The court of appeal has rejected the appointment of Wole Olanipekun and Muiz Banire SAN as counsel representing Nestoil and Neconde in the $2 billion debt case filed by FBNQuest Merchant Bank Limited and First Trustees.
In its ruling on Friday, the court held that the powers of the Ernest Azudialu-Obiejesi-led board of directors to appoint lawyers has been suspended by the receivership.
The court granted the orders to disqualify and suspend the senior lawyers and other members of the legal team assembled by Azudialu-Obiejesi.
More details later.
