Nestoil’s Rebuttal to The Press Release in June 2026 By Abubakar Sulu-Gambari, SAN

Nestoil Limited and Neconde Energy Ltd. are strongly refuting claims made by Abubakar Sulu-Gambari, SAN, who has issued a press release asserting his role as Receiver/Manager over their assets. The companies argue that Mr. Sulu-Gambari's purported authority is baseless, citing a series of Supreme Court judgments that have nullified the legal backing for his actions.

According to Nestoil and Neconde, the Supreme Court has definitively set aside all ex parte orders previously granted to Mr. Sulu-Gambari by the Court of Appeal. These orders had provided him with injunctive reliefs. The companies emphasize that Mr. Sulu-Gambari is now attempting to mislead the public by acting as if these set-aside decisions still hold sway.

Furthermore, the companies highlight that the Supreme Court's judgments, including one from April 10, 2026 (SC/CV/46/2025) and another from June 1, 2026, have invalidated the basis of his purported receivership. These rulings indicate that his authority is subject to ongoing legal interrogation and that the ex parte orders overreached pending actions. Nestoil and Neconde also point to subsisting orders from the Federal High Court, Abuja, since December 1, 2025, which restrain Mr. Sulu-Gambari from exercising any powers related to the alleged Deeds of Appointment, making him a defendant in that suit.