US EditionNigeria: Dangote Alleges Economic Sabotage, Sleaze At Nmdpra, Demands Investigation of Chief Executive
Dangote alleges economic sabotage by NMDPRA CEO Farouk Ahmed, citing $5 million in school fees and issuance of 7.5 billion litres of import licences for 2026 undermining local refining.
- On Sunday, Aliko Dangote called for an investigation into Engr. Farouk Ahmed over alleged economic sabotage, saying, `He should be required to account for his actions...`.
- Alleged licensing decisions, Dangote argued, have prolonged fuel import dependence, with import licences covering an estimated 7.5 billion litres of Premium Motor Spirit issued, discouraging modular refineries and domestic refiners.
- Dangote highlighted alleged tuition payments, contrasting them with local fee struggles, saying Engr. Farouk Ahmed paid $5 million for schooling while Sokoto parents struggle with N100,000 fees.
- With the regulator silent, Dangote urged the Code of Conduct Bureau and other agencies to investigate and said he was ready to provide evidence and pursue legal steps; Mr. George Ene-Ita, NMDPRA spokesman, declined to comment.
- From Tuesday, December 16 MRS filling stations will sell PMS at prices not exceeding N740 per litre in Lagos, as Dangote lowered the gantry price to N699 and cut minimum purchases to 500,000 litres while deploying CNG trucks.
27 Articles
27 Articles
In Nigeria, Aliko Dangote, the CEO of Lekki's giant refinery in Lagos, accuses the Oil Naval Regulatory Authority of wanting to defeat its refinery project through its fuel imports. The Nigerian billionaire asks for an investigation for corruption against its director.
Africa’s richest man Aliko Dangote criticizes Nigerian oil regulator
Africa’s richest man Aliko Dangote accused Nigeria’s oil sector regulator of failing to limit fuel imports, which he argues is threatening investments into local refining. Renewing a long-running feud with the regulator, he called for the head of the agency, with whom he has clashed for more than a year, to be investigated for misconduct.Nigeria, the continent’s top crude oil producer, has for years relied on costly fuel imports due to its lack …
Dangote slams NMDPRA chief over alleged $5m school fees for four kids
Aliko Dangote has slammed the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, saying he is living above his means. He said that Ahmed should be investigated as the feud between both men renews. Addressing the press on Sunday, Dangote said that Ahmed was paying $5 million each as school fees for his children in a school in Switzerland. Dangote said that he himself, as wealthy as he is, cannot…
Nigeria: NMDPRA CEO Must Be Probed, Prosecuted for Graft, Economic Sabotage
President of Dangote Industries Limited, Aliko Dangote, yesterday, doubled down on his criticism of the regulator of the Nigerian downstream oil sector, calling for an investigation and prosecution of Chief Executive Officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, over alleged economic sabotage and undermining of domestic refining in the country.
Dangote reveals details of alleged $5m spent by NMDPRA CEO on his children’s education in Switzerland
Alhaji Aliko Dangote, Chairman of the Dangote Group, has said that Farouk Ahmed, Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), spent about $5 million on the secondary school education of his children in Switzerland. In a paid newspaper advert on Tuesday, the billionaire said Ahmed […]
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