Alerzo Sells Assets Amid N4.38bn Debt Crisis

Alerzo, a Nigerian B2B e-commerce startup, has initiated the sale of its assets as it grapples with a N4.38 billion debt owed to Moniepoint Microfin Bank. The company is liquidating its delivery assets, including buses and motorcycles, after a Federal High Court in Lagos froze its accounts due to a default on a N5 billion loan obtained in January 2025.

The loan was intended to stabilize operations and sustain inventory supply to retailers. Alerzo's financial difficulties have been attributed to harsh economic conditions in Nigeria, which have placed significant pressure on its operations.

The company, which once expanded rapidly across Lagos, Oyo, and Ogun State, has struggled with high operational costs and low margins in the logistics sector. The court granted Moniepoint a Mareva injunction limiting Alerzo's financial activities pending the resolution of the debt issue, highlighting the fragility of the startup ecosystem in Nigeria amid tightening capital markets.