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By Lukman Olabiyi
The Federal High Court, Lagos Division has ordered court-supervised administration over AMNI International Petroleum Development Company Limited in a fresh creditor action.
Justice Chukwujekwu Aneke granted the order yesterday while delivering judgment in a suit marked: FHC/L/CS/1463/25, filed by CCM Vessel Management Company Limited.
The decision marks the second administration order against the oil firm within two weeks, further subjecting its affairs to judicial oversight under Nigeria’s insolvency framework.
Earlier, on February 13, 2026, the court had issued a similar order in a separate creditor suit instituted by CENROC FPSO Solutions Nigerian Limited. Although both applications were filed around the same period, they arose from distinct creditor claims.
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In the latest ruling, Justice Aneke appointed Mr. Sam Aiboni as Administrator/Receiver-Manager of AMNI, empowering him under the Companies and Allied Matters Act (CAMA), 2020 to take possession of, manage and control the company’s business and assets.
The administrator is to oversee AMNI’s Lagos office and operational assets connected to its upstream petroleum operations, including the FPSO Princess Aweni, formerly known as Armada Perkasa.
The CCM application was predicated on an alleged debt of $2.63 million for operations and maintenance services rendered at the Okoro Field in Rivers State. The court held that the statutory conditions for placing the company under administration had been satisfied based on the materials before it.
Legal observers note that insolvency proceedings are creditor-driven and may result in multiple administration orders where separate claims meet the requirements of the law. Court-supervised administration is designed as a corporate rescue mechanism, aimed at preserving assets, safeguarding creditor interests and facilitating restructuring or orderly management of a company’s affairs.
