- Fresh Feud Erupts as Dangote Questions Lifestyle of NMDPRA CEO
- Claims Ahmed spends as much as $5 million on school fees for each of his children in Switzerland
- Farouk Ahmed has not responded publicly to the allegations
Business magnate Aliko Dangote has accused the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, of living far beyond his legitimate earnings, calling for a thorough investigation into the regulator’s finances.
Eko Hot Blog reprots that Dangote made the allegation on Sunday while speaking with journalists, reigniting a simmering public feud between both men. He claimed that Ahmed spends as much as $5 million on school fees for each of his children in Switzerland, a level of expenditure he said is incompatible with the known income of a public office holder.
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According to Dangote, such spending would ordinarily attract the attention of tax authorities, even for individuals of considerable wealth.
“Mallam Farouk has four children he educated in Switzerland at a cost of about $5 million for their secondary school education alone, not university,” Dangote said.
“When you look at his income, it does not align with paying this kind of fees. Even if it were me paying $5 million over six years for my children, the tax authorities would need to examine my income and tax records,” he added.
Dangote further contrasted the alleged foreign school fees with the harsh economic realities facing families in Ahmed’s home state of Sokoto, where he noted that many parents struggle to afford far more modest educational costs.
“From Sokoto, where he comes from, people are struggling to pay ₦100,000 as school fees. Many children are out of school because their parents cannot afford that amount,” he said.
As of the time of filing this report, Farouk Ahmed has not responded publicly to the allegations, nor has he issued any statement addressing Dangote’s claims.
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