Matilda Omonaiye/
A Federal High Court sitting in Lagos has been asked to compulsorily wind up Allianz Energy and Oilfield Support Limited over its alleged inability to pay an outstanding debt of N62.1 million owed to a maritime firm.
The winding-up petition was filed by Pier Dredging and Marine Technologies Limited, which claims the debt arose from an unfulfilled lease agreement involving dredging equipment.
According to the petition filed through the firm’s lawyer, Barrister Fidel Albert, the petitioner is invoking Section 572 of the Companies and Allied Matters Act (CAMA) 2020, arguing that Allianz Energy is insolvent and unable to meet its financial obligations as they fall due.
The legal…