Dubai court jails Nigerian oil tycoon for financial crime

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A Dubai court has sentenced Abdulrahman Bashar, the owner of Rahamaniyya Group and Ultimate Oil & Gas, to one year in prison for financial misconduct involving CI Energy Company, an oil and gas firm.

Bashar was charged by UAE prosecutors for issuing seven cheques totalling 126.45 million dirhams from an Emirates Islamic Bank account, with a signature mismatch that rendered them invalid. “The crime of issuing a cheque is established merely by handing it over to the beneficiary, knowing that there are no available funds,” the court ruled.

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