{"id":9914,"date":"2025-12-17T15:12:48","date_gmt":"2025-12-17T15:12:48","guid":{"rendered":"https:\/\/beadysword.com.ng\/blog\/?p=9914"},"modified":"2025-12-17T15:12:58","modified_gmt":"2025-12-17T15:12:58","slug":"dangote-accuses-nmdpra-ceo-of-corruption-alleges-economic-sabotage-and-5m-school-fees","status":"publish","type":"post","link":"https:\/\/beadysword.com.ng\/blog\/2025\/12\/17\/dangote-accuses-nmdpra-ceo-of-corruption-alleges-economic-sabotage-and-5m-school-fees\/","title":{"rendered":"Dangote Accuses NMDPRA CEO of Corruption, Alleges Economic Sabotage and $5M School Fees"},"content":{"rendered":"
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Africa\u2019s richest man and President of the Dangote Group, Aliko Dangote, has made a bombshell allegation against the Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, stating that he spent $5 million on school fees for his children in Switzerland and is also engaged in economic sabotage against Nigeria, by approving massive petrol imports.<\/p>\n

The NMDPRA regulates one of the Dangote Group\u2019s major businesses, the 650,000 barrels per day Dangote Petroleum Refinery in Lagos.<\/p>\n

The central financial allegation is that Engr. Ahmed’s public sector salary could not have financed spending over $5 million on his children\u2019s education in elite schools abroad, specifically prestigious Swiss schools; the implication of that is alleged corrupt earnings.<\/p>\n

Dangote also accused the NMDPRA leadership of economic sabotage for the continued issuance of import licenses for refined petroleum products, undermining the domestic downstream oil sector and Nigeria\u2019s economy.<\/p>\n

\u201cThe regulator Farouk put 4 of his children through elite secondary schools in Switzerland and paid tuition fees of $5 million over 6 years on his children\u2019s education; however, his income as a public servant does not match his ability to pay those fees,\u201d Dangote said in a press briefing in Lagos.<\/p>\n

\u201cHe (Farouk) has worked all his life in the public sector, so how did he make such an amount of money to educate his children overseas and pay such a huge amount of money? The downstream must not be destroyed by one person for personal interest.\u201d<\/p>\n

Dangote alleged that import licenses covering approximately 7.5 billion litres of PMS (Petrol) were issued for Q1 2026, despite significant local production capacity, which forces local refiners to buy crude at a premium and struggle to compete with subsidised or deliberately encouraged imports.<\/p>\n

The NMDPRA\u00a0 siad last week that the Dangote Refinery evacuated 23.52 million litres per day of Premium Motor Spirit (PMS) or petrol on average in the month of November, adding that the figure fell short of the planned Dangote Refinery domestic PMS or petrol supply of 35 million litres a day.<\/p>\n

Dangote, however, disputed the NMDPRA figures, stating that the regulator was only reporting what had been evacuated from the refinery and not the total output that was produced.<\/p>\n

\u201cThere is more than enough to supply the market,\u201d Dangote said.<\/p>\n

Farouk must be investigated, says Dangote<\/strong><\/h4>\n

Dangote said the NMPDRA Chief Executive Officer (CEO), Farouk Ahmed, must be investigated by the appropriate authorities, such as the Code of Conduct Bureau (CCB), to ascertain if his earnings as a public officer match his high-profile expenditure.<\/p>\n

\u201cLet the legal process take its place. The CCB needs to see if his (Farouk\u2019s) salary matches the $5 million spent on his children\u2019s school fees. He must not compromise his government job at the cost of Nigerians, when a lot of people cannot pay N100,000 school fees in Sokoto State, where he comes from,\u201d Dangote said in the press briefing with MoneyCentral in attendance.<\/p>\n

Dangote said that very few foreigners are operating in Nigeria\u2019s downstream sector due to the corrupt practices and regulatory uncertainty hindering the sector.<\/p>\n

\u201cThe NMDPRA issued a reckless amount of licenses for petrol imports to the tune of 7.5 billion litres for the first quarter (Q1) of 2026,\u201d Dangote said.<\/p>\n

\u201cFarouk should not be allowed to continue to destroy the economy of Nigeria. He should be investigated by the Code of Conduct Bureau. I will not be able to afford sending four of my kids to school abroad for six years for $5 million in Switzerland.\u201d<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Africa\u2019s richest man and President of the Dangote Group, Aliko Dangote, has made a bombshell allegation against the Chief Executive Officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk...<\/p>\n","protected":false},"author":2,"featured_media":9915,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-9914","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/9914","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=9914"}],"version-history":[{"count":1,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/9914\/revisions"}],"predecessor-version":[{"id":9916,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/posts\/9914\/revisions\/9916"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media\/9915"}],"wp:attachment":[{"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=9914"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=9914"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/beadysword.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=9914"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}