on Ombugadu, whom he compared to David in the Bible, saying he remained focused despite betrayal and opposition from those close to him.
“Ombugadu is like David in the Bible. Even when his brothers forsook him, he remained focused. Today, despite the people who have betrayed him, he remains focused and has a blueprint that can rescue Nasarawa State,” he said.
He said political parties should concentrate on presenting their programmes and convincing voters about how they intend to address the challenges confronting the state rather than expending their energy on attempts to stop Ombugadu.
“Political parties should fix their problems instead of wasting their strength fighting Ombugadu. Let everybody bring their blueprint before the people and explain what they intend to do for Nasarawa State,” he said.
Ovie maintained that the 2027 election should be about ideas, competence and the future of Nasarawa State, rather than attempts to manipulate political structures or undermine individuals perceived to enjoy strong grassroots support.
He urged the people of the state, particularly the Eggon community, to remain politically vigilant and resist what he described as efforts to make them settle for less, insisting that voters would ultimately determine who enjoys their confidence at the polls.
Reduce repeated references to Ombugadu
News
200 widows benefit from empowerment outreach in Plateau
By Israel Adamu, Jos
Two hundred widows from communities across Langtang North Central State Constituency of Plateau State have benefited from an empowerment outreach organised by Gimbiya Gani Nandir Lar under the Jagoran Talakawa movement.
The outreach, held at Pilgani in Langtang North Local Government Area, was aimed at supporting vulnerable women and drawing attention to the challenges faced by widows, particularly those struggling to provide food, pay school fees and meet other basic needs for their families.
The organiser, Nandir Lar, who is the All Progressives Congress, APC, candidate for Langtang North Central State Constituency, said the gesture was motivated by compassion and concern for vulnerable members of the society.
She stressed that the outreach was not a political programme but an expression of love and support for humanity.
Nandir Lar said: “The plight of widows may not always make headlines, but their struggles are real, painful and deserving of our collective attention.
“This is simply an expression of compassion and love for humanity. It is not a political programme.
“Our constituency is home to people with diverse needs, including mothers, widows and young people who are seeking opportunities to improve their lives.”
Former Provost of the Federal College of Education, Pankshin, Amos Chirfat, commended the initiative, saying it had brought smiles to the faces of vulnerable women in the constituency.
Minority Leader of the Langtang North Legislative Council, Dirya Sheni, also commended Nandir Lar for supporting widows and other vulnerable members of the community.
At the end of the outreach, each of the 200 beneficiaries received a 10-kilogramme bag of corn flour, seasoning and N10,000 cash
News
SCUML, REDAN Strengthen Collaboration on Anti -Money Laundering Compliance
By Francis Wilfred
The Special Control Unit against Money Laundering (SCUML), and the Real Estate Developers Association of Nigeria (REDAN) have expressed commitment to ensure a full compliance with the Anti Money Laundering/Counter Finance on Terrorism/Counter Proliferation Financing, (AML/CFT/CPF) laws within the Nigeria’s real estate sector.
They made the resolve during a stakeholders’ engagement held on Thursday, September 10, 2026
The engagement focused on Mutual Evaluation readiness, risk-based supervision, beneficial ownership transparency, customer due diligence, internal controls and stronger collaboration between SCUML and the real estate sector.
Assistant Commander of the EFCC, ACE 1 Ibinabo Amachree, speaking on behalf of SCUML highlighted the strategic role of real estate operators in protecting the integrity of Nigeria’s financial system, particularly given the sector’s vulnerability to money laundering and other financial crime risks.
Amachree encouraged REDAN members to move beyond registration to ensure that compliance is embedded in their day-to-day operations. He mentioned the areas to include: understanding institutional risks, knowing customers and beneficial owners, identifying politically exposed persons, conducting appropriate sanctions screening, maintaining effective internal controls and meeting applicable reporting obligations
He, therefore, reaffirmed readiness to working closely with REDAN and other stakeholders to improve compliance, build capacity and promote a stronger culture of accountability across the real estate sector
“The message is clear: effective compliance is not just about meeting regulatory requirements; it is about protecting businesses, strengthening the real estate sector and safeguarding the integrity of Nigeria’s financial system”, she said.
In his remarks, the Chairman of REDAN, Lagos state, Mr Tony Kolawole pledged readiness to partner with SCUML in ensuring compliance with AML/CFT/CPF in the real estate sector to uphold financial integrity.
The engagement also provided an opportunity for REDAN members to share practical regulatory and operational challenges affecting the sector, reinforcing the importance of continuous dialogue between regulators and industry stakeholders.
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