Abdulrahman Bashar, a Nigerian oil tycoon, is facing an arrest warrant in the United Arab Emirates (UAE) for allegedly issuing dud cheques to a Dubai-based commodities trading company. The case highlights the potential legal ramifications for business disputes involving international transactions.
Abdulrahman Bashar , the owner and controlling figure behind the Rahamaniyya Group of Companies, finds himself facing legal troubles stemming from a business dispute in the United Arab Emirates ( UAE ). Bashar's company, Ultimate Oil & Gas DMCC, engaged in transactions with CE Energy DMCC, a Dubai -based commodities trading firm, between April and August 2024, purchasing gas oil and Jet A1.
However, out of nine cheques issued by Bashar to CE Energy for payment, only one was honored by his bank, Emirates Islamic Bank. The remaining eight were dishonored due to irregular signatures. Despite Bashar's repeated denials of any impropriety regarding the signatures, CE Energy maintains that there is more to the story. Issuing dud cheques constitutes a criminal offence in the UAE, leading CE Energy to report the incident to the Dubai police. This resulted in an arrest warrant being issued against Bashar. While the legal proceedings unfolded in Dubai, Bashar reportedly remained in Nigeria, seemingly evading extradition. On January 30, 2025, Bashar was sentenced to one year in prison by a Dubai court. A source close to the matter confirmed to PREMIUM TIMES that the arrest warrant against Bashar remains valid, and he is considered a fugitive with a pending jail term unless he successfully appeals the judgment. The Rahamaniyya Group of Companies, based in Nigeria, operates in the trading, supply, and distribution of African crude and oil products, contributing to Bashar's substantial wealth
Abdulrahman Bashar Rahamaniyya Group Dubai UAE CE Energy Oil Tycoon Dud Cheques Fugitive Arrest Warrant
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