The Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr. Farouk Ahmed, has responded to recent claims regarding the financing of his children’s education and his integrity in office, insisting that the allegations are misleading and ill-timed.
In a detailed statement, Ahmed said the allegations “necessitated this response, not because I fear scrutiny of my finances, which I welcome, but because the timing and nature of these claims demand context that only three decades of public service can provide.”
Ahmed highlighted his career in Nigeria’s petroleum sector, which began in 1991, noting that he rose through merit rather than political patronage.
He recalled his experience across technical divisions, crude oil marketing, gas supply monitoring, and downstream operations, stressing that his decisions have always been guided by Nigeria’s national interest.
“I spent my formative years in the technical divisions, where decisions are measured not by political expediency but by engineering precision and market realities,” he said.
He further outlined his rise to General Manager of the Crude Oil Marketing Division in 2012 and later Deputy Director in 2015, before being appointed NMDPRA Chief Executive in 2021. On assuming the role, he said, he understood the challenges of implementing reforms under the Petroleum Industry Act, acknowledging that enforcing transparency in a sector long characterised by opacity would inevitably meet resistance.
Addressing the allegations about his children’s education, Ahmed said the claim that he spent $5 million on their Swiss schooling was misleading. “Three of my four children received substantial merit-based scholarships ranging from 40% to 65% of tuition costs, verifiable information are available to any authorised investigation,” he said, adding that contributions from his late father, a Northern Nigerian businessman, further supported the education costs.
He added, “When scholarships, family contributions, and my own savings accumulated over three decades are properly accounted for, my personal financial obligation was entirely consistent with someone of my professional standing and length of service.”
Ahmed confirmed that his annual compensation of approximately N48 million, including allowances, is publicly documented, and that he has submitted detailed asset declarations to the Code of Conduct Bureau throughout his career.
The CEO also linked the timing of the allegations to recent regulatory actions taken by NMDPRA.
“These allegations resurface precisely when NMDPRA has enforced quality standards revealing substandard petroleum products in the market, implemented stricter licensing requirements, and insisted on transparent pricing mechanisms that eliminate opacity benefiting certain market players. This timing is not coincidental,” Ahmed said.
He defended the authority’s import licensing decisions, emphasizing that they comply with Section 7 of the Petroleum Industry Act, which mandates supply security and prevention of scarcity.
“Granting import licenses when domestic supply proves insufficient is not sabotage, it is our legal duty,” he said.
Ahmed invited formal investigations into his finances and tenure, stating: “I formally and publicly request the Code of Conduct Bureau to conduct comprehensive review of all my asset declarations since 1991, the Economic and Financial Crimes Commission to examine all my financial transactions and sources of income, and the National Assembly to exercise its oversight function regarding any allegations of regulatory compromise during my tenure. I will cooperate fully, provide all documentation, and answer all questions under oath if required.”
Concluding, Ahmed reaffirmed his commitment to regulatory independence and transparency.
“Three decades of service to Nigeria’s petroleum sector have taught me that integrity is tested not in comfortable moments but when powerful interests demand compromise. My response is simple: investigate thoroughly, examine every claim, scrutinize every transaction. My record both financial and professional will withstand any legitimate inquiry.”
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