Thursday, 4 Jun 2026
  • My Feed
  • My Interests
  • My Saves
  • History
Subscribe
EquityTV
  • Home
  • World
  • Health

    House of Representatives Orders Suspension of Computer-Based Tests for 2026 WAEC

    By
    Roheemat Asipita Musa

    Bill Gates Says Climate Change Won’t End Humanity, Calls for Practical, People-Focused Action

    By
    Roheemat Asipita Musa

    “Let’s Train NYSC Members to Tackle Insecurity,” Says Cleric Ashimolowo

    By
    Roheemat Asipita Musa

    2027: Makinde Emerges APM Presidential Candidate

    By
    Roheemat Asipita Musa

    Fire Razes Ebonyi Health Facility, Destroys Vaccines, Equipment Worth Millions

    By
    Roheemat Asipita Musa

    Prosecution Seeks Death Penalty for Nnamdi Kanu Following Terrorism Conviction

    By
    Roheemat Asipita Musa
  • Politics
  • Sport
  • Opinion
  • Travel
  • Tech
  • World
  • Politics
  • Travel
  • Opinion
  • Health
  • Tech
  • My Feed
  • My Saves
  • My Interests
  • History
  • History
  • About Us
  • Contact
  • Privacy Policy
  • Terms of Use
  • DMCA
  • Cookies Policy
  • 🔥
  • equityTV
  • Politics
  • Opinion
  • World
  • Sport
  • Education
  • Business
  • Health
  • Entertainment
  • Travel
Font ResizerAa
EquityTVEquityTV
  • World
  • Politics
  • Travel
  • Opinion
  • Health
  • Tech
Search
  • Personalized
    • My Feed
    • My Saves
    • My Interests
    • History
  • Categories
    • World
    • Opinion
    • Politics
    • Tech
    • Travel
    • Health
    • Opinion
    • Sport
Follow US
©Web Design by APPSVILLA . All Rights Reserved.
EquityTV > equityTV > Dangote Accuses NMDPRA Chief Farouk Ahmed of Corruption Over Alleged $5m School Fees
equityTV

Dangote Accuses NMDPRA Chief Farouk Ahmed of Corruption Over Alleged $5m School Fees

Roheemat Asipita Musa
Last updated: December 15, 2025 9:50 am
Roheemat Asipita Musa
Share
SHARE

Founder and President/Chief Executive of the Dangote Group, Aliko Dangote, has accused the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, of corruption, alleging that he spent $5 million on secondary school education for his children in Switzerland.

Dangote made the allegation on Sunday during a media briefing at the Dangote Petroleum Refinery and Fertiliser Plant in Lekki, Lagos. He described the alleged expenditure as inconsistent with the earnings of a public servant and a threat to public trust in regulatory institutions.

According to Dangote, the alleged payment covered six years of secondary education for four children, an amount he argued could not reasonably be explained by income from public service.

“I’ve had people actually complaining about a regulator who put his children in secondary school, and that secondary school education, which is six years, four of them cost Nigeria five million dollars.

“My children went to secondary school in Nigeria. They did not go outside Nigeria to attend secondary school,” Dangote said.

The billionaire questioned how a public official could afford such spending if public funds were being properly managed, stressing the need for accountability.

“This is a system where some of us are taxpayers. When people are complaining, we also complain, because when I pay tax, I want to see my money put to use, not stolen.

“I don’t know why the authority chief executive, Mallam Farouk, has four children educated in Switzerland at the cost of five million dollars for their secondary school education alone, not university,” he alleged.

Dangote said the alleged expenditure raised serious concerns about income declaration, conflicts of interest and regulatory integrity in the downstream petroleum sector.

“The man must come and explain to Nigerians how he paid five million dollars for six years of his four children’s education.

“I don’t think any of you here has paid that kind of fees for your own children. We cannot allow this to continue, because we must make sure people do not come and destroy a country just because they want to make a living that is not genuine or legal,” he said.

He also referenced reports of overseas university education for one of the children.

“I know that one of them just finished Harvard. I want to see what kind of system we are operating where people are busy destroying a country and taking money from government, because their income does not match this kind of spending,” Dangote said.

“Even if it were me paying five million dollars for six years for four children, the taxman would have to look at my taxes and ask how much I paid.”

Dangote said Ahmed should not be immediately dismissed from office but should be investigated by relevant authorities to establish the facts.

“The Code of Conduct Bureau, or any other body deemed appropriate by the government, should investigate the matter. Let them see whether his income matches the five million dollars paid as school fees for six years for four children. This is without tickets.

