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Petrol Price War Turns Dirty As Dangote Accuses NMDPRA Boss Farouk Ahmed Of Paying $5m For His Children Secondary School Fees In Switzerland

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The President and Chief Executive of Dangote Industries Limited, Aliko Dangote, has called for an investigation and prosecution of the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Engr Farouk Ahmed, saying he pays as much as $5 million in school fees for his children in Switzerland.

Speaking at a press conference at the Dangote Petroleum Refinery on Sunday, Dangote accused the leadership of the NMDPRA of colluding with international traders and oil importers to frustrate local refining through the continued issuance of import licences for petroleum products.

Dangote alleged that Ahmed was living beyond his legitimate means, claiming that four of his children attend secondary schools in Switzerland at costs running into several million dollars.

He said such expenditure raised serious questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum sector.

The Dangote Group chairman assured Nigerians that the pump price of Premium Motor Spirit (PMS) would fall further, stating that petrol would sell at no more than N740 per litre from Tuesday, beginning in Lagos, due to his refinery’s reduction of the gantry price to N699 per litre.

He said MRS filling stations would be the first to reflect the new pricing.

Expressing concern over the state of the downstream sector, Dangote said Nigeria’s continued reliance on fuel imports was harming local production and discouraging investment in domestic refining.

He disclosed that import licences covering approximately 7.5 billion litres of PMS had reportedly been issued for the first quarter of 2026, despite the availability of significant domestic refining capacity.

According to him, modular refineries are already struggling under the current policy environment and on the brink of extinction, while the persistent issuance of import permits further weakens the sector.

Dangote said: “I am not calling for his removal, but for a proper investigation.

“He should be required to account for his actions and demonstrate that he has not compromised his position to the detriment of Nigerians.

“What is happening amounts to economic sabotage.”

Dangote alleged that Farouk pays as much as $5 million in tuition fees for his children’s secondary education in Switzerland.

He questioned how many Nigerians could afford such costs.

He added: “The Code of Conduct Bureau, or any other body deemed appropriate by the government, can investigate the matter.

“If he denies it, I will not only publish the tuition he paid at those secondary schools, but I will also take legal steps to compel the schools to disclose the payments made by Farouk.

“I sent my own children to secondary schools here in Nigeria.

“How many Nigerians can afford to pay $5 million for secondary school tuition, not university education?

“In his home state of Sokoto, many parents are struggling to pay as little as N10,000 in school fees.”

Dangote described the downstream petroleum sector as being under severe strain, alleging the presence of entrenched interests that profit from fuel imports at the expense of national development.

He added: “There are powerful interests in the oil sector.

“It is troubling that African countries continue to import refined products despite long-standing calls for value addition and domestic refining.

“The volume of imports being allowed into the country is unethical and does a disservice to Nigeria.”

Dangote stressed the need for a clear separation between regulatory oversight and commercial interests, warning that allowing traders to influence regulation would undermine the integrity of the sector.

He said: “The downstream sector must not be destroyed by personal interests.

“A trader should never be a regulator.

“Forty-seven licences have been issued, yet no new refineries are being built because the environment is not conducive.”

Dangote maintained that Nigerians would ultimately benefit from local refining, even as fuel importers incur losses.

He said he would not relent in ensuring that Nigerians enjoy the benefits of domestic refining, noting that the company was working around the clock to ensure that recent reductions in the gantry price were fully reflected at the retail level.

From Tuesday, he said, all MRS filling stations would begin selling PMS at prices not exceeding N740 per litre, starting in Lagos.

He added that the refinery had reduced its minimum purchase requirement from two million litres to 500,000 litres to enable more marketers, including members of the Independent Petroleum Marketers Association of Nigeria (IPMAN), to participate.

“So if you come to the refinery today, you will get PMS at N699 per litre,” he said.

Dangote disclosed that despite frustration and sabotage, the refinery would deploy its Compressed Natural Gas (CNG) trucks in the coming days and was prepared to procure additional units beyond the initial 4,000 if required to sustain affordable pricing nationwide.

Responding to complaints from oil importers that the recent price reduction would result in losses, Dangote said the refinery was established primarily for the benefit of Nigerians.

“Anyone who chooses to continue importing despite the availability of locally refined products should be prepared to face the consequences,” he said.

He also highlighted quality differences, noting that products supplied through MRS and other offtakers from the refinery were straight-run fuels, unlike blended products imported from overseas markets.

