The dispute arose from supplies of gasoil and Jet-A1 aviation fuel by Petrichor Energy, formerly CE Energy DMCC, to Ultimate Oil & Gas between 2022 and 2023. Court materials put the combined liability at about $40.2 million, while separate proceedings later led to a worldwide freezing order covering assets in Nigeria and other countries.
Bashar鈥檚 lawyer challenged the enforcement process at a Maitama property in Abuja, arguing that proper Nigerian court documents had not been served and saying settlement talks were ongoing. He also claimed that N1 billion had been paid the previous week.
Your reaction
Story guide
Understand this story
Summary
Federal High Court officials have begun enforcing orders against assets linked to Abdulrahman Musa Bashar and Ultimate Oil & Gas over an approximately $40 million judgment debt. Officials of the Federal High Court have begun enforcement proceedings against assets linked to Rahamaniyya Group chairman Abdulrahman Musa Bashar in Lagos and Abuja over an approximately $40 million judgment debt...
Key takeaways
- Federal High Court officials have begun enforcing orders against assets linked to Abdulrahman Musa Bashar and Ultimate Oil & Gas over an approximately $40 million judgment debt.
- Officials of the Federal High Court have begun enforcement proceedings against assets linked to Rahamaniyya Group chairman Abdulrahman Musa Bashar in Lagos and Abuja over an approximately $40 million judgment debt owed to Petrichor Energy FZCO.
- The action followed a February 25 order registering an English High Court judgment for enforcement in Nigeria, with writs of attachment and sale later issued in May.The dispute arose from supplies of gasoil and Jet-A1 aviation fuel by Petrichor Energy, formerly CE Energy DMCC, to Ultimate Oil & Gas between 2022 and 2023.
Article FAQ
What is this story about?
Federal High Court officials have begun enforcing orders against assets linked to Abdulrahman Musa Bashar and Ultimate Oil & Gas over an approximately $40 million judgment debt. Officials of the Federal High Court have begun enforcement proceedings against assets linked to Rahamaniyya Group chairman Abdulrahman Musa Bashar in Lagos and Abuja over an approximately $40 million judgment debt...
Who published this story?
Glow 99.1 FM published this story with Babatunde Ademola Fadewo listed as author.
When was it published?
September 24, 2026
