The parent company of Nigerian logistics platform Kwik, Africa Delivery Technologies Holding based in the Netherlands, has been officially declared bankrupt by an Amsterdam court. The court’s decision, however, does not disrupt Kwik’s core operations in Nigeria, where the company continues to thrive, recently raising $1 million to fuel its growth and serving a robust network of over 300,000 merchants.
The bankruptcy case was triggered by a legal battle with Adam Grant, a former sales executive at Kwik, who filed a lawsuit over alleged wrongful dismissal and unpaid earnings. Although a Dutch court initially awarded Grant $120,000 in unpaid wages, both parties later agreed to settle at $75,000. Kwik paid a partial amount of $25,000 but withheld the remainder due to unresolved tax considerations in France. When discussions over tax liabilities failed, Grant escalated the matter, prompting the Dutch court to grant a bankruptcy petition.
The court ultimately ruled in Grant’s favor, determining that no tax liabilities remained outstanding. A trustee has since been appointed to oversee the liquidation of the holding company’s assets to repay creditors.
Following this development, additional claims from other creditors have surfaced. One such entity, startup lender B54, alleges that Kwik owes it $50,000 and is pursuing legal action to wind up the Nigerian operations. Meanwhile, Guardian Nigeria is reportedly taking the company to court over unpaid rent on a warehouse lease—though Kwik asserts it hasn’t been formally served in that case.
Despite these mounting pressures, Kwik’s CEO, Romain Peroit-Lellig, maintains that the Nigerian branch remains unaffected. He clarified that the entity operating in Nigeria is both financially sound and operationally independent from the now-bankrupt Dutch parent.
“We’re not insolvent. Kwik Nigeria is on firm footing, we continue to grow, pay our team and partners, and remain focused on delivering quality service,” said Peroit-Lellig. He added that the company has secured over $6 million in total funding and is currently managing about $2 million in convertible debt, which may later convert into equity.
The CEO emphasized that efforts to reach a resolution with Grant’s legal representatives are ongoing and that communication with B54 has proved challenging. Nevertheless, he assured stakeholders that Kwik’s operations, particularly in Nigeria, are stable and that services will continue as usual.
“We deeply appreciate the continued support from our customers, partners, and investors. Our commitment to operational excellence and customer satisfaction remains unchanged,” the company stated.
In the face of legal and financial turbulence at the corporate level, Kwik is positioning its local success and operational resilience as a buffer against broader fallout. The message from the leadership is clear: the deliveries will keep coming, and business will go on.
