Nestoil Group Affirms Uninterrupted Operations Amid Lagos Office Sealing Lagos, Nigeria — Nestoil Group has reaffirmed that its operations across Nigeria remain fully functional despite the temporary sealing of its Lagos head office by security operatives, following a court order related to a commercial dispute. The clarification comes after reports surfaced that the company’s headquarters in Victoria Island had been sealed over a debt issue involving FBNQuest Merchant Bank Limited and First Trustees Limited, both subsidiaries of First Bank of Nigeria Limited. In an official statement released on Tuesday, Nestoil described the development as a procedural matter currently before the courts and emphasized that it has not affected business continuity across its subsidiaries and project sites. “Nestoil is aware of the reports and ongoing legal processes referenced in the media. The situation relates to a commercial matter currently before the courts, which is being addressed through appropriate legal and regulatory channels,” the company said. The statement further noted that proactive measures have been implemented to ensure smooth operations. Employees are working remotely while the Group engages relevant authorities and stakeholders to resolve the matter through lawful means. “Nestoil remains fully operational across all business lines. Our subsidiaries, projects, and commitments in the oil, gas, power, and infrastructure sectors continue without disruption. Proactive measures have been implemented to protect our workforce, sustain operations, and uphold our obligations to clients and partners,” the statement added. The company also assured clients, partners, and investors of its financial stability, reaffirming its commitment to all ongoing projects within the energy and infrastructure sectors. Nestoil described the sealing of its Victoria Island office as a temporary step in an ongoing commercial process and expressed confidence that the issue would be resolved promptly through lawful and constructive engagement. ⸻ Would you like me to adapt this into a publish-ready press release format (with headline, dateline, and spokesperson quote formatting), or keep it as a neutral news report for editorial use?

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Nestoil Group Affirms Uninterrupted Operations Amid Lagos Office Sealing

Lagos, Nigeria — Nestoil Group has reaffirmed that its operations across Nigeria remain fully functional despite the temporary sealing of its Lagos head office by security operatives, following a court order related to a commercial dispute.

The clarification comes after reports surfaced that the company’s headquarters in Victoria Island had been sealed over a debt issue involving FBNQuest Merchant Bank Limited and First Trustees Limited, both subsidiaries of First Bank of Nigeria Limited.

In an official statement released on Tuesday, Nestoil described the development as a procedural matter currently before the courts and emphasized that it has not affected business continuity across its subsidiaries and project sites.

“Nestoil is aware of the reports and ongoing legal processes referenced in the media. The situation relates to a commercial matter currently before the courts, which is being addressed through appropriate legal and regulatory channels,” the company said.

The statement further noted that proactive measures have been implemented to ensure smooth operations. Employees are working remotely while the Group engages relevant authorities and stakeholders to resolve the matter through lawful means.

“Nestoil remains fully operational across all business lines. Our subsidiaries, projects, and commitments in the oil, gas, power, and infrastructure sectors continue without disruption. Proactive measures have been implemented to protect our workforce, sustain operations, and uphold our obligations to clients and partners,” the statement added.

The company also assured clients, partners, and investors of its financial stability, reaffirming its commitment to all ongoing projects within the energy and infrastructure sectors.

Nestoil described the sealing of its Victoria Island office as a temporary step in an ongoing commercial process and expressed confidence that the issue would be resolved promptly through lawful and constructive engagement.

Would you like me to adapt this into a publish-ready press release format (with headline, dateline, and spokesperson quote formatting), or keep it as a neutral news report for editorial use?

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