The Equipment Leasing Registration Authority and Admiralty Maritime Services Ltd have signed a partnership to strengthen asset registration and enhance compliance in the maritime sector.

According to a statement on Wednesday, ELRA CEO Donald Wokoma described the agreement as a strategic move aligned with the authority’s mandate to formalise asset-backed financing nationwide.

Mr Wokoma said the collaboration would promote structured financing in Nigeria’s shipping and marine services sector.

He said the partnership was expected to deepen transparency, reinforce regulatory oversight and boost investor confidence for sustainable growth.

“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.

Mr Wokoma added that improved asset registration and documentation would enhance credit security for financiers and attract long-term capital inflows.

AMSL managing director, Mushsin Abba, said the partnership aligned the company’s operations and financing processes with recognised regulatory frameworks.

He said the agreement would strengthen corporate governance and improve the company’s market positioning.

“This partnership strengthens our compliance framework and positions AMSL as a transparent, investor-ready service provider. It reinforces our commitment to operational excellence and structured growth,” Mr Abba stated.

The partnership is expected to tighten compliance with lease registration standards and promote accountability in the maritime ecosystem.

(NAN)