The Federal High Court in Lagos has re-appointed Amala Umeike as the Administrator of Eroton Exploration and Production Company Ltd, as the company continues its efforts to restructure operations and stabilize the business. The re-appointment follows a court order delivered on May 5, 2026, in Suit No. FHC/L/CS/861/2026 between Kenyon International West Africa Co. Ltd and Eroton Exploration and Production Company Ltd, pursuant to Section 450 of the Companies and Allied Matters Act (CAMA) 2020.
According to a public notice issued by the company on Monday in Lagos, Mr. Umeike will continue to serve as Administrator and Chief Restructuring Officer (CRO), overseeing the company's affairs on behalf of its creditors and stakeholders. The notice stated that the administrator's mandate includes stabilizing operations, preserving the company's assets, and implementing a structured turnaround process aimed at restoring the business.
It further clarified that the development does not amount to a winding-up of the company or a cessation of operations, but rather represents the continuation of a court-supervised restructuring and governance process. “The Company remains open for business without any material structural changes and will continue to engage customers, suppliers and partners in the ordinary course, subject to the CRO’s supervision and the applicable restructuring controls,” the statement said.
Under the arrangement, the CRO is expected to continue managing the company’s business affairs and assets in line with the powers granted by the court and provisions of CAMA 2020. The company also called on creditors, suppliers, and other parties with claims against it to submit verified claims and supporting documents within seven days through the administrator’s legal representatives, Stren & Blan Partners.
Eroton Exploration and Production Company is one of the indigenous operators in Nigeria’s upstream oil and gas sector. The re-appointment of Umeike is expected to provide continuity and stability as the company navigates its restructuring process under judicial oversight.