“Nigerians have a choice to buy better quality fuel at a more affordable price or to buy blended PMS at a higher rate. Importers can continue to lose, so long as Nigerians benefit,” he added.

Dangote said the refinery was driven more by legacy than profit, noting that he could have invested the $20 billion elsewhere if financial gain were his sole objective.

He revealed plans to list the refinery on the Nigerian Exchange to allow Nigerians to own shares in the facility.

He said: “We want every living Nigerian to have the opportunity to benefit, no matter how small their holding.

“If the market takes 55 percent and I retain 45 percent, I am satisfied.”

Dangote disclosed that discussions were ongoing with the Securities and Exchange Commission (SEC) to enable Nigerians to purchase shares in naira while receiving dividends in dollars.

He accused the NMDPRA of misrepresenting the refinery’s capacity by publishing offtake figures rather than actual production levels.

He said: “We have the capacity to meet local demand, and we have sufficient refined products in stock.

“But to keep prices high, imports are deliberately encouraged.”

He said attempts were being made to push the refinery into exporting products only for them to be re-imported into Nigeria at higher prices, adding: “This refinery is for Nigerians first, and I am not giving up.”

Dangote also disclosed that the refinery imports an average of 100 million barrels of crude oil annually from the United States, a figure expected to rise to 200 million barrels following expansion, due to insufficient domestic crude supply.

He added that the refinery also sources crude from Ghana and other countries, while exporting jet fuel and gasoline to the United States.

He further alleged that domestic refiners are forced to buy Nigerian crude at premiums of up to $4 per barrel from the trading arms of international oil companies, placing them at a competitive disadvantage.

He called on the government to ensure crude oil taxes are assessed based on actual transaction values, warning that the current system allows under-declaration and revenue losses.

BIG STORY

Awujale Stool: Protest Rocks Ijebu Ode Over Imposition Plot

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A peaceful protest broke out on Friday in Ijebu Ode over alleged plans to impose the next Awujale of Ijebuland.

The protesters marched through Awujale Palace Road on their way to the Ijebu Ode Local Government Secretariat to register their displeasure over the development.

Recall that the Ogun State Government, on Tuesday, in a statement signed by the Commissioner for Local Government and Chieftaincy Affairs, Ganiyu Hamzat, halted the Awujale selection process following a flood of petitions received from security agencies and other stakeholders.

Details later…

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BIG STORY

Fubara Is APC Leader In Rivers, Wike Has Been Compensated —– Bwala

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Daniel Bwala, special adviser to President Bola Tinubu on policy communication, says his principal aligns with the position of Nentawe Yilwatda, national chairman of the All Progressives Congress (APC), on the leadership hierarchy in Rivers state.

Bwala’s remarks come as the Rivers house of assembly continues impeachment proceedings against Siminalayi Fubara, amid a renewed war of words between the governor and Nyesom Wike, his predecessor.

On January 3, the APC chairman said Fubara, governor of Rivers, leads the party in the state.

Yilwatda said the APC accords governors the privilege of leading the party at the state level, while urging them to respect inclusion and avoid disenfranchising other party members.

Speaking on ‘Hard Copy’, a Channels Television programme, Bwala said the governor must be allowed to carry out his duties without undue interference.

The presidential aide added that Wike’s political standing in the state is limited to the Peoples Democratic Party (PDP).

“I agree with the point highlighted by the national chairman that in Rivers state, Governor Fubara is the leader of the APC. Wike is not a member of the APC, so he cannot speak for the party,” he said.

“He may be regarded as a leader within the PDP in Rivers state, having been a former governor, but the APC leader in the state is Governor Fubara.”

Bwala said Tinubu’s position is in tandem with the party’s internal rules and democratic principles.

“What the national chairman said is the position the president sticks to, because he respects party procedures. The president believes in the rule of law and due process, and the party will always respect that,” he said.

Bwala also addressed concerns over Wike’s influence within the federal government, noting that appointments do not supersede national interest.

“We’ve heard people complain that as a cabinet member, Wike enjoys certain benefits,” he said.

“Wike has been adequately compensated. The president believes in compensating people, but not at the expense of the interest of Nigeria. President Bola Tinubu gives latitude, but once you cross the line, you will know.”

He added that the cold war between Wike and Fubara is “being handled”.

“When you ask who is the leader of the party, the answer is the governor. The impeachment procedure must be consistent with the practice of law and constitutional requirements,” he added.

