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Court Rules Monrovia Oil Trading Corporation Liable for $3.24M in Ducor Petroleum Dispute

2 reports, 1 independent Updated Sep 21
Gone quiet Reached 2 outlets in its first 24 hours
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What happened

Some supportReported by 1 outlet

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 The court found MOTC liable for $3,244,100.78 that was improperly withdrawn from Ducor Petroleum Inc.’s account at the Liberia Bank for Development and Investment (LBDI).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

Some supportBrind's analysis of the reports

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 The court ordered MOTC to account for the withdrawn funds and rejected the company’s claim to a 90 percent ownership stake in Ducor Petroleum.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  • BrightMOTC was found liable for the funds withdrawn from Ducor Petroleum Inc.’s account.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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    island in Papua New Guinea

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Coverage

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