Africa’s richest man, Aliko Dangote, has publicly accused Farouk Ahmed, head of Nigeria’s petroleum regulatory authority, of spending $5 million over six years on elite Swiss school fees for his children. Dangote made the allegation during a press conference on Sunday, questioning how a career public servant could legitimately fund such expenses and describing the claims as deeply troubling for public accountability.

According to Dangote, the alleged spending raises broader concerns about integrity within the regulatory system overseeing Nigeria’s energy sector. He further alleged that there has been sustained economic sabotage targeted at his $20 billion Dangote Refinery project, suggesting that regulatory actions and decisions may have been influenced by personal interests rather than national development goals.

The accusations build on unverified reports that circulated in June and July 2025, with Dangote now calling for a top-level investigation into Ahmed’s finances and official conduct. As of Monday, neither Farouk Ahmed nor his agency has issued a response to the allegations, leaving the claims to fuel intense public debate. Visit www.jocomms.com for more news details and follow us on all our social media platforms.

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