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UK Court Jails Nigerian Oil Mogul, Abdulrahman Bashir

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UK Court Jails Nigerian Oil Mogul, Abdulrahman Bashir Pointloaded

The Chief Executive Officer of Rahamaniyya Oil and Gas Limited, Abdulrahman Bashir has been jailed in the United Kingdom.

Justice Butcher of England and Wales High Court sentenced the Nigerian oil mogul after he was found guilty of breaching multiple orders of the court in a pending suit instituted by Sahara Energy Resources Ltd.

Bashir who was handed a 10 months jail sentence, had been ordered to comply with requests for the release of 6,400.69 metric tonnes gas oil to Sahara Energy Resource Ltd or its agent from Rahamaniyya Oil and Gas Ltd, Jetty 6.436181, Ibafon, Kirikiri Waterfront, of Aero Maritime Street, Apapa, Lagos, Nigeria (“the Terminal”).

This was in line with the deal Ultimate Oil and Gas, the trading arm of Rahamaniyya Oil in the Dubai Multi Commodities Centre (DMCC), entered into a deal with Sahara Energy in 2018. In the signed contract, Ultimate agreed to buy, and Sahara agreed to sell 15,000 metric tonnes in the Vacuum of Gas Oil.

A Collateral Management Agreement (CMA) containing a London arbitration clause was entered into on July 8, 2018 between the two parties and it was further learnt that Rahamaniyya agreed to store the gas oil at its terminal pending payment by Ultimate.

Premium Times reported that Sahara delivered a total of 14,967.159 metric tonnes of gas oil to Rahamaniyya’s terminal in Nigeria and also issued invoices for the gas oil on October 26, 2018 for USD 10,760,728.77. The payment should have been made by August 29, 2019 but Ultimate defaulted in making necessary payments.

In December 2018, Ultimate and Sahara entered into a settlement agreement in which Ultimate confirmed that the value of gas oil that had been delivered was USD 10,760,728.77, and agreed to make a series of monthly payments for it.

Court records showed that some payments were made, in consequence of which some 8,566.469 metric tonnes of gas oil was released to Ultimate. Ultimate, however reneged in performing the terms of the settlement agreement in full by making all the payments due. After various warnings, on May 10, 2019, Sahara terminated the settlement agreement, notifying Ultimate that its agent, Asharami Synergy Plc would take delivery of part of the remaining gas oil from the terminal.

Various attempts made by Sahara to obtain delivery of the gas oil were futile, leading to the lawsuit which was filed both in Lagos and in the United Kingdom.

Justice Butcher who delivered the third order following a contempt of court judgement;

“The basis of the sentence was that Mr Bashir had committed continuing breaches of the order of Mr Justice Robin Knowles of 1 August 2019 and of the order of Mr Justice Bryan of 6 September 2019.”

There was also a binding indication that the sentence could be reduced to six months if Mr Bashir complies with the relevant order which had previously been breached. He was also fined £500,000 while Adebowale Aderemi, its manager, was fined £10,000.

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Rakib Idris is a scientist, blogger, entrepreneur, web designer, socioeconomic and political commentator. He loves writing quality contents for readers and presenting to them happenings around the world promptly as they occur. Thank you for visiting pointloaded.com , •••• For Advert Placement Call/WhatsApp: 09054011337 or send an E-mail to info@pointloaded.com

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Ramadan 2021: Sultan Asks Nigerian Muslims To Commence Fasting

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Ramadan 2021: Sultan Asks Nigerian Muslims To Commence Fasting Pointloaded

Following the sighting of the moon, this year’s Ramadan starts Tuesday, April 13th 2021, the Sultan of Sokoto, Alhaji Sa’ad Abubakar, announced Monday.

Alhaji Abubakar, who is the president of the Nigerian Supreme Council for Islamic Affairs (NSCIA), said this in an announcement on NTA live broadcast.

He urged all Muslims to use the occasion of the holy month to pray fervently for the country and indulge in acts of charity so as to benefit maximally this month.

The NSCIA on Monday had issued a guideline enjoining the Ummah to practice social distancing during the 1442AH Ramadan.

“All COVID-19 protocols should be observed. I’tikaf should still be put on hold while strict observance of all COVID19 protocols including avoiding lengthy or crowded sessions should be observed,” it stated.

