AMNI International Petroleum Development Company Under Receivership Over Bankruptcy

<h4>AMNI International Petroleum Development Company Under Receivership Over Bankruptcy<&sol;h4>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><a href&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;">OpenLife Nigeria<&sol;a><&sol;strong> reports that Justice Chukwujekwu Aneke of a Federal High Court&comma; Lagos&comma; has ordered court-supervised administration over AMNI International Petroleum Development Company Limited&period;<&sol;p>&NewLine;<p>Justice Aneke made the above order on Monday&comma; delivering judgment in a suit marked FHC&sol;L&sol;CS&sol;1463&sol;25&comma; in an application filed by CCM Vessel Management Company Limited against AMNI International Petroleum Development Company Limited&period;<&sol;p>&NewLine;<p>The order is the second time in two weeks&comma; reinforcing judicial oversight of the company’s affairs under Nigeria’s insolvency laws&period;<&sol;p>&NewLine;<p>The court had on February 13&comma; 2026&comma; granted a similar order&comma; in a separate creditor action filed by CENROC FPSO Solutions Nigerian Limited&period; Both applications were brought within the same period but arose from distinct creditor claims&period;<&sol;p>&NewLine;<p>In the new order made on Monday&comma; the Court appointed Mr&period; Sam Aiboni&comma; Esq&period; as Administrator&sol;Receiver-Manager of AMNI&comma; granting him authority under the Companies and Allied Matters Act &lpar;CAMA&rpar;&comma; 2020 to take possession of&comma; manage&comma; and control the company’s business and assets&period;<&sol;p>&NewLine;<p>The appointment empowers the Administrator to oversee AMNI’s Lagos office and operational assets tied to its upstream petroleum activities&comma; including the FPSO Princess Aweni&comma; formerly known as Armada Perkasa&period;<&sol;p>&NewLine;<p>The CCM application stemmed from an alleged debt of &dollar;2&period;63 million relating to operations and maintenance services performed at the Okoro Field in Rivers State&period; The <a href&equals;"https&colon;&sol;&sol;www&period;vanguardngr&period;com&sol;">Court<&sol;a> held that the statutory thresholds for administration under CAMA&comma; 2020 had been met based on the materials presented&period;<&sol;p>&NewLine;<p>Legal analysts note that insolvency proceedings are creditor-specific&comma; meaning multiple administration orders may arise where separate claims satisfy statutory requirements&period;<&sol;p>&NewLine;<p>Court-supervised administration serves as a corporate rescue and creditor-protection mechanism&comma; designed to preserve asset value&comma; ensure independent oversight&comma; and facilitate restructuring or orderly management&period;<&sol;p>&NewLine;<figure id&equals;"attachment&lowbar;33579" aria-describedby&equals;"caption-attachment-33579" style&equals;"width&colon; 300px" class&equals;"wp-caption alignnone"><img class&equals;"size-medium wp-image-33579" src&equals;"https&colon;&sol;&sol;openlife&period;ng&sol;wp-content&sol;uploads&sol;2026&sol;02&sol;court-1-300x200&period;jpg" alt&equals;"AMNI International Petroleum Development Company Under Receivership Over Bankruptcy" width&equals;"300" height&equals;"200" &sol;><figcaption id&equals;"caption-attachment-33579" class&equals;"wp-caption-text"><em><strong>Court<&sol;strong><&sol;em><&sol;figcaption><&sol;figure>&NewLine;