Nestoil Refutes Defamatory Claims, Reaffirms Integrity, Commitment to Rule of Law
In a firm and measured response to recent online reports, Nestoil Limited has strongly refuted what it described as “defamatory and unsubstantiated claims” circulated by certain gossip platforms and individuals posing as freelance journalists.
The indigenous oil and gas company emphasized that the allegations, including insinuations of bribery and judicial interference are “entirely baseless, malicious, and orchestrated to mislead the public.”
In a detailed statement issued through its Corporate Communications Department, Nestoil reaffirmed its unwavering commitment to integrity, due process, and the rule of law, stressing that its operations have always been guided by ethical corporate principles and regulatory compliance.
“At no point has Nestoil undermined justice or influenced public or judicial officers through unethical means. We have always, and will
always, adhere to due process and the rule of law,” the statement read. “Nestoil emphatically and unreservedly rejects any insinuation or suggestion that the company, its affiliates, or its representatives have ever engaged in improper payments or attempted to subvert the judicial process.”
The company also addressed what it termed the deliberate misrepresentation of ongoing legal proceedings involving certain entities associated with First Bank of Nigeria (FBN). According to Nestoil, the said entities obtained an ex-parte order against Nestoil, its affiliate Neconde Energy Limited (Neconde), and some executives without prior notice or participation from the defendants, an action that has since been exploited to create a false public impression.
Nestoil explained that ex-parte orders are temporary judicial instruments meant only to maintain the status quo pending full hearing of all parties. However, it alleged that the FBN entities have gone beyond the intent of the order by vandalizing third-party assets and sponsoring misleading reports of a purported takeover of Nestoil and Neconde.
Such acts, the company argued, demonstrate a blatant disregard for the judicial process and appear to be part of a larger campaign to weaponize misinformation against the company. In response, Nestoil stated that it has already presented its case to the courts, refuting the claims and allegations by the FBN entities purporting to act on behalf of the banks.
“The company and its affiliates have always acted within the bounds of the law and have never engaged in conduct that could prejudice the ongoing court proceedings. These actions and the related false narratives are not only unjust but also lack any legal or factual basis,” the company added.
Warning against misinformation, Nestoil urged the media, stakeholders, and the general public to disregard sensational publications originating from anonymous or unverifiable sources. It warned that the spread of such falsehoods undermines both the integrity of the justice system and public confidence in corporate governance.
It said, “We urge all concerned parties to rely solely on verified sources and to remain alert to the dangers posed by misinformation.”
Reiterating its readiness to defend its integrity, Nestoil declared that it would pursue all available legal remedies against individuals or organizations that persist in publishing or amplifying defamatory material.
The oil giant reaffirmed its dedication to transparency, accountability, and ethical business practices, noting that its corporate philosophy has always been anchored in respect for the law and the communities it serves.
“Nestoil is, and has always been, guided by an unyielding commitment to the highest standards of integrity, transparency, and ethical business conduct,” the company said. “We operate strictly within all applicable legal and regulatory frameworks, and our longstanding adherence to these standards remains non-negotiable. As we advance, we will vigorously defend our position
through lawful means, remaining true to the values that define our organization.”
