Nigeria, June 3 -- Nestoil Limited has engaged in a verbal clash with Abubakar Sulu-Gambari, the receiver/manager appointed over the company and Neconde Energy in respect of an alleged debt default.

The verbal exchange comes against the backdrop of a Supreme Court ruling delivered on Monday.

The oil firm, in a rebuttal to a recent press statement issued by the receiver/manager, noted that although Mr Sulu-Gambari admitted that the court voided an earlier ruling of the Court of Appeal which granted an injunctive relief in his favour, he directed the public to proceed in a manner showing that the apex court's decision had no effect on his exercise of power as receiver/manager.

"Now that he has completely lost all judicial cover for his p...