Oil coy demands $40m refund from lawyers following S’Court defeat

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By Chuks Ahamefuna

After suffering defeat at the Supreme Court, an embattled oil company, Nestoil, Neconde has demanded a refund of 40million dollars which it paid to their lawyers to secure victory at the apex court.

The company had allegedly mobilized and  paid 40 million dollars to Wole Olanipekun, Bode Olanipekun, Muiz Banire and Ojukwu Chikaosula to obtain a favorable judgement at the apex court in a case of two dollars debt owed consortium of Banks.

It was gathered that the same scheme was allegedly used at the Federal High Court.

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Sources said that Justice John Tsoho, the Chief Judge of the Federal High Court, in cohort with the Olanipekuns, Banire and Ojukwu, allegedly collected five million dollars to vacate an order restraining Nestoil Limited and its affiliates from tampering with their assets following a one dollars debt.

The lawyers had assured the embattled oil companies that they can adopt the same scheme at the Supreme Court and save Nestoil and Neconde from paying their debts

Having lost the case at the Supreme Court, Nextoil, Neconde and her owners are demanding a refund of the 40 million dollars from the lawyers.

Nestoil, Neconde and her owners have been attempting to use all manner of schemes to arm-twist the judiciary and escape paying their debts of about two billion dollars owed to a consortium of Banks.

However, the Supreme Court has now ordered that aside the case returning to the Appeal court to determine Nestoil, Neconde representation, the troubled oil company must pay their debt.

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