Supreme Court voids Appeal Court order freezing Nestoil, Neconde assets

Businessday | 02-06-2026 08:28am |

The Supreme Court has annulled a previous ruling by the Court of Appeal that had placed a freeze on the assets of Nestoil and Neconde. This decision was made on Monday, effectively restoring the operational status of the companies' assets. The Supreme Court's ruling underscores its authority in adjudicating matters pertaining to asset management and corporate governance. The implications of this decision will be closely monitored by stakeholders in the oil and gas sector.

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