Nestoil Pays Lenders $60m After EFCC Intervention

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Nestoil Pays Lenders $60m After EFCC Intervention

LAGOS — Nestoil has paid $60 million to its lenders under a structured repayment arrangement brokered by the Economic and Financial Crimes Commission, Premium Times has learnt. The lenders, represented by FBN Quest and First Trustees, are pursuing more than $1 billion and N430 billion from the company. In June, the Supreme Court set aside an order freezing Nestoil's assets. Neither the EFCC nor Nestoil responded to requests for comment.

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