Nestoil Limited Denies Allegations and Reaffirms Commitment to Integrity
Nestoil Limited has officially responded to recent online reports that have circulated on various digital platforms, labeling them as misleading and inaccurate. The company, an indigenous oil and gas firm, emphasized that these claims do not reflect the true nature of its operations or its commitment to ethical business practices.
In a statement released through its Corporate Communications Department, Nestoil reaffirmed its long-standing dedication to integrity, due process, and the rule of law. The company highlighted that its corporate values are firmly grounded in transparency and accountability. According to the statement, Nestoil operates in full compliance with regulatory standards and has never engaged in any conduct that could undermine the justice system or compromise ethical business principles.
“At no point has Nestoil acted contrary to the law or attempted to influence any judicial process. The company’s business practices have always been guided by honesty, professionalism, and respect for due process,” the statement read.
The company clarified that certain publications had misrepresented details of ongoing legal proceedings involving entities associated with First Bank of Nigeria (FBN). It explained that the matters in question are currently before the court and that all parties will have the opportunity to present their positions in line with the judicial process.
Nestoil noted that while an ex-parte order was obtained by the said entities, such orders are interim in nature and meant to preserve the status quo pending the hearing of all sides. It emphasized that it remains confident in the fairness and integrity of the Nigerian judicial system to resolve the issues in accordance with the law.
“We are fully committed to the rule of law and trust that the courts will handle the matter with fairness and transparency,” the company stated.
Addressing Misinformation and Public Concerns
The oil and gas firm also cautioned the public and media practitioners against relying on unverified information from anonymous or unofficial sources. It warned that such reports could mislead the public and distort ongoing legal processes.
“We urge all stakeholders to rely on verified, credible information from recognized sources to avoid the dangers of misinformation,” it said.
Nestoil reiterated its reputation as a responsible corporate citizen, stating that it would continue to operate with the highest ethical standards. The company remains focused on excellence, community development, and adherence to national and international regulations.
“Nestoil remains committed to ethical business practices, transparency, and respect for the rule of law. Our values remain unchanged as we continue to contribute positively to Nigeria’s oil and gas sector,” the statement concluded.
Key Points from the Statement
- Nestoil Limited has denied recent online reports, calling them misleading and inaccurate.
- The company reaffirmed its commitment to integrity, due process, and the rule of law.
- Nestoil operates in full compliance with regulatory standards and has never engaged in unethical conduct.
- The company addressed misrepresentations of legal proceedings involving FBN, emphasizing that the matters are before the court.
- Ex-parte orders are interim and do not affect the final outcome of legal cases.
- Nestoil urged the public to rely on verified sources to avoid misinformation.
- The company remains focused on ethical business practices and community development.