Discos Dispute: Confusion as Kunle Ogunba Claims Receiver Role against Court Order 

The controversy surrounding the alleged appointment of Receiver/ Manager over some power companies in dispute with their lenders, continue with court documents revealing Mr Kunle Ogunba’s (SAN) Notice of Appeal, pending at the Court of Appeal.

Ogunba had last week placed newspaper advertorials declaring his receivership as “court-approved”, meanwhile he also at the same time filed an appeal arguing that the same court ruling was legally “erroneous”.

Justice Akintayo Aluko of the Federal High Court had in a ruling delivered on August 5, 2025, restrained the lenders seeking to take over Kepco Energy Resource Nigeria Limited and affiliates. The ruling restrained Ogunba whom the Banks had appointed as Receiver/Manager from “taking any adverse steps” against the power companies. 

The court In the ruling further held that Ogunba’s receivership was “a subject of litigation,” not a settled fact.  

However, the senior lawyer through paid advertisements in ThisDay and Punch Newspapers stated that: “The appointment of a receiver/manager has been concluded thus necessitating the Public caveats,” essentially, presenting the receivership as a fait accompli with judicial approval.  

Meanwhile, it was learnt that Ogunba, had on August 7, 2025, a day after the advertorials were published, filed a Notice of Appeal with 10 Grounds of appeal, substantially challenging the trial court’s irders, which he had alleged approved of his Receivership. 

The filing further argues the receivership was so “statutory” that restraining it “occasioned a miscarriage of justice”, a position which experts say directly contradicts his newspaper adverts which indicated that the court had approved the appointment.  

In general, the appeal raises a contradiction regarding Ogunba’s insistence that his receivership is “statutory” and already approved by the Court. Legal experts say this amounts to “tacitly admitting that they are disputed”.