Disputed $4.66m: Court acquits Lionstone MD, Ndili, firms

By Henry Ojelu
The Lagos State High Court sitting in Ikeja has discharged and acquitted the Managing Director of Lionstone Offshore Services Limited and Lionstone Company Limited, Mr Amaechi Ndili, his co-defendant, Mrs Njide Chizoba Ndili, and the two companies over a disputed $4.66 million claimed by Hercules Offshore Nigeria Limited.
Justice O. O. Abike-Fadipe, in a judgment delivered on Wednesday, September 16, 2026, upheld the defendants’ no-case submission, ruling that the prosecution failed to establish a prima facie case against them on the four-count charge.
The defendants were charged with conspiracy to steal, stealing by dishonest conversion, stealing funds held under dir...