Dangote accused of blackmail over NMDPRA CEO allegations

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has dismissed 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 had accused Ahmed of economic sabotage and claimed that he pays $5 million in fees for his children’s education in a Swiss school.

In an interview, PETROAN’s National President, Billy Gillis-Harry, described Dangote’s accusations as blackmail aimed at taking over the country’s downstream oil sector. Gillis-Harry expressed concern over the moral implications of the allegations, stating that they seem petty and lack credibility. He questioned the likelihood of Ahmed having the means to pay such a large sum for his children’s education.

The accusations were made by Dangote during a briefing in Lagos, where he also alleged that Ahmed’s actions were encouraging fuel importers. However, Gillis-Harry’s response suggests that the allegations may be motivated by a desire to gain control over the downstream oil sector. The PETROAN president’s comments highlight the need for credible evidence to support such serious allegations.

The Nigerian Midstream and Downstream Petroleum Regulatory Authority is responsible for regulating the country’s petroleum industry, including the downstream sector. The authority’s role is critical in ensuring the efficient distribution and sale of petroleum products. Any allegations of wrongdoing against its CEO must be thoroughly investigated and supported 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. The outcome of this dispute 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. This includes investigating allegations of wrongdoing and taking swift action against any individuals or companies found to be engaging in unethical practices. By doing so, the government can promote a level playing field and support the growth of the Nigerian oil industry.