A $1 billion debt appeal involving Nestoil Limited and Neconde Energy Limited at the Court of Appeal in Lagos has been halted due to a dispute over legal representation. The appeal challenges a Federal High Court ruling that lifted a Mareva injunction on the companies’ assets.
The court, led by Justice Yargata Nimpar, has restored the receivership process. However, proceedings stalled when multiple Senior Advocates of Nigeria announced conflicting appearances for the same parties. Justice Nimpar deemed the representation issue fundamental, adjourning the case until January 15, 2026, for its resolution.