How Petroleum Debt Dispute Led to Enforcement Proceedings in Nigeria

THISDAYLIVE | 30-09-2026 04:07am |

A petroleum trading dispute between Petrichor Energy FZCO and Ultimate Oil & Gas FZCO has led to enforcement proceedings in Nigeria. The dispute involves supplies of gasoil and Jet-A1 aviation fuel between 2022 and 2023. The parties disagreed over outstanding obligations, leading to legal proceedings in multiple jurisdictions. A judgment was obtained by Petrichor in England on February 14, 2025, and the matter has now reached Nigeria for enforcement.

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