Nestoil lenders say tycoon Ernest Azudialu still owes $1 billion despite Supreme Court win
Billionaires Africa | 08.06.2026 22:46
The consortium of banks and financial institutions locked in a multibillion-dollar debt recovery battle with Ernest Azudialu-Obiejesi's Nestoil Limited has issued a sharp public rebuttal to what it described as false reporting of the Supreme Court's June 1 ruling, insisting the judgment resolved nothing about the underlying debt and that recovery action has only just begun.
