Officials of the Federal High Court on Wednesday, 23 September 2026, began enforcement action against properties linked to Abdulrahman Musa Bashar, Chairman of Rahamaniyya Group of Companies, in Lagos and Abuja, over about $40 million owed for gasoil and Jet-A1 aviation fuel supplied to a company of the group.
The petroleum products were supplied between 2022 and 2023 by Dubai-based Petrichor Energy FZCO, then known as CE Energy DMCC, to Ultimate Oil & Gas FZCO, the UAE-registered trading company of the Rahamaniyya Group, which Bashar chairs and owns.
Documents relating to the case show that several cargoes were delivered and that a substantial debt had built up by January 2024. Bashar gave a personal guarantee for Ultimate's obligations.
Enforcement documents were served and posted at properties connected to Bashar and Ultimate under two writs of attachment and sale dated 15 May 2026, one against Bashar and the other against Bashar and Ultimate jointly.
The writs direct the Sheriff to recover the debt through the sale of goods and chattels and the seizure of specified financial assets.
The Federal High Court, Lagos Judicial Division, issued them after a 25 February 2026 order allowing Petrichor to register a judgment of the High Court of Justice of England and Wales for enforcement in Nigeria.
At a property on Logone Close, Maitama, Abuja, Bashar's counsel, Mohammed Sheriff, objected to the exercise.
He said Bashar should have been served with a motion on notice after the English judgment was registered, and that Bashar paid N1 billion the previous week as the parties negotiate a settlement.
"We are aware, and they are settling," Sheriff said.
The English judgments treat the two obligations separately.
On 14 February 2025, the English Commercial Court ordered Ultimate to pay AED22.8 million, with interest and costs, for the outstanding cargo debt.
It ordered Bashar to pay AED122.2 million, with interest and costs, under his guarantee.
A payment agreement signed on 24 April 2025 restricted enforcement while instalments were paid.
The English High Court later recorded that Ultimate had paid AED8.7 million of the AED45.8 million due by the end of January 2026.
By March 2026, the outstanding liability stood at about $32.7 million against Bashar and about $7.5 million against Ultimate, excluding certain costs and interest.
Petroleum products held in Nigeria form part of the recovery effort.
The proceedings concerned gasoil and Jet-A1 cargoes stored at Rahamaniyya depots in Lagos and Koko, which Petrichor sought to apply towards the judgment debt.
When it granted a worldwide freezing order against Bashar and Ultimate on 30 March 2026, the English High Court also considered the difficulties Petrichor had in accessing petroleum products stored in Nigerian depots.
The proceedings also identified a Nigerian property valued at about $21.3 million.