Nigerian Billionaire Businessman Sentenced to Jail in Dubai

A Dubai court has recently sentenced Abdulrahman Bashar, owner of Rahmaniya Group and Ultimate Oil & Gas, to one year in jail for a financial issue involving CI Energy Company. This is the second time he’s been jailed in less than five years, with a previous sentence of ten months in the UK in 2020.

The case focused on Bashar issuing seven cheques for a total of 126.45 million dirhams that couldn’t be cashed because of mismatched signatures. He did not attend his trial even though he was notified to appear.

Evidence that led to his conviction included statements from a representative of CI Energy, copies of the cheques, and bank records. The court found that Bashar deliberately made it difficult to cash the cheques.

In a related matter in the UK, he was found guilty of not following court orders to supply a specific amount of gas oil, leading to further legal consequences.

Abdulrahman Bashar is a prominent businessman who runs a group of companies that trade in oil and distribute oil products, gaining considerable wealth from these ventures. His companies operate across Africa, Europe, South Asia, and the Middle East, involved in various sectors but primarily focusing on the oil and gas industry.