Nestoil Group Assures Stakeholders It Remains Fully Operational Amid Sealing of Lagos Headquarters

Nestoil Limited, a leading indigenous oil-and-gas engineering and services company in Nigeria, has confirmed that its operations remain unaffected despite the sealing of its corporate headquarters in Lagos.

What Happened

A Federal High Court in Lagos issued a Mareva injunction on October 22, 2025, ordering the freezing of the company’s assets linked to alleged unpaid debts amounting to over $1 billion and ₦430 billion. Armed police operatives subsequently sealed Nestoil’s Victoria Island head office as part of enforcement actions.

Company Response

In a public statement, Nestoil described the issue as “a commercial dispute currently before the courts” and reassured stakeholders that all its business lines — spanning oil, gas, power, and infrastructure — continue to operate without disruption.
The company further emphasised that it remains financially stable, operationally resilient, and strategically focused, with no threat to its ongoing projects or commitments.

Why It Matters for the Energy Sector

• Operational Continuity: Nestoil’s assurance of business-as-usual helps mitigate client and partner concerns about project delays or supply-chain interruptions.

• Financial & Legal Signals: The enforcement action underscores the growing scrutiny and financial pressure within Nigeria’s oil and gas services sector, highlighting the need for fiscal discipline and transparent debt management.

• Reputation & Trust: Nestoil’s quick response and focus on integrity and transparency have helped sustain stakeholder confidence amid the legal proceedings.

What’s Next

A court hearing on the substantive case is expected soon. In the meantime, Nestoil has stated its commitment to cooperate fully with relevant authorities and financial partners, while keeping all operations steady and stakeholders informed.