A Dubai court has sentenced Nigerian billionaire, Abdulrahman Bashar, owner of Rahmaniya Filling Station and Ultimate Oil and Gas, to one year in prison over financial crimes linked to his dealings with CI Energy Company.
According to court documents, the United Arab Emirates (UAE) court delivered its verdict on January 30, 2025. The case centered on Abdulrahman Bashar’s issuance of seven cheques totaling 126.45 million dirhams, drawn from an Emirates Islamic Bank account, which were rejected due to a mismatch in his signature.
The prosecution accused Abdulrahman Bashar of deliberately issuing the cheques in a manner that prevented them from being cashed. As a result, they urged the court to punish him under UAE financial crime laws.
During the trial, the court reviewed evidence, including testimony from Jamal Awad Nasser Hussein, an agent of CI Energy, along with cheque duplicates and account statements. The court ruled that the cheques were returned unpaid due to discrepancies in Bashar’s signature.
“It is established that the crime of issuing a cheque is realized merely by giving the cheque to the beneficiary, knowing that there is no balance available for withdrawal,” the court stated in proceedings led by Judge Hussein Hamdi.
This marks the second time in five years that Abdulrahman Bashar has faced legal punishment for financial crimes abroad. His latest conviction raises further concerns about his business dealings and financial practices.
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cc: Daily Post Ng
