HomeBusiness NewsEconomyNigerian oil magnate, 'Rahmaniya', vows to challenge Dubai prison sentence

Nigerian oil magnate, ‘Rahmaniya’, vows to challenge Dubai prison sentence

Published on

ABUJA: Nigerian oil magnate and founder of Rahmaniya Group, Abdulrahman Bashar, has vowed to challenge a Dubai court sentence, describing it as a pressure tactics to threaten his reputation and business.

A court in Dubai, the United Arab Emirates UAE had sentenced Bashar to one year in prison for an alleged financial crime involving his dealings with CE Energy Company, an oil and gas firm.

But Bashar denied the charges and said he was taking steps to overturn the decision, working with Global law firm, HFW.

The UAE court gave the verdict on 30th January 2025 in Bashar’s absence, a development his team said denied him the opportunity to properly challenge the allegations.

READ ALSO; Breaking: Supreme Court dismisses Fubara’s suit on pro-Wike 27 Rivers lawmakers
His lawyers, HFW, in a statement through Bashar on Monday said; “We refer to the criminal proceedings and recent judgment issued in the criminal courts against Mr Bashar on 30th January 2025. First, Mr Bashar rejects any allegation of criminality.

“There are several ongoing civil disputes between CEE and Mr Bashar. The criminal proceedings have, in our view, been filed against Mr Bashar as a pressure tactic in the context of the Commercial Proceedings, to threaten Mr Bashar’s reputation and business.

“Mr Bashar will take all available steps available to him to challenge the judgment.”

Bashar alleged that CEE had used similar heavy handed litigation tactics in the commercial proceedings, including seeking a Worldwide Freezing Order from the English Court against him.

According to him, “The WFO was successfully challenged and discharged. CEE’s appeal to the Court of Appeal was also rejected. The English Court recognized the futility of CEE’s tactics.

“It is worthy of note that Bashar is currently doing his legal business in Nigeria and not in any prison as presumed”, the statement added.

Kindly share this story:

Contact: editor@thereporterng.com

Stay informed!
Follow us on: X.com: @TheReporter2024
Follow us on: Facebook: TheReporterNigeria
WhatsApp for breaking news, updates and exclusive content. Don't miss a headline – Click below to join now!
WHATSAPP

Latest articles

News Analysis: The NYSC, fake news, and the fragile thread of national unity

By Editorial Board When the alarmist headline “Urgent: The NYSC Death Trap Our Graduates Are...

NYSC refutes “death trap” allegations, reassures corps members of safety

The National Youth Service Corps (NYSC) has strongly dismissed claims circulating in a viral...

U.S. proposes 15-point plan to end Iran war – Reports *As Iran eases transit rules in Strait of Hormuz, sets conditions

The United States has presented a 15-point plan to end the war with Iran,...

Friendlies: 15 players arrive in Super Eagles’ camp in Turkey

No fewer than 15 players have arrived in Antalya as the Super Eagles opened...

More like this

News Analysis: The NYSC, fake news, and the fragile thread of national unity

By Editorial Board When the alarmist headline “Urgent: The NYSC Death Trap Our Graduates Are...

NYSC refutes “death trap” allegations, reassures corps members of safety

The National Youth Service Corps (NYSC) has strongly dismissed claims circulating in a viral...

U.S. proposes 15-point plan to end Iran war – Reports *As Iran eases transit rules in Strait of Hormuz, sets conditions

The United States has presented a 15-point plan to end the war with Iran,...