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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

Tokunbo Wahab Is Not the Argument —- By Folorunso Fatai Adisa

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There is a curious disease in our public conversation.

We begin by asking a legitimate question about public office and, before the question has finished breathing, we have dragged the office holder’s private life into the courtroom of Twitter, Facebook and other microblogging platforms.

Accountability then loses its object. What began as a question about the government becomes an argument about a man’s wristwatch, his income, his wardrobe and, eventually, his worth as a human being.

That is where the recent exchange involving the Lagos Commissioner for the Environment and Water Resources, Tokunbo Wahab, deserves a little intellectual housekeeping. The commissioner is a public officer. His stewardship is therefore open to scrutiny.

Lagosians have every right to ask what the ministry is doing about waste, flooding, drainage, wetlands, pollution and the general quality of the city’s environment. They can challenge policies, demand figures, question enforcement methods and ask whether public expenditure is producing the promised results. That is citizenship, exercised exactly as it should be.

The problem begins when interrogation of the office quietly mutates into an indictment of the personality. The distinction matters because a commissioner does not become a man without a past simply because he became a commissioner. He does not enter public office naked, without a wardrobe, a career, investments, property, relationships or possessions acquired before his appointment. Public service creates obligations concerning public resources. It does not, by itself, create a doctrine under which every possession of a public servant must have been purchased from his government salary. If there is credible evidence that a public officer acquired an asset with public funds, that is a serious matter, and the appropriate response is evidence, documentation and investigation.

The question then becomes forensic: what money was used, when was the asset acquired, through whom and from what source? That is accountability. Insinuating that a public officer is suspect because his lifestyle exceeds his publicly quoted salary is something considerably weaker than that. There is another problem. We have developed the unfortunate habit of using poverty as an investigative instrument.

Once a public servant is seen wearing something expensive, some people instinctively calculate his salary and announce a contradiction. But wealth can precede office. It can also arise from legitimate sources unrelated to government remuneration.

A serious society carries the burden of establishing facts rather than constructing guilt from appearances. A person’s pre-existing wealth does not exonerate corruption, just as a person’s modest appearance does not prove integrity. It would be too generous, however, to treat this instinct as mere mob impatience.

Nigerians have learned, across decades of asset declarations filed and never published, of panels convened and never concluded, that the forensic route rarely arrives anywhere. When the formal mechanisms of accountability function so inconsistently, the wristwatch becomes a kind of improvised evidence, the only exhibit an ordinary citizen feels he can examine for himself. That instinct is understandable. It is also, for all its understandable origins, not accountability. It is a substitute for accountability, adopted precisely because the real thing has so often failed to show up.

The answer to that failure cannot be to lower the standard of proof until suspicion counts as verdict. It has to be to make the actual mechanisms, asset declaration, procurement audit, legislative oversight, work well enough that citizens no longer need to read a jacket as a confession.

Chinua Achebe understood this terrain better than most.

In A Man of the People, the narrator Odili watches his former teacher, Chief Nanga, arrive in a convoy, dressed in a manner that instantly signals the gulf between a minister’s income and a minister’s visible life, and Odili’s suspicion curdles almost immediately into certainty, long before he has anything resembling proof.

Achebe’s genius is that he does not simply indict Nanga. He indicts the whole arrangement that makes Nanga’s wealth both obviously excessive and almost impossible to challenge through any route except gossip and grievance, because the institutions that should have examined it have already failed to.

The novel’s quiet tragedy is that Odili’s outrage, however justified in spirit, never converts into anything the state recognises as evidence. It converts instead into personal vendetta. Sixty years later, Lagos Twitter performs a compressed, accelerated version of the same failure: real suspicion, real grievance, nowhere forensic to put it, so it lands instead on a watch.

The environmental question, however, remains and should not be evaded. Lagos is not a spotless city. Anyone who lives here knows this without needing a laboratory. There are places where refuse remains a public nuisance, where drainage channels are abused, where indiscriminate dumping persists and where the city’s environmental ambitions collide daily with the habits of its residents.

The government should therefore be interrogated, relentlessly and intelligently, about what it controls and what it has achieved. The ministry has pointed to measurable work in this period, continued dredging of major drainage channels, the removal of large volumes of plastic waste from circulation, and improvements to landfill turnaround.

Those are the kinds of claims that should be checked against independent data, not simply accepted because they were announced, and not simply dismissed because they were announced by the government being scrutinised.

But the Lagos environment is not produced by the commissioner alone. A city is also the physical expression of the habits of its inhabitants. Metropolitan cities across the world carry their own share of environmental strain, much of it driven by population pressure they did not choose and cannot easily reverse.

New York still contends with its rat-infested subway corridors. London has not solved the wristwatch and phone snatching that plagues several of its busiest streets. A city that succeeds at drawing people in pays a price for that success, in the form of strain that tips over into crime or filth or both.