Ramadan is the ninth lunar month of the Islamic calendar seen as sacred by Muslims during which they refrain from eating, drinking and sexual activities from dawn to dusk for 29 or 30 days — depending on when a new crescent is slighted.

The sighting of this new moon marks the beginning of another month, Shawwal, and the celebration of Islamic festival, Eid-l-fitr.

The Ramadan ritual is observed to attain a spiritual bond with God, as contained in Qur’an 2:183: “Oh you who believe! Fasting is prescribed to you as it was prescribed to those before you, that you may learn piety and righteousness.”

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Benue Crisis: Expose Those Who Killed Soldiers, Return Army Weapons – Ortom Urges Communities

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Benue Crisis: Expose Those Who Killed Soldiers, Return Army Weapons – Ortom Urges Communities Pointloaded

The Benue State Government has urged community leaders to expose those who carried out an unprovoked attack on Nigerian Army troops, leading to the death of an officer and 10 other soldiers.

In a statement on Friday, Governor Ortom while addressing the recent crisis between communities in Konshisha and Oju Local Government Areas, called for restraint on all sides including the military.

Ortom noted in his communique that he has already directed leaders of the affected areas to ensure that the weapons the “bandits” took away from the military personnel deployed to bring peace between the warring communities are returned without delay.

Earlier on, the army had reported that its troops came under attack while on a routine operational task, it was not clear who the attackers were at the time.

The military however asserted that the troops comprising one officer and ten soldiers were initially declared missing which prompted the deployment of a joint search and rescue team comprising NA troops and personnel of Operation Whirl Stroke.

The search and rescue team, unfortunately, found all the missing troops dead in Konshisha LGA of Benue State. While the bodies of the slain troops were evacuated immediately.

According to the army, efforts were still ongoing to track down the perpetrators of the heinous crime with a view to bringing them to justice.

In his reaction, Governor Ortom urged members of the affected communities to expose perpetrators of the unprovoked attacks on the military, stating that such an act is condemnable and also capable of jeopardizing the efforts Government has made to guarantee the return of peace to the area.

The governor disclosed that in an effort to find a solution to the crisis, he set up a Boundary Committee headed by the Deputy Governor, Engineer Benson Abounu to resolve the land dispute in collaboration with the National Boundary Commission.

The Committee had fixed a date for the demarcation of the area in contention when renewed violence broke out between the Bonta Community of Konshisha Local Government Area and Okpute Community of Oju Local Government Area.

Ortom assured the people that his administration is determined to see the end of the crisis and will support security agencies to fish out those fomenting trouble.

He, however, urged the military to avoid civilian casualties and protect law abiding people while efforts are on to recover their missing weapons.

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Queen Elizabeth II’s Husband Prince Philip Dies At 99

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Queen Elizabeth II’s Husband Prince Philip Dies At 99 Pointloaded

Queen Elizabeth II’s husband Prince Philip has died at age 99, according to a statement by Buckingham Palace.

Prince Philip was the longest-serving royal consort in British history after getting married to Princess Elizabeth in 1947, five years before she became Queen.

The Palace announced the death of the late monarch via its official Twitter handle on Friday afternoon, April 9, 2021.

“It is with deep sorrow that Her Majesty The Queen announces the death of her beloved husband, His Royal Highness The Prince Philip, Duke of Edinburgh,” it said in a statement.

“His Royal Highness passed away peacefully this morning at Windsor Castle.

“The Royal Family join with people around the world in mourning his loss.”

The palace added that further announcements would be made “in due course”.

Fears over the health of the Duke of Edinburgh, as he was formally known, had been heightened after he recently spent a month in hospital for treatment.

He left the hospital on March 16 following what was described as a successful procedure for a pre-existing condition and treatment for an unspecified infection.

He was first admitted on February 16 on the advice of his doctor after he complained of feeling unwell.

Philip had returned to Windsor Castle, west of London, where he had been isolating with the queen — Britain’s longest-serving monarch — since the start of the coronavirus pandemic last year.

He was due to turn 100 in June.

The news of his death saw television channels interrupt regular programmes and start special coverage marking his life.

The BBC announced his death and played the national anthem, “God Save the Queen”.

Philip had increasingly struggled with his health in recent years and had retired from public life.

In the run-up to Christmas 2011, Philip was taken to hospital by helicopter after suffering chest pains.

The Greek-born former naval officer was then treated for a blocked coronary artery and had a stent fitted

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