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Tag: Neconde

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Nestoil, Neconde Sue FirstBank, Access, Zenith, Others Over $1.8bn Alleged Crude Output Loss

Nestoil and Neconde have initiated a $1.8 billion damages suit against FBN Quest, FBN Trustees, FirstBank, their receiver, Access Bank, Zenith Bank and other parties over what they described as the reckless and unlawful disruption of oil production. The companies alleged that the actions of the banks and their receiver crippled operations, reducing crude oil […]

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Glencore, AFC, Mauritius Bank, Fidelity Sue First Bank Trustees, Receiver Over Alleged Illegal Takeover Of Neconde’s OML 42

A consortium of international lenders—Glencore Energy UK Limited, Africa Finance Corporation (AFC), Mauritius Commercial Bank, and Fidelity Bank—has instituted legal action against FBN Trustees Limited and a court-appointed receiver, Abubakar Sulu-Gambari, SAN, over what they describe as an unlawful attempt to take over Neconde Energy Limited’s interests in Oil Mining Lease 42 (OML 42). The […]

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Trump Hints at Possible U.S. Ground

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