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

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

    Published on

    spot_img
    spot_img

    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

    Kwara Church Attack -Bandits place N100 million ransom on each of the 38 victims.

    The bandits who abducted worshippers at the Christ Apostolic Church CAC, Eruku in Ekiti...

    Lagos State Council for Arts and Culture Joins Other States in Celebrating NAFEST 2025

    The Lagos State Council for Arts and Culture proudly announces its participation in the...

    Abduction of school girls: Tinubu orders Minister Matawalle to relocate to Kebbi

    PRESIDENT Bola Tinubu on Thursday, directed the Minister of State for Defence, Alhaji Bello...

    Crash on Otedola Bridge: Miracle as baby survives horror crash unhurt

    In what many described as a miracle, an eight-month-old baby was rescued unhurt after...

    More like this

    Kwara Church Attack -Bandits place N100 million ransom on each of the 38 victims.

    The bandits who abducted worshippers at the Christ Apostolic Church CAC, Eruku in Ekiti...

    Lagos State Council for Arts and Culture Joins Other States in Celebrating NAFEST 2025

    The Lagos State Council for Arts and Culture proudly announces its participation in the...

    Abduction of school girls: Tinubu orders Minister Matawalle to relocate to Kebbi

    PRESIDENT Bola Tinubu on Thursday, directed the Minister of State for Defence, Alhaji Bello...