A review of the Neconde OML 42 / Nestoil case
At the Supreme Court, where legal doctrine often intersects with commercial reality, Neconde Energy Limited has placed before the apex court a dispute that could redefine the limits of receivership and corporate self-representation in Nigeria. In Appeal No: SC/CV/48/2026, the company poses a seemingly simple yet far-reaching question: can a company under receivership be stripped of the right to appoint its own counsel when the validity of that receivership is itself under judicial challenge? Wale Jacobs writes
Ehat began as a commercial dispute involving an oil asset has evolved into a constitutional and corporate law contest with significant implications for secured lending,…