Nestoil Group (“the Group”) acknowledges recent media reports regarding certain enforcement actions and the status of its corporate assets. We wish to provide the following clarifications to our stakeholders, partners, and the general public:
1. Awareness and Context
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.
2. Active Engagement and Resolution Efforts
The Group continues to cooperate fully with all relevant authorities and financial partners to resolve any outstanding matters in a transparent and responsible manner. Constructive discussions are ongoing, and we remain confident that these engagements will result in a fair and lasting resolution.
3. Business Continuity and Operational Stability
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.
4. Our Legacy of Integrity and Corporate Responsibility
For over three decades, Nestoil has built a reputation as one of Nigeria’s foremost indigenous EPC and energy companies. We remain guided by our core values of resilience, integrity, and transparency, and will continue to conduct our business with professionalism and respect for the rule of law. These values define who we are and serve as a constant anchor through every challenge and opportunity we face.
5. Assurance to Stakeholders
We understand the concerns that recent reports may have generated and wish to assure all stakeholders that Nestoil Group remains financially strong, operationally stable, and strategically focused.
We will continue to provide updates as appropriate and urge the public and media to rely solely on verified communications issued directly by the Group.