S'Court restores Olanipekun, Banire as counsel in $2bn Nestoil/Neconde dispute, faults A'Court

The Supreme Court reinstated Wole Olanipekun and Dr. Muiz Banire as counsel for Neconde Energy Limited and Nestoil Limited in a $2 billion dispute. The Court of Appeal's earlier decision disqualifying them was set aside. The Court affirmed that companies have the right to choose their legal representatives, especially in cases challenging the validity of a receiver's appointment. It emphasized that a receiver cannot determine a company's legal representation when the legality of their appointment is under dispute.