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By Lizzy Chirkpi
The Federal High Court of Nigeria in Lagos has stepped into the affairs of AMNI International Petroleum Development Company Limited, placing the oil firm under court-supervised administration following a fresh debt claim by one of its creditors.
In a ruling delivered on Monday, Nicholas Aneke granted the request of CCM Vessel Management Company Limited, ordering that an independent administrator take control of the company’s business and assets in line with the Companies and Allied Matters Act (CAMA), 2020. The decision marks the second time in recent days that the court has ordered similar intervention in the company’s operations over creditor disputes.
The decision was handed down by Justice Aneke in…