Brand News

Court affirms Ascon Oil Company as the rightful owner of Petrol Station

Quest Oil & Engineering Services Limited, the owner of Ascon Oil Company Limited, announces that the Federal High Court in Lagos has declared it as the lawful owner of the retail filling station located at Block 36, Admiralty Way, Lekki Phase 1 which until now has been unlawfully operated.

The retail station which originally belonged to Ascon Oil Company Limited was unlawfully repossessed in connection with a court case concerning a dispute between Stanbic IBTC Bank Plc and Rain Oil Limited.

Ascon Oil | Brand News Day

The court’s decision demonstrates the strength of Ascon Oil Company Limited’s case as the lawful owner of the retail station.

Facebook Comments
Brand News Day

Recent Posts

Stanbic IBTC Bank Nigeria PMI: New Order Growth Sustained In March, But Higher Fuel Costs Lead To Surge In Prices

Stanbic IBTC Bank Nigeria PMI - Growth slowed in the Nigerian private sector at the…

3 weeks ago

LIRS Extends Deadline For Filing Individual Annual Returns To April 14, 2026

The Lagos State Internal Revenue Service (LIRS) has extended the deadline for filing individual annual…

3 weeks ago

Stanbic IBTC Hosts Maiden Nigeria Business Summit Aims To Drive Sustainable Growth Across Key Sectors

Stanbic IBTC, a leading financial services provider in Nigeria, successfully hosted the 2026 edition of…

3 weeks ago

WARC Global Advertising Trends: FIFA World Cup 2026 Predicted To Drive $10.5 Billion Surge In Ad Spend

The FIFA World Cup 2026 will be the biggest in the tournament’s history, hosted across…

1 month ago

Stanbic IBTC Economic Summit Delivers Strategic Framework For Navigating Nigeria’s 2026 Investment Landscape

Institutional investors, corporate leaders and economic experts gained practical insights into portfolio positioning at the…

2 months ago

BREAKING: President Tinubu Nominates Taiwo Oyedele As Minister Of State For Finance

President Tinubu has nominated the Presidential Committee on Fiscal Policy and Tax Reforms chairman, Mr…

2 months ago

This website uses cookies.