Police Seal Nestoil Headquarters As First Bank Seizes Assets Owned by Firm, Azudialu-Obiejesi
By Femi Anamelechi Armed police officers sealed the Lagos headquarters of Nestoil Limited on Tuesday, following a Federal High Court order authorising First Bank of Nigeria and its subsidiary, FBNQuest Merchant Bank, to take over the company’s assets due to an alleged multi billion dollar debt default. The enforcement followed a directive issued by Justice…