Nigeria, Feb. 14 -- The Federal High Court in Lagos on Friday declared an oil and gas exploration company, AMNI International Petroleum Development Company, unable to pay its debts and appointed Sam Aiboni, a lawyer, as Administrator over the company's assets and operations.

In his ruling, the judge, Chukwujekwu Aneke, made the order in a suit following an application filed by Cenroc FPSO Solutions Nigerian Limited.

In the certified true copy of the ruling obtained by PREMIUM TIMES, the judge held that AMNI failed to pay $15.3 million ($15,261,329) owed to Cenroc under contracts dated 1 April 2019.

The court referenced Contracts Nos. CAP-AMN-CFS-1121-AGR-20001 and 03-AMN-CFS-GE-CNT-10001 in arriving at its decision.

Mr Aneke declared ...