Lagos Police Boss Don Defy Court Order For Nestoil Premises

Di commissioner of police don dey accused of defying di Federal High Court, Lagos Division, order wey direct make police vacate Nestoil premises. According to reports by Nestoil and court officials wey talk on condition of anonymity because dem no get authorisation to speak for di court, police officers resist di sheriff wey come enforce di ruling and even use tear gas scatter proceedings. One video wey circulate online show one security officer block one court official from carrying out di order. Di matter dey tied to ex parte orders wey First Bank entities and dia proxies, FBN Quest and First Trustees don obtain before, but di court later set dem aside after e see say evidence bin dey hidden. Despite dis, di police still block enforcement of di court order. Nestoil come talk say dem dey worried about law enforcement neutrality as di oil firm accuse FBNQuest Merchant Bank of trying to take over dia company and refusing to release account statements linked to one disputed $1 billion loan. Di firm say dem don dey prepare to appoint ten local and foreign forensic auditors to check dia bank accounts as court documents show say Nestoil don repeatedly follow up with FBNQuest and di lenders between February and June 2024 for statements, but none of dem provide am.

Di debt claims under dispute, based on unverified figures, pass $1.01 billion and N430 billion as Nestoil insist say FBNQuest as facility agent suppose act for all lenders but fail to fulfil dia fiduciary duty. Instead make dem provide di bank statements wey Nestoil request to verify payment obligations, FBNQuest run go court get ex parte Mareva and receivership orders wey freeze Nestoil assets and shares. As di matter dey hot, Drawcok Estate Limited issue public warning against unlawful attempts to sell, lease or take control of di iconic Nestoil Towers for Victoria Island as di property dey under multiple court orders. Drawcok talk say di building for 41/42 Akin Adesola Street and 60 Saka Tinubu Street don dey inside ongoing litigation for both di Federal High Court and Court of Appeal, and despite say GTBank people dey claim say dem get mandate to sell am, di claims na lie and legally useless. Di company reference Suit No. FHC/L/CS/1812/2024 wey restrain GTBank from touching di property and also mention another case, Suit No. FHC/L/CS/2127/2025, where FBNQuest and First Trustees “wrongfully, whether by error or otherwise” obtain order to seal or control di building, even as appeals still dey pending.