Enforcement proceedings have commenced against assets linked to Chairman of Rahamaniyya Group of Companies, Abdulrahman Musa Bashar, in Lagos and Abuja, over an approximately $40 million debt arising from the supply of gasoil and Jet-A1 aviation fuel by Petrichor Energy FZCO to Ultimate Oil & Gas.

The enforcement action commenced yesterday, following orders of the Federal High Court, Lagos Judicial Division, recognising and registering a judgment of the High Court of Justice of England and Wales for enforcement in Nigeria.

According to the case materials, Petrichor Energy, formerly known as CE Energy DMCC, supplied gas oil and Jet-A1 to Ultimate Oil & Gas between 2022 and 2023, with about $40 million subsequently remaining outstanding,

The Federal High Court had on February 25, 2026, granted Petrichor leave to register the English judgment, while writs of attachment and sale were issued on May 15 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 the property connected to the respondents.

The Nigerian action is the latest stage of a multi-jurisdictional recovery effort involving petroleum product transactions that have generated 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 CE Energy DMCC and Bashar, as well as separate proceedings involving Ultimate Oil & Gas DMCC.

The judgment addressed obligations arising from Bashar’s personal guarantee, as well as principal sums, interest, and costs. The English court also declined to grant a stay of execution.

The dispute subsequently escalated after the English High Court, on March 30, 2026, granted a worldwide freezing order against Bashar and Ultimate Oil & Gas.

The order concerned assets within its scope across Nigeria, the United Arab Emirates, the United Kingdom and France, restricting the defendants from disposing of or dealing with those assets.

The accompanying court materials referred to concerns over the disposal of assets and defaults under a structured payment arrangement. They also identified a Nigerian property valued at approximately $21.3 million among assets considered in the proceedings.

The freezing order came amid concerns raised in the proceedings about the potential dissipation of assets. A Nigerian property valued at approximately $21.3 million was among the assets identified in the proceedings.

The dispute also remains before the Dubai International Financial Centre Courts under CFI 118/2025, where Petrichor is seeking recognition and enforcement of the English judgments. The DIFC Court has allowed the immediate-judgment application to proceed after rejecting the defendants’ application for a stay; permission to appeal that decision was subsequently granted.

The DIFC proceedings described Ultimate Oil & Gas FZCO as incorporated in the Dubai Multi Commodities Centre and Bashar as its chairman and owner.

On January 30, 2026, Bashar was sentenced to one year in prison by a Dubai criminal court over financial misconduct involving dishonoured cheques totalling AED126.45 million.

With the English judgment now registered in Nigeria and writs of attachment and sale issued by the Federal High Court, Petrichor has moved to enforce the judgment against the respondents’ assets.

The writs direct the Sheriff to levy the sums due by attaching and selling goods and chattels belonging to the respondents, and by seizing specified monetary and financial assets.

The current enforcement action represents the latest step in Petrichor Energy’s efforts to recover the sums arising from the gas oil and Jet-A1 supply transactions.