Dangote Seeks Prosecution Of NMDPRA MD Over Children’s $5m School Fees In Switzerland

Aliko Dangote, the chairman of the Dangote Industries Limited (DIL), has accused Farouk Ahmed of paying $5 million” to Swiss secondary schools for his children, which according to him is beyond what NMDPRA MD could afford if not living above his means.

Ahmed is the current chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).

The billionaire said Ahmed paid the said amount for four of his children, covering a period of six years.

Although Dangote did not mention the name of the Swiss schools, he said the authority’s CEO was living above his means, calling on the federal government to investigate.

The group president said such expenditure raises serious questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum sector.