“The governor will deal with it. There are court orders stopping the impeachment, and the party is clear: nobody should stop Fubara from governing Rivers state.

“The president even respects the rights of states governed by the PDP. Even where the APC may want to challenge them, he believes that a governor, regardless of party, should be allowed to govern.”

Bwala concluded that the president’s stance reflects his commitment to democratic stability, constitutional order, and party discipline across the country.

 

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BIG STORY

Abductions: US Demands Action, FG Vows To Track Bandits

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The United States has raised serious concerns over Nigeria’s ability to protect Christian communities following the abduction of 177 worshippers in Kaduna State, as bandits were on Thursday sighted moving freely through forest corridors with their captives, days after storming churches without resistance.

On Sunday, gunmen attacked three churches in Kurmin Wali community in the Kajuru Local Government Area of Kaduna State and whisked away more than 177 worshippers, with 11 managing to escape, while 166 are still in captivity.

The US warning came as a high-level delegation of their officials arrived in Nigeria on Thursday on a week-long diplomatic tour aimed at reviewing counterterrorism efforts and the protection of vulnerable religious groups across Africa, the Middle East and Europe.

The meeting is part of the United States-Nigeria Joint Working Group and was co-chaired by the National Security Adviser, Nuhu Ribadu, and the US Under Secretary of State for Political Affairs, Allison Hooker.

It took place amid heightened diplomatic tensions after US President Donald Trump redesignated Nigeria as a Country of Particular Concern over alleged religious freedom violations. However, the Federal Government has repeatedly dismissed claims of systemic Christian persecution, maintaining that insecurity affects citizens of all religious backgrounds.

Hooker said recent attacks showed that despite reported security operations, Christian communities in parts of northern Nigeria remained dangerously exposed.

Hooker said, “Today, we are here to discuss how we can work together to deter violence against Christian communities; prioritising countering terrorism and insecurity; investigating attacks and holding perpetrators accountable; and reducing the number of killings, forced displacements, and abductions of Christians, particularly in the North Central States.

“On the protection of Christians, the Nigerian government recently secured the release of 38 Christians abducted from a church in Kwara state, and another 265 abducted from St. Mary’s Catholic school. This real progress is a direct result of our engagement with the Nigerian government.

“However, we are concerned about recent reports that gunmen kidnapped more than 170 Christians in Kaduna state on January 18. The government of Nigeria must do more to protect Christians and their right to practice their faith freely and safely.”

Hooker said the mass abduction in Kaduna underscored persistent security failures that the Nigerian government must urgently address.

She added that advancing religious freedom and security would deepen US-Nigeria relations in other areas, including trade, economic cooperation, health responses and the fight against terrorism.

She said, “Advancing religious freedom and security will help the United States and Nigeria to enhance the reciprocal benefits of our relationship: solidifying trade and economic deals, degrading terrorist groups that threaten our interests, and strengthening health responses, among many other areas. We hope to identify some ways to return internally displaced persons to the communities from which they were expelled in the North Central States, interdict weapons and funding going to terrorist groups, and expand investigations and ensure prosecution of individuals and groups committing atrocities.”

Her comments came amid fresh field reports confirming that the abductors of the Kurmin Wali worshippers were seen trekking with their victims between Ungwan Gamu and Maro communities in Kajuru Local Government Area, exploiting forest routes long known as bandit hideouts.

The abductors have reportedly demanded the return of 17 motorcycles, valued at N28.9m, which they claim were seized during recent military operations, as a condition for the release of the victims.

In response, National Security Adviser, Nuhu Ribadu, acknowledged the gravity of the situation, saying the Federal Government had intensified joint military operations, intelligence coordination and investigations into attacks on religious communities.

Ribadu said violence framed along religious lines was unacceptable and would be treated as an attack on the Nigerian state, assuring that perpetrators would be tracked and prosecuted.

“Nigeria is a deeply plural society, and the protection of all citizens: Christians, Muslims, and those of other beliefs, is non-negotiable. Violence framed along religious lines is treated as an attack on the Nigerian state itself. Our response, therefore, integrates security operations, rule of law, humanitarian safeguards and strategic communication, ensuring that operational successes translate into public confidence and strengthened social cohesion,” he said.

Ribadu said President Bola Ahmed Tinubu had authorised expanded security deployments, enhanced intelligence coordination and stronger investigations into attacks on religious communities, assuring that perpetrators would be tracked and prosecuted.

