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Court Orders Asset Seizure of Rahamaniyya Group's Bashar

Court Orders Asset Seizure of Rahamaniyya Group's Bashar

On September 23, 2026, officials from the Federal High Court commenced enforcement proceedings to seize assets linked to Alhaji Abdulrahman Musa Bashar, Chairman of Rahamaniyya Group of Companies, due to an approximately $40 million debt owed to Petrichor Energy FZCO. This action followed a February 25, 2026, order from the Federal High Court in Lagos, which granted Petrichor permission to register a judgment from the High Court of Justice of England and Wales for enforcement in Nigeria.

The Nigerian court issued writs of attachment and sale on May 15, directing the seizure of Bashar's assets. During the enforcement, Bashar's counsel, Mohammed Sheriff, contested the legality of the seizure, arguing that proper Nigerian court documents were not presented and that negotiations for settlement were ongoing, including a recent payment of N1 billion.

Tensions escalated when Bashar's associates attempted to remove vehicles from the property, leading to police intervention. The dispute originated from petroleum transactions between Petrichor and Ultimate Oil & Gas from 2022 to 2023.

Plus234Feed summary based on reporting from Punch Newspapers. Read the original report below.

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