The Admiralty Maritime Services Limited and the Equipment Leasing Registration Authority have signed a strategic partnership aimed at strengthening asset registration, enhancing regulatory compliance, and attracting long-term capital into Nigeria’s shipping and marine services sector.
The agreement, formalised at a signing ceremony in Abuja, is expected to deepen transparency, reinforce oversight, and promote structured asset-backed financing across the maritime industry.
In a statement issued on Tuesday by Adebola Sunday, Head of Media and Corporate Communication of the Equipment Leasing Registration Authority, Donald Wokoma, Registrar and Chief Executive Officer of the Authority, described the partnership as a practical step toward formalising asset-backed financing nationwide.
According to Wokoma, the collaboration aligns with the Authority’s mandate to regulate lease registration and ensure compliance with established standards.
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“This partnership is a practical step that reinforces our regulatory mandate and drives structured asset financing in the industry. It will strengthen compliance with lease registration standards and deepen transparency across operations,” he said.
He added that improved asset registration and documentation would enhance credit security for financiers, reduce risk exposure, and attract sustainable long-term investment into the maritime sector.
Speaking at the event, Mushsin Abba, Managing Director of Admiralty Maritime Services Limited, said the agreement would align the company’s operations and financing processes with recognised regulatory frameworks.
He noted that the partnership would strengthen corporate governance and position the company as an investor-ready maritime service provider.
“This partnership strengthens our compliance framework and positions us as a transparent, investor-ready service provider. It reinforces our commitment to operational excellence and structured growth,” Abba stated.
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The statement added that the partnership is expected to tighten compliance with lease registration standards, formalise structured asset financing, strengthen investor confidence, and promote accountability and regulatory alignment.
