The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has taken formal steps to investigate allegations made by billionaire businessman Aliko Dangote against the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Alhaji Farouk Ahmed. The anti-graft agency made it clear that the burden of proof lies with the…
Farouk Ahmed has resigned as Chief Executive of the NMDPRA. Also, Gbenga Komolafe has stepped down from his position as Chief Executive of the NUPRC. Both officials were appointed in 2021 by former President Muhammadu Buhari after the enactment of the Petroleum Industry Act. The development was disclosed in a statement issued by the President’s…
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…
The Chairman of Dangote Group, Aliko Dangote, has submitted a petition against the Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Ahmed Farouk, to the Independent Corrupt Practices and other Related Offences Commission (ICPC), accusing him of corruption and financial impropriety. In the petition submitted on December 16, through his lawyer,…
The House of Representatives Joint Committee on Petroleum Resources has invited Dangote Refinery and the NMDPRA to resolve disagreements threatening the downstream petroleum sector. Chairman Ikenga Ugochinyere said after an emergency Abuja meeting on Monday that rising tensions could undermine the fragile stability recently achieved. He said the committee must act swiftly, as efforts continue…
Aliko Dangote, chairman of the Dangote Group, says 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 paid the said amount for four…
President of Ghana, John Mahama, business mogul Aliko Dangote and several prominent traditional rulers on Monday arrived in Ile-Ife, Osun State, for the installation of Mahama as the Aare Atayeto Oodua. Among the dignitaries present were the Emir of Kano, Ado Bayero; the Owa Obokun of Ijesaland, Oba Clement Haastrup; the Olofa of Offa, Oba…
The President of the Dangote Group, Alhaji Aliko Dangote, on Sunday alleged that the Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, paid about $5m for the secondary school education of his four children in Switzerland, calling for a full investigation and public explanation. Dangote said Ahmed must appear before…
President of the Dangote Group, Alhaji Aliko Dangote, has said the Ooni of Ife, Oba Adeyeye Ogunwusi, played a decisive role in enabling the construction of his multi-billion-dollar refinery by intervening to clear 19 shrines from the project site. In a video shared by The Cable via X on Friday, the businessman explained that construction…
The Economic Community of West African States has appointed Aliko Dangote, Chairman of Dangote Group of companies, as its pioneer chairman of the ECOWAS Business Council. Omar Touray, ECOWAS president, announced this during the 95th Ordinary Session of the ECOWAS Council of Ministers meeting on Wednesday in Abuja. The EBC is an independent ECOWAS platform…