Enforcement Action Against Bashar Over $40M Debt

On September 23, court officials initiated enforcement actions against properties linked to Alhaji Abdulrahman Musa Bashar, Chairman of Rahamaniyya Group of Companies, due to an approximately $40 million debt owed to Petrichor FZCO. This action followed a February 25, 2026, order from a Lagos court allowing Petrichor 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, targeting Bashar's assets. Bashar's counsel, Mohammed Sheriff, contested the enforcement at a property in Maitama, Abuja, claiming the officials lacked proper documentation.

Tensions escalated when associates of Bashar attempted to remove vehicles from the property. The enforcement stems from a dispute over unpaid petroleum product transactions between Petrichor and Ultimate Oil & Gas from 2022 to 2023, leading to a judgment against Bashar and Ultimate Oil & Gas in February 2025.

Despite a structured payment agreement, Ultimate Oil & Gas defaulted on payments, prompting a worldwide freezing order against Bashar's assets.