“He does not need to be sacked. Let him come and clear that he has not compromised his positions in government at the cost of Nigerians,” he said.

He contrasted the allegation with the economic struggles faced by many Nigerians.

“From where he comes from, people are struggling to pay ₦100,000 for secondary school fees. Many children are at home because their parents cannot afford that amount.

“I cannot understand why someone who has worked all his life in government would have four children whose secondary school fees alone cost five million dollars,” Dangote said.

Dangote further warned that he would pursue legal action if the allegation was denied.

“If he denies it, I will not only publish what he paid as tuition in those secondary schools, but I will also sue the schools to disclose how much he paid for the entire period.

“He should tell Nigerians which universities they attended and how much was paid there. People who have done something wrong must be prosecuted,” he said.

As of the time of filing this report, Farouk Ahmed has not responded to the allegation.

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Whatsapp Whatsapp Telegram Copy Link
Previous Article Father, Son Identified as Suspects in Sydney Bondi Beach Shooting That Killed 15
Next Article Dangote Announces Petrol Price Reduction to ₦739 Per Litre From Tuesday
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Your Trusted Source for Accurate and Timely Updates!

Our commitment to accuracy, impartiality, and delivering breaking news as it happens has earned us the trust of a vast audience. Stay ahead with real-time updates on the latest events, trends.
FacebookLike
XFollow
InstagramFollow
LinkedInFollow
MediumFollow
QuoraFollow
- Advertisement -
Ad image

Popular Posts

Zamfara Police Deploy Personnel, Assets for Hitch-Free Eid-ul-Fitr Celebrations

The Zamfara State Police Command has announced extensive security arrangements aimed at ensuring a peaceful…

By
Roheemat Asipita Musa

NERC Orders Registration of Grid-Connected Private Transmission Stations

The Nigerian Electricity Regulatory Commission (NERC) has directed owners of privately operated transmission substations connected…

By
Roheemat Asipita Musa

APC Governors Meet in Minna to Discuss Governance, Party Unity

Governors elected on the platform of the All Progressives Congress (APC) have converged on Minna,…

By
Roheemat Asipita Musa

You Might Also Like

equityTV

Nigerian, US Air Strikes Kill Over 20 ISWAP Fighters in Borno

By
Roheemat Asipita Musa
equityTVWorld

Iran Attacks Commercial Ships in Gulf as Strait of Hormuz Crisis Jolts Oil Markets

By
Roheemat Asipita Musa
equityTVHealth

Katsina Takes Delivery of 15 ICU Ambulances to Launch 24-Hour Emergency Healthcare

By
Roheemat Asipita Musa
equityTV

ASUU Declares Two-Week Nationwide Warning Strike, Shuts Down Public Universities

By
Hafsat Badiru
EquityTV
Facebook Twitter Youtube

About US

euityTV is your daily dose of news, delivered with integrity and insight. We’re a team of passionate Nigerian journalists dedicated to bringing you the stories that matter most, every single day.

Together, let’s build a more informed and engaged Nigerians.

Top Categories
  • World
  • Opinion
  • Politics
  • Tech
  • Health
  • Sport
  • Travel
Usefull Links
  • DMCA
  • About Us
  • Contact Us
  • Cookies Policy
  • Terms of Use
  • Privacy Policy
  • Complaint

© Copyright| All Rights Reserved | Powered by APPSVILLA

This website uses cookies to improve your experience. We\'ll assume you\'re ok with this, but you can opt-out if you wish. Read More

Decline Cookie Settings
Accept All
Powered by WPLP Compliance Platform
Cookies are small text files that can be used by websites to make a user\'s experience more efficient. The law states that we can store cookies on your device if they are strictly necessary for the operation of this site. For all other types of cookies we need your permission. This site uses different types of cookies. Some cookies are placed by third party services that appear on our pages.
  • Necessary
    Always Active
    Necessary cookies help make a website usable by enabling basic functions like page navigation and access to secure areas of the website. The website cannot function properly without these cookies.

  • Marketing
    Marketing cookies are used to track visitors across websites. The intention is to display ads that are relevant and engaging for the individual user and thereby more valuable for publishers and third party advertisers.

  • Analytics
    Analytics cookies help website owners to understand how visitors interact with websites by collecting and reporting information anonymously.

  • Preferences
    Preference cookies enable a website to remember information that changes the way the website behaves or looks, like your preferred language or the region that you are in.

  • Unclassified
    Unclassified cookies are cookies that we are in the process of classifying, together with the providers of individual cookies.

Powered by WPLP Compliance Platform
Cookie Settings
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?