Court orders enforcement against Rahamaniyya group Chairman’s properties over $40m debt

Properties linked to Alhaji Abdulrahman Musa Bashar, Chairman of the Rahamaniyya Group of Companies, person been sealed successful Lagos and Abuja pursuing enforcement proceedings implicit an alleged $40 cardinal debt.

The enforcement enactment commenced connected Wednesday aft Petrichor Energy FZCO obtained tribunal orders to retrieve the disputed sum.

According to tribunal documents, the Federal High Court successful Lagos, connected February 25, 2026, granted Petrichor Energy FZCO permission to registry and enforce a judgement of the High Court of Justice of England and Wales successful Nigeria.

The tribunal subsequently issued writs of attachment and merchantability connected May 15, 2026, authorising enforcement against assets belonging to Bashar and, nether a abstracted writ, Bashar and Ultimate Oil & Gas FZCO.

Court enforcement officials person reportedly served and posted enforcement documents astatine properties linked to the respondents successful Lagos and Abuja.

The quality stems from petroleum merchandise transactions betwixt Petrichor Energy, formerly known arsenic CE Energy DMCC, and Ultimate Oil & Gas.

According to lawsuit materials, Petrichor Energy supplied gasoil and Jet-A1 aviation substance to Ultimate Oil & Gas betwixt 2022 and 2023. The transactions allegedly resulted successful an outstanding indebtedness of astir $40 million, prompting ineligible and arbitration proceedings successful aggregate jurisdictions.