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The Commercial Division of the High Court has declared Eco Petrol Uganda Limited insolvent over its failure to pay an outstanding debt of about sh488.8 million owed to China Nanjing International Limited.
Justice Patience Rubagumya, on July 21, 2026, ruled that the petroleum trading company was unable to pay its debts and ordered that it be wound up under the Insolvency Act. The judge also appointed the Official Receiver as the company’s provisional liquidator, whose identity is yet to be disclosed.
Through its lawyer, Allan James Mwigo of Signature Advocates, China Nanjing International Limited, an authorised economic operator and construction company, petitioned the court after Eco Petrol Uganda Limited allegedly failed…