Nigeria, April 11 -- The Supreme Court on Friday set aside a Court of Appeal decision that disqualified senior lawyers Wole Olanipekun and Muiz Banire from appearing for Nestoil Limited and Neconde Energy Limited in a $2 billion dispute over a contested receivership.

In a unanimous judgement delivered by Mohammed Idris, the court held that a receiver whose appointment is being challenged in court cannot, in the same proceedings, assume control over the company's choice of legal representation, Vanguard newspaper reported.

The court ruled that doing so would create a clear conflict of interest, especially where the validity of the receivership itself is the central issue before the court.

Mr Olanipekun can resume his role for Neconde En...