Aliko Dangote, the chairman of the Dangote Industries Limited (DIL), has alleged that Farouk Ahmed “paid $5 million” to Swiss secondary schools for his children.
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.
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