The Group Managing Director of Rahamaniyya Oil and Gas Abdulrahman Bashir 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.
Bashir, 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 and Gas, Sahara Energy and Rahamaniyya Oil and Gas on a payment plan for the balance of cargo dues owed to Sahara Energy to be effected between December 2019 and 31 June 2020.
Speaking through Dada Awosika, his Legal Adviser in a statement issued in Abuja on Thursday, the oil and gas businessman explained that as part of the agreement, Sahara would relinquish claim over cargo return while Rahamaniyya would withdraw proceedings against Sahara in a Nigerian court.
He stated that on 5 June 2020 a revised payment agreement was concluded by all parties and is expected to be completed the latest by February 2021.“On 9 July 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,” Bashir said.
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“In Service of the agreement dated 5 June 2020, N100 million was paid by Rahamaniyya to Sahara Energy on 10 August 2020 into its Nigerian account at FCMB and N130 million on 20 August 2020.
In light of recent rumors circulating, to do with a criminal conviction of Abdulrahaman Bashir, the C&MD of Rahamaniyya Oil and Gas, in the above-mentioned case, we wish to clarify that such claims are false, harmful and misleading. Bashir is a law-abiding citizen who remains free based out of his home in Abuja, Nigeria.”