The Supreme Court sitting in Abuja today in a panel presided over by his lordship Justice Inyang Okoro JSC ordered parties to go back to the Court of Appeal for that Court to resolve the issue of legal representation and thereafter report back on the 26th of January 2026.
Other Justices on the panel concurring with the Presiding
Justice were Justice Jauro JSC, Justice Sankey JSC, Justice Adumehin JSC and
Justice Sadiq Umar JSC.
The Supreme Court also strongly cautioned Counsel that in
matters of debt recovery, the debtor should simply be encouraged to pay the
debt rather than filing frivolous Appeals/Applications.
The appeal was filed by Nestoil, Neconde, and their
promoters, Ernest Obiejesi and Nnenna Obiejesi.
Purporting to represent Neconde was Chief Olanipekun SAN and
for Nestoil Muiz Banire SAN whose competence and authority is being challenged
by Ayo Olorunfemi SAN leading Ame Ogie for Neconde and Ayoola Ajayi SAN leading
MB Ganiyu for Nestoil.
Appearing for Ernest Azudialu-Obiejesi was Chinonye Obiagwu
SAN while Kehinde Ogunyumiju SAN leading Ademola Abimbola SAN and Chikasolu
Ojukwu SAN appeared for Nnenna Obiejesi.
Also in Court was the Receiver/Manager Mr. Abubakar
Sulu-Gambari SAN.
Representing FBNQUEST Merchant Bank Limited and First
Trustees were Babajide Koku SAN, Victor Ogude SAN, Omosanya Poopola SAN leading
Toheeb Ipaye, Kamaal Fagbemi, Kehinde Wilkey and Buchi Ofulue.
Observers as today’s proceedings as sending strong signals
to debtors and counsel to debtors that a debt owed must be paid.
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