The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has dismissed the allegations made by Aliko Dangote, president of Dangote Refinery, against Farouk Ahmed, chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). Dangote accused Ahmed of economic sabotage and claimed that Ahmed pays US$5 million in fees for his children’s education at a Swiss school.
In an interview, PETROAN’s national president, Billy Gillis‑Harry, described Dangote’s accusations as blackmail intended to take over the country’s downstream oil sector. He said the allegations appear petty, lack credibility, and raise moral concerns. Gillis‑Harry questioned whether Ahmed could realistically afford such a large sum for his children’s schooling.
Dangote made the accusations during a briefing in Lagos, where he also alleged that Ahmed’s actions were encouraging fuel importers. Gillis‑Harry’s response suggests that the claims may be motivated by a desire to gain control of the downstream sector. He emphasized the need for credible evidence to support such serious allegations.
The NMDPRA regulates Nigeria’s petroleum industry, including the downstream sector, and plays a critical role in ensuring the efficient distribution and sale of petroleum products. Any allegations of wrongdoing against its CEO must be thoroughly investigated and backed by evidence.
The dispute between Dangote and Ahmed has significant implications for the Nigerian oil industry. As one of the largest players in the sector, Dangote Refinery’s interests and actions can have far‑reaching consequences, and the outcome will be closely watched by industry stakeholders and regulators. In the meantime, the Nigerian government and regulatory authorities must ensure that the downstream oil sector operates transparently and fairly, investigating allegations of misconduct and taking swift action against any individuals or companies found engaging in unethical practices. This approach will promote a level playing field and support the growth of Nigeria’s oil industry.
Comments are closed for this story.