<h4>AMNI International Petroleum Development Company Under Receivership Over Bankruptcy</h4>
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<p><strong><a href="https://openlife.ng/">OpenLife Nigeria</a></strong> reports that Justice Chukwujekwu Aneke of a Federal High Court, Lagos, has ordered court-supervised administration over AMNI International Petroleum Development Company Limited.</p>
<p>Justice Aneke made the above order on Monday, delivering judgment in a suit marked FHC/L/CS/1463/25, in an application filed by CCM Vessel Management Company Limited against AMNI International Petroleum Development Company Limited.</p>
<p>The order is the second time in two weeks, reinforcing judicial oversight of the company’s affairs under Nigeria’s insolvency laws.</p>
<p>The court had on February 13, 2026, granted a similar order, in a separate creditor action filed by CENROC FPSO Solutions Nigerian Limited. Both applications were brought within the same period but arose from distinct creditor claims.</p>
<p>In the new order made on Monday, the Court appointed Mr. Sam Aiboni, Esq. as Administrator/Receiver-Manager of AMNI, granting him authority under the Companies and Allied Matters Act (CAMA), 2020 to take possession of, manage, and control the company’s business and assets.</p>
<p>The appointment empowers the Administrator to oversee AMNI’s Lagos office and operational assets tied to its upstream petroleum activities, including the FPSO Princess Aweni, formerly known as Armada Perkasa.</p>
<p>The CCM application stemmed from an alleged debt of $2.63 million relating to operations and maintenance services performed at the Okoro Field in Rivers State. The <a href="https://www.vanguardngr.com/">Court</a> held that the statutory thresholds for administration under CAMA, 2020 had been met based on the materials presented.</p>
<p>Legal analysts note that insolvency proceedings are creditor-specific, meaning multiple administration orders may arise where separate claims satisfy statutory requirements.</p>
<p>Court-supervised administration serves as a corporate rescue and creditor-protection mechanism, designed to preserve asset value, ensure independent oversight, and facilitate restructuring or orderly management.</p>
<figure id="attachment_33579" aria-describedby="caption-attachment-33579" style="width: 300px" class="wp-caption alignnone"><img class="size-medium wp-image-33579" src="https://openlife.ng/wp-content/uploads/2026/02/court-1-300x200.jpg" alt="AMNI International Petroleum Development Company Under Receivership Over Bankruptcy" width="300" height="200" /><figcaption id="caption-attachment-33579" class="wp-caption-text"><em><strong>Court</strong></em></figcaption></figure>

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