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Reading: Aliko Dangote petitions EFCC to probe ex oil regulator Farouk Ahmed
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Watch Nigeria > Blog > Success Stories > Aliko Dangote petitions EFCC to probe ex oil regulator Farouk Ahmed
Success Stories

Aliko Dangote petitions EFCC to probe ex oil regulator Farouk Ahmed

Last updated: January 9, 2026 12:01 pm
Terfa Ukende
1 month ago
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Aliko Dangote, chairman of Dangote Industries Restricted, has submitted a corruption petition to the Financial and Monetary Crimes Fee accusing Farouk Ahmed, the previous head of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, of abuse of workplace and corrupt enrichment.

The submitting was made by Dangote’s lawyer and follows the withdrawal of an earlier petition despatched to the Unbiased Corrupt Practices and Different Associated Offences Fee. Dangote’s staff mentioned the shift to the EFCC is meant to hurry up the method and make sure the allegations are dealt with promptly.

Within the petition signed by lead counsel Dr. O.J. Onoja, SAN, Dangote requested the EFCC to open an investigation into Ahmed’s conduct whereas in public workplace and to prosecute if investigators discover ample proof. The petition says Dangote is ready to offer paperwork and different supplies to assist the claims, which it describes as monetary misconduct and impunity.

In a single part, Onoja argued that the fee is properly positioned, alongside different businesses, to pursue monetary crimes and corruption instances. He cited previous court docket selections, together with Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N (2018) 9 NWLR (Pt. 1624) 337, as examples of how courts have handled corruption issues when a prima facie case is established.

Onoja additionally appealed on to the EFCC chairman, Olanipekun Olukoyede, urging the company to analyze the allegations in opposition to Ahmed and take additional steps if he’s discovered culpable.

The petition provides that swift motion wouldn’t solely be needed and expedient, however might additionally discourage different public officers who could also be tempted to interact in corrupt practices.

Dangote’s petition renews accusations he first raised publicly on Dec. 14, 2025, when he questioned Ahmed’s funds and alleged that the previous regulator was dwelling far past his reputable means. Dangote’s grievance facilities on the price of abroad education for Ahmed’s kids, which it says runs into a number of million {dollars} and raises questions on conflicts of curiosity and the integrity of regulatory oversight within the downstream petroleum sector.

The petition lists the colleges attended by the kids as Montreux Faculty, Aiglon School, Institut Le Rosey and La Garenne Worldwide Faculty. It says every youngster spent six years in these establishments and estimates annual tuition, journey and maintenance at about $200,000 per youngster, placing the entire for secondary schooling at roughly $5 million.

Dangote additionally alleged {that a} additional $2 million was spent on college schooling for the 4 kids, together with $210,000 for a 2025 Harvard MBA program for Faisal.

“Nigerians need to know the supply of those funds, particularly when many dad and mom in Mr. Ahmed’s house state of Sokoto battle to pay as little as N10,000 in class charges,” Dangote mentioned.

The petition requires a radical investigation, saying accountability is required to rebuild public confidence in Nigeria’s regulatory establishments.

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ByTerfa Ukende
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Terfa Ukende is a seasoned financial writer with over seven years of experience covering topics on finance, investment, and economic development. He began his writing career with NewsWay before joining Watch Nigeria, where he continues to educate readers on wealth building, market trends, and smart money management. He holds a Bachelor’s degree in Statistics and Computer Science, which strengthens his analytical approach to financial reporting and investment insights.
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