The Madnani File

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Neconde Energy Limited

Former

A Nigerian producer holding an interest in oil mining lease OML 42. Madnani's profiles list him as a former non-executive director. The company has since been the subject of substantial litigation in which he is not a party.

Role
Non-Executive Director
Jurisdiction
Nigeria
Sector
Oil and gas

Neconde Energy Limited holds an interest in OML 42 in the Niger Delta. Madnani is described in his own published profiles as a former non-executive director of the company; this archive has not located a filing that states the dates of that appointment.

Since 2025 the company has been the subject of substantial reported litigation: a debt recovery action in which a Receiver/Manager was appointed over the interests of Neconde and Nestoil, orders restraining the operation of bank accounts, and proceedings against the Nigerian Upstream Petroleum Regulatory Commission which Neconde discontinued in April 2026.

Madnani is not a party to any of that litigation in the reporting located here, and it postdates the period in which his profiles place him at the company. The matter is recorded because the entity appears on his stated history, not because it implicates him.

Sources

  1. Receiver/Manager of Nestoil and Neconde's interest in OML 42 JV secure major win as the Appeal Court disqualifies counselThe Guardian (Nigeria)
  2. OML 42: Neconde asks Abuja Court to restrain NUPRC's asset disruption approval to banksNairametrics
  3. OML 42 case: Neconde discontinues disruption approval suit against NUPRCNairametrics