Court begins asset seizure linked to Rahamaniyya chairman over alleged $40m debt
A Federal High Court has begun taking control of assets in Lagos and Abuja linked to the chairman of Rahamaniyya Group. The action relates to an alleged $40 million oil debt owed to Petrichor Energy, according to Punch Nigeria.
A Federal High Court has begun seizing assets in Lagos and Abuja linked to the chairman of Rahamaniyya Group over an alleged $40 million oil debt. Punch Nigeria reported that the assets are connected to the company’s chairman, although the supplied report does not identify the specific properties or businesses involved. The alleged debt is owed to Petrichor Energy, according to the report.
The court action marks the start of an asset-seizure process relating to the dispute. The available information does not state when the order was issued, the parties’ responses, or whether the alleged debt has been contested in court.
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