By Ediri Ejoh
Enforcement proceedings commenced, yesterday, against assets linked to Abdulrahman Bashar, Chairman of the Rahamaniyya Group of Companies, in Lagos and Abuja, following court orders obtained by Petrichor Energy FZCO in connection with an approximately $40 million debt dispute.
The enforcement action follows a February 25, 2026, order of the Federal High Court, Lagos, granting Petrichor Energy FZCO leave to register a judgment of the High Court of Justice of England and Wales and registering that judgment for purposes of enforcement in Nigeria.
The Federal High Court subsequently issued writs of attachment and sale dated May 15, 2026, directing enforcement against assets belonging to Bashar and, under a separate writ, Bashar and Ultimate Oil & Gas FZCO.
The enforcement operation is now being carried out across Lagos and Abuja, with court enforcement documents served and posted at properties connected to the respondents.
Background
The Nigerian action is the latest stage of a multi-jurisdictional _ recovery effort arising from alleged unpaid petroleum product transacions between Petrichor Energ , formerly known as Energy DMCC, and Ultimate Oil & Gas. Between 2022 and 2023, Petrichor Energy claimed it supplied gasoil and Jet-Al aviation fuel to Ultimate Oil & Gas.
According to the case materials, the transactions resulted in approximately $40 million remaining outstanding, leading to legal and arbitration proceedings across several jurisdictions. On February 14, 2025, the Commercial Court of the High Court of Justice of England and Wales delivered judgment in proceedings involving E Energy DMCC an Bashar, alongside separate proceedings involving Ultimate Oil & Gas DMCC.
The judgment addressed obligations arising under Bashar’s personal guarantee, as well as principal sums, interest and costs. The Court also declined to rant a stay of execution. m Marc 30, 2026, the English High Court subsequently granted a worldwide freezing order against Bashar and UItimate Oil & Gas.
According to the accompanying case materials, the order concerned approximately $40 million in dispute assets across Nigeria, the UAE, the UK and France, restricting the defendants from disposing of or dealing with assets within the scope of the order.
The materials describe evidence concerning asset sales, defaults under a structured payment arrangement.
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