Abuja – Aliko Dangote, chairman of Dangote Industries Limited, has accused Farouk Ahmed, chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, of corruption, alleging that Ahmed paid $5 million in school fees to Swiss secondary schools for his children. Dangote said the amount covered the education of four of Ahmed’s children over a six‑year period.
In a statement, Dangote said the NMDPRA chief was “living above his means” and called on the federal government to launch an investigation into the matter. He did not disclose the names of the Swiss institutions involved.
“The expenditure raises serious questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum sector,” Dangote said.
The group president of Dangote Industries added that such alleged spending “calls into question the integrity of the regulatory framework governing the oil sector.” He urged authorities to examine whether Ahmed’s position at NMDPRA influenced any decisions that could benefit him or his family.
The allegations come amid heightened scrutiny of government officials and their financial dealings. The NMDPRA has yet to respond to the accusations.
