The Group Managing Director of Rahamaniyya Oil & Gas, Abdulrahman Bashar has expressed commitment to the service agreement between his firm and Sahara Energy over the buying and selling of 15,000MT Gasoil deal between the two firms in 2018.
Bashar, in his response to a report that he had defaulted in the agreement and sentenced by a London Court, clarified that an Agreement was reached between Ultimate Oil & Gas, Sahara Energy & Rahamaniyya Oil & Gas on a payment plan for balance of cargo dues owed to Sahara Energy to be effected between Dec 2019 and 31 Jun 2020.
Abdulrahman Bashar, who stated this in a statement through his Legal Adviser, Dada Awosika, and made available to news men in Abuja on Thursday, explained that as part of the agreement, Sahara would relinquish claim over cargo return while Rahamaniyya would withdraw proceedings against Sahara in Nigerian court.
He stated that on June 5, 2020 a revised payment agreement was concluded by all parties and is expected to be completed latest by Feb 2021.
According to him, “On July 9, 2020 final award was granted in the matter of arbitration by Sole Arbitrator awarding Sahara monies in respect of cargo dues, interest and legal costs”
“In Service of the agreement dated 5 Jun 2020, N100milion was paid by Rahamaniyya to Sahara Energy on 10 August, 2020 into its Nigerian account at FCMB and N130million on 20 August, 2020.”
The statement also made clarification on the recent rumors of criminal conviction of Mr. Abdulrahaman Musa Bashar, the C&MD of Rahamaniyya Oil & Gas, in the above mentioned case.
“We wish to clarify that such claims are false, harmful & misleading. Mr. Bashar is a law abiding citizen who remains free based out of his home in Abuja, Nigeria,” the statement read.