Nigerian B2B e-commerce startup Alerzo is liquidating its delivery assets, including buses, motorcycles, and operational vehicles, as it grapples with a multibillion-naira debt owed to Moniepoint Microfinance Bank.
Videos of the company’s facility in Ibadan, filled with dusty Alerzo-branded delivery motorcycles and buses, hit social media on Thursday with a background voice urging interested buyers to come and buy as many as needed.
The asset disposal follows a Federal High Court order in Lagos that froze the company’s accounts and assets after it defaulted on a N5 billion loan obtained in January 2025 to fund working capital needs.
