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flag Nigeria’s court reinstates seizure of Nestoil’s Lagos HQ, reversing earlier pause in debt recovery.

flag Nestoil Limited’s Lagos headquarters was repossessed on December 1, 2025, after Nigeria’s Court of Appeal reinstated a receiver’s authority, reversing a prior court order that had paused the asset seizure. flag The decision, issued November 28, followed a legal standoff between the oil and gas firm and lenders including First Trustees Ltd and FBNQuest Merchant Bank, who sought to protect over $2 billion in debts. flag The receivership, triggered by loan defaults amid falling oil prices and project delays, was enforced with heavily armed police securing the site. flag A full appeal hearing is scheduled for December 4, 2025.

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