Court Rules Monrovia Oil Trading Corporation Liable for $3.24M in Ducor Petroleum Dispute
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New informationRepeats or wire copies
What happened
The Special Commercial Court delivered a liability ruling concerning the Monrovia Oil Trading Corporation (MOTC) on September 21, 2026. The court found MOTC liable for $3,244,100.78 that was improperly withdrawn from Ducor Petroleum Inc.’s account at the Liberia Bank for Development and Investment (LBDI). The findings fully restored Amos Brosius as the sole legitimate owner of Ducor Petroleum.
From gnnliberia.com
Why it matters
The ruling concludes a decade-long corporate dispute regarding the management of funds intended for Ducor Petroleum. The court ordered MOTC to account for the withdrawn funds and rejected the company’s claim to a 90 percent ownership stake in Ducor Petroleum.
From gnnliberia.com
Who's involved
- BrightMOTC was found liable for the funds withdrawn from Ducor Petroleum Inc.’s account.
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The entities involved
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Bright
island in Papua New Guinea
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