Managing that strain is a shared project between the government that must build the systems and the citizens who must not defeat them. This is not an excuse for government failure. A city that cannot keep its drainage clear has a government that has not done its job, regardless of how its citizens behave.

But a government that keeps its drainage clear can still watch a city go dirty within a week, if its citizens treat every open space as a private bin. The man who would never urinate by the roadside in London may find a corner in Lagos sufficiently anonymous for the same act. The person who would not throw a plastic bottle into a Canadian street may toss one through the window of a moving vehicle here.

Someone who would not fly-tip in a city where enforcement is predictable may dump waste where he assumes nobody is watching. The geography changes. The moral principle should not. Canary Wharf does not become cleaner because a mayor tweets more vigorously. Lagos does not become dirty because a commissioner wakes up one morning and decides to manufacture filth.

The city’s environmental condition is the cumulative product of government policy, infrastructure, enforcement, commercial practice and millions of individual decisions made every day. The government has a duty to provide systems that work and enforce the rules fairly.

Citizens, businesses and visitors carry the corresponding duty not to turn every street, drainage channel and open space into an extension of their personal waste bins. This is why the commissioner should be questioned about his ministry’s record, and why Lagosians should also question themselves. The most convenient politics is to locate every social problem inside the personality of one public official. It spares us the discomfort of examining how we participate in the very problem we condemn.

We complain about a dirty Lagos while some of us litter Lagos. We demand enforcement while some of us search for ways around the rules. We criticise the government for failing to maintain public spaces while treating those spaces as though they belong to nobody. The temptation to personalise public accountability is particularly strong on social media, because outrage travels faster than evidence.

A question about environmental policy is less entertaining than a quarrel about a wristwatch or lifestyle. A request for audited expenditure is less viral than an insult. Unfortunately, governance cannot be reduced to viral drama, however satisfying the drama feels at the moment.

Social media can, in fact, be a legitimate instrument of environmental accountability, a tool through which citizens document violations and press government institutions for answers. That is the useful side of the platform. The line is crossed when the institution disappears from view and the personality becomes the entire target.

Tokunbo Wahab should not be above scrutiny because he is a commissioner, and he should not be reduced to a salary figure because he is one. If his ministry has failed, show us where. If it has succeeded, show us the evidence independent of the ministry’s own press briefings. If public money has been abused, produce the trail. If enforcement has been selective, document it.

Those are questions worthy of a city as consequential as Lagos, and they are considerably harder to answer, and considerably more useful once answered, than anything a wristwatch can tell us. What does not help is turning a question about public accountability into a referendum on whether a public servant is entitled to own an expensive possession.

Unless there is evidence connecting that possession to public funds, the argument has not established anything. It has established, at most, that somebody owns something another person considers too expensive for his position, which, as Achebe’s Odili eventually discovers, is a grievance, not a case.

Lagos is too important to be governed by sentiment and too troubled to be debated through personal abuse. The city needs citizens capable of distinguishing an uncomfortable question from an ignorant accusation, just as it needs public officers capable of distinguishing legitimate criticism from personal persecution.

The real interrogation should remain where it belongs: on the office, its powers, its responsibilities, its decisions and its results.

Once we lose that distinction, we are no longer holding power accountable. We are simply quarrelling with people.

The conversation does not end here.

You can continue it with me on X via @folorunso_adisa, LinkedIn: Folorunso Fatai Adisa, or on Facebook at Folorunso Fatai Adisa.

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BIG STORY

BREAKING: FG Announces Petrol Discount Through NNPC

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The Federal Government has announced a 30-day discount on petrol sold by the Nigerian National Petroleum Company Limited (NNPCL), with public transport operators to receive priority under the arrangement.

 

The Minister of Finance and Coordinating Minister of the Economy, Taiwo Oyedele, disclosed this on Thursday during a press briefing on petrol prices and subsidy-related issues in Abuja.

 

Oyedele said the arrangement was not a return to petrol subsidy, explaining that the government would instead allow petrol to be sold at cost through NNPC.

 

“We are offering a discount on petrol dispensed by NNPC Limited for the next 30 days in the first instance with priority for public transporters nationwide. So, it’s not a subsidy; the government is just saying we sell to you at cost,” he said.

 

The announcement comes as petrol prices at NNPC stations vary across the country. NNPC’s latest reported price list puts the pump price at N1,355 per litre in Lagos and Rivers, while Abuja is listed at N1,370 per litre.

 

More details later…

 

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BIG STORY

BREAKING: Security Agencies Rescue 20 Kidnapped Prospective NYSC Members In Imo

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The recently kidnapped 20 prospective National Youth Service Corps (NYSC) members and one civilian have been rescued by security agencies, including the military, Department of State Services (DSS) and police, in Imo State.

 

The victims were rescued during an intelligence-led operation involving the security agencies.

 

The rescued prospective corps members and the civilian are currently receiving medical attention at a DSS facility in the state.

 

More details later…

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