He said, “At the national level, and under the leadership of President Bola Ahmed Tinubu, Nigeria has taken deliberate and decisive steps to confront insecurity. The President has formally declared national security emergencies in vulnerable and high-risk areas, authorised intensified joint operations, and directed the sustained deployment of security forces to priority locations, particularly those communities experiencing recurrent attacks on civilians and religious groups.

“These directives have been matched with concrete action. Nigeria is expanding early-warning and rapid-response mechanisms, developing a national database to serve as a single, authoritative source of accurate and verifiable data on deaths and casualties arising from violence. This effort will strengthen evidence-based decision-making, accountability, and the effectiveness of security responses. Parallel to this, investigations and prosecutions related to attacks on religious communities have been intensified to ensure that violence is met not only with force, but with justice and accountability.”

Briefing journalists after the meeting, the Minister of Information and National Orientation, Mohammed Idris, said the engagement reflected sustained efforts to deepen security partnerships and deliver concrete results.

“This is the third high-level engagement with senior United States officials since November 2025. It shows that our partnership is active, serious, and focused on outcomes that matter to Nigerians,” Idris said in a statement by his media aide, Rabiu Ibrahim.

He noted that collaboration between the two countries had translated into operational gains on the ground.

“Our military and security agencies are working closely with US partners through intelligence sharing and operational coordination, and have strengthened ongoing operations, including Operation Hadin Kai in the North East and Operation Fasan Yamma,” he added.

Idris also highlighted the US commitment to deliver outstanding military equipment procured over the past five years, including drones, helicopters, and support systems, and noted readiness to provide surplus defence equipment.

On domestic measures, he stated, “Nigeria is acting decisively. Security agencies have clear instructions to protect communities and respond swiftly to threats.”

He added that the Federal Government was strengthening early-warning systems and developing a national database to generate accurate figures on deaths and casualties linked to violence.

“This will give us a single, trusted source of data to guide decisions, improve accountability, and sharpen our security response,” he said.

The minister urged Nigerians to remain patient and supportive as reforms continue.

“Our responsibility is to keep Nigerians informed and reassured. The work being done today is to ensure a safer country tomorrow,” he added.

The session was attended by senior Nigerian officials, including the Minister of Defence, Gen. Christopher Gwabin Musa (retd.), the Chief of Defence Staff, Gen. Olufemi Oluyede, and the Inspector General of Police, Kayode Egbetokun. Aside Hooker, the US delegation included Deputy Commander of AFRICOM Lt. Gen. John Brennan, and other senior officials.

Other countries that the US Under Secretary is billed to visit are Muscat, Oman; Manama, Bahrain; and Rome, Italy, the US Department of State announced in a statement on Wednesday.

Her itinerary includes strategic dialogues in Oman and Bahrain, where she will lead discussions aimed at advancing cooperation on a range of security, economic and cultural priorities with both governments.

In Rome, she will engage with international partners and counterparts on major global issues, including the Russia-Ukraine war, Venezuela and peace efforts in the Middle East.

She is also scheduled to meet representatives of United Nations agencies such as the World Food Programme and the Food and Agriculture Organisation to discuss oversight and accountability for US-funded assistance programmes, and to explore new agricultural trade opportunities for American farmers.

Hooker, who was appointed Under Secretary of State for Political Affairs in 2025, oversees key regional and bilateral policy issues across the State Department and plays a central role in shaping US diplomatic engagements globally.

The Village Head of Kurmin Wali, Ishaku Dan’azumi, told newsmen on Thursday that the sighting of the abductors and their victims followed threats issued by the abductors after they detected the presence of security operatives in the area.

Dan’azumi told newsmen in a telephone interview that the abductors and their victims were seen trekking on foot between neighbouring Ungwan Gamu and Maro communities. However, their exact destination could not be ascertained.

“They (abductors) accused us of bringing soldiers and claimed powerful people were backing us,” Dan’azumi said. “After that call, they disappeared. This (Thursday) morning, we were told that they were seen moving on foot with our people between Ungwan Gamu and Maro, but we do not know exactly where they are heading,” he said.

According to the traditional ruler, the development followed threats allegedly issued by the bandits on Wednesday evening after they noticed the presence of security operatives in the area.

“They said we were claiming to have ‘big people’ backing us because of the military presence,” Dan’azumi said.

 

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