Umeike Reappointed as Administrator of Eroton Exploration During Restructuring Efforts

Jonathan Eze

The Federal High Court in Lagos has re‑appointed Mr. Amala Umeike as Administrator of Eroton Exploration and Production Company Ltd, as the company continues its restructuring and business stabilisation efforts.

The re‑appointment follows an order issued on 5 May 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 released by the company on Wednesday in Lagos, Umeike will remain Administrator and Chief Restructuring Officer (CRO), overseeing the company’s affairs for its creditors and stakeholders.

The notice states that the administrator’s mandate is to stabilise operations, preserve the company’s assets and implement a structured turnaround process aimed at restoring the business.

It also clarifies that this development does not constitute a winding‑up or cessation of operations, but rather a 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 will manage the company’s business affairs and assets in accordance with the powers granted by the court and the provisions of CAMA 2020.

The company has 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.