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, have been sealed in Lagos and Abuja following enforcement proceedings over an alleged $40 million debt. The enforcement action commenced on Wednesday after Petrichor Energy FZCO obtained court orders to recover the disputed sum. According to court documents, the Federal High […] Court orders…
The Rahamaniyya Group of Companies, led by Chairman Alhaji Abdulrahman Musa Bashar, faces enforcement proceedings over a reported $40 million debt. This action, initiated by Petrichor Energy FZCO, began on Wednesday when the court granted the company leave to enforce a judgment from the High Court of Justice in England and Wales.
Following this, writs of attachment and sale were issued on May 15, 2026, targeting Bashar's properties in Lagos and Abuja, in addition to those held by Ultimate Oil & Gas FZCO. Enforcement officials have already served documents at the targeted locations. The dispute revolves around petroleum product transactions between Petrichor Energy, previously known as CE Energy DMCC, and Ultimate Oil & Gas, which allegedly resulted in a $40 million debt from 2022 to 2023.
The court proceedings have been ongoing since February 2025, with multiple judgments and a worldwide freezing order issued on March 30, 2026, as part of the recovery efforts.
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