{"id":124461,"date":"2025-12-16T11:31:21","date_gmt":"2025-12-16T10:31:21","guid":{"rendered":"https:\/\/pointblanknews.com\/pbn\/?p=124461"},"modified":"2025-12-16T11:31:21","modified_gmt":"2025-12-16T10:31:21","slug":"dangote-questions-nmdpra-ceos-lifestyle-education-spending","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/news\/dangote-questions-nmdpra-ceos-lifestyle-education-spending\/","title":{"rendered":"Dangote Questions NMDPRA CEO\u2019s Lifestyle, Education Spending"},"content":{"rendered":"<div style=\"text-align: justify;\">By Oscar Okhifo<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Billionaire industrialist Aliko Dangote has escalated his public dispute with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), accusing its Chief Executive Officer, Farouk Ahmed, of living beyond his legitimate income and spending millions of dollars on his children\u2019s foreign education.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">This is as the Joint House of Representatives Committee on Petroleum Resources (Downstream and Midstream) has summoned both parties to a meeting in a bid to halt the escalating public spat.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Dangote made the allegations while speaking at a press conference at the Dangote Petroleum Refinery Ibeju-Lekki, where he accused the leadership of the NMDPRA of economic sabotage that he said was undermining domestic refining in Nigeria.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to Mr Dangote, the continued issuance of petroleum import licences by the regulator, despite growing local refining capacity, was allegedly designed to frustrate domestic refiners.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He claimed that senior officials of the NMDPRA were colluding with international oil traders and importers to sustain fuel imports at the expense of local production.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He added that the alleged conduct had raised serious concerns about conflict of interest and the credibility of regulatory oversight in the downstream petroleum sector, insisting that such actions undermined fair competition and Nigeria\u2019s broader energy security objectives.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">In a statement signed on Monday, Mr Dangote claimed that the NMDPRA chief executive spent over $5 million on secondary education for his four children in Switzerland.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He listed the children and their schools as Faisal Farouk (Montreux School), Farouk Jr. (Aiglon College), Ashraf Farouk (Institute Le Rosey), and Farhana Farouk (La Garenne International School), stating that each child spent about six years in the schools.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to Mr Dangote, the estimated cost of tuition, air tickets and upkeep per child was about $200,000 annually, amounting to $800,000 per year for the four children.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He added that total living expenses over six years were estimated at $1.2 million per child, bringing the combined cost to about $4.8 million.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cThe approximate total fees for tuition and upkeep is $5,000,000,\u201d Mr Dangote claimed.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">He further alleged that Mr Ahmed spent an additional $2 million on tertiary education for the four children over four years.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">According to him, tuition and associated expenses were estimated at $125,000 per annum, totaling $500,000 per child.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Mr Dangote also claimed that one of the children, Faisal, completed a Harvard MBA in 2025, at a cost of $150,000 for tuition and $60,000 for upkeep, air tickets and other incidentals, amounting to $210,000.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">Mr Dangote questioned the source of the funds used for these expenditures, citing the prevailing economic hardship in the NMDPRA chief executive\u2019s home state.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">\u201cNigerians deserve to know the source or sources of these sums of money paid by a public officer while many parents in his home state of Sokoto cannot afford to pay N10,000 school fees for their children and wards,\u201d he said.<\/div>\n<div style=\"text-align: justify;\"><\/div>\n<div style=\"text-align: justify;\">So far, efforts to reach Mr Ahmed for comments were unsuccessful.<\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>By Oscar Okhifo Billionaire industrialist Aliko Dangote has escalated his public dispute with the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), accusing its Chief Executive Officer, Farouk Ahmed, of&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":124462,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-124461","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Dangote Questions NMDPRA CEO\u2019s Lifestyle, Education Spending - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/pointblanknews.com\/pbn\/news\/dangote-questions-nmdpra-ceos-lifestyle-education-spending\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta 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