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Dangote Fires Back At Corruption Allegations: “My Money Is Clean”
Aliko Dangote, President of Dangote Industries Limited, has rejected allegations that he leverages his influence to suppress competition. The billionaire stressed that his achievements stem from strategic investments and entrepreneurship rather than preferential treatment or restrictive policies.....KINDLY READ THE FULL STORY HERE▶
Recent reports highlighted claims that some of Dangote’s major successes occurred in sectors with import restrictions, such as sugar and cement. Past criticisms, including a 2007 cable from then-US Consul General Brian Browne later published by WikiLeaks, suggested that Dangote benefited from a system that limited competition in his favor. Browne reportedly described him as a “predator” in a politically corrupt environment and noted that many items on Nigeria’s import ban lists aligned with Dangote’s business interests.
Responding to the claims, Dangote pointed out that the products in question were not banned at the time. He emphasized that his success is rooted in identifying opportunities that others overlooked. “If you are going to call first movers into business monopolists, then you will never establish a manufacturing base, or you’ll never establish anything that you call a country,” he said.
Dangote also reflected on the challenges of establishing his $20 billion oil refinery, citing Nigeria’s limited public infrastructure and the need to provide nearly all services independently. “Right from the beginning of building the refinery, we realised that nobody could provide us with any service. You have to provide almost everything by yourself,” he said, adding, “If I knew what I was going to go through, I wouldn’t have tried it.”
According to the Bloomberg Billionaires Index, Dangote’s net worth has increased by approximately $1 billion over the past three months to $28 billion, fueled by the refinery’s ramp-up, which has positioned Nigeria as a net exporter of petroleum products for the first time in three decades.
He firmly denied any impropriety, including preferential access to foreign exchange for the refinery project. “We have made our money clean. We are not part of the corruption. We are part of the problem-solving,” Dangote asserted.
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TRAGEDY ON THE FRONTLINE: HEROIC SOLDIER AND VIGILANTE K!LLED IN BOLD EFFORT TO SAVE ABDUCTED BORNO STUDENTS.
Following an attack on Government Day Secondary School in Lassa, Askira/Uba Local Government Area, Borno State, a joint operation by local hunters and troops from Operation Hadin Kai led to the rescue of some abducted students and teachers.....KINDLY READ THE FULL STORY HERE▶
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After receiving a distress call, local hunters tracked the terrorists into the forest and engaged them in a gunfight.
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Vigilante sources reported that the hunters rescued eight students and two teachers, whom they subsequently transferred to the military.
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Contrarily, troops of Operation Hadin Kai stated they rescued nine students and one teacher with the assistance of the hunters.
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During the operation, the rescue team recovered motorcycles belonging to the insurgents.
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One soldier and one member of the local vigilante group were killed in the encounter.
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Military forces have deployed reinforcements and are guarding potential escape routes to locate and rescue the remaining victims.
Public Reaction to Military Response
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Local residents expressed dissatisfaction with the military’s response time, noting that the school is located near a military camp.
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One anonymous resident alleged that troops had departed their post for a patrol in a neighboring village when the attack occurred.
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The resident credited the hunters for their bravery, noting that while they successfully rescued several individuals, a female teacher remains in captivity.
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This incident has been compared to a recent abduction in Mussa village, where 42 pupils were taken after troops reportedly left their duty post.
The attack occurred during a period of ongoing military efforts to neutralize Boko Haram and ISWAP strongholds in the North-East region.
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Beyond The Reach Of Power: Omole Reveals Why State Police Won’t Be Tinubu’s Rigging Tool.
Charles Omole, the Director-General of the Institute for Police and Security Policy Research (IPSPR), has rejected claims that President Bola Tinubu is advocating for state police to manipulate the 2027 general elections.....KINDLY READ THE FULL STORY HERE▶
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Logistical Impossibility: Omole stated that it is practically impossible to establish functional state police services before the next general election, citing the complex constitutional, legal, and operational processes involved.
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Debunking Rigging Allegations: He argued that the theory of using state police to rig elections is illogical, noting that it would be far simpler for a President to utilize a single police force already under their control rather than creating and managing 36 separate state police services.
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Strategic Objectives: Omole suggested that the President’s primary goal is likely to finalize the legal framework for state policing during his current term, ensuring a smooth transition to implementation should he win a second term.
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Need for Reform: He emphasized the necessity of a federal technical team to properly redesign policing, warning that merely replicating the current Nigeria Police structure at the state level—without addressing jurisdictional and operational challenges—could exacerbate existing security issues.
The proposed legislation, which has passed through the House and Senate, aims to amend Section 214 of the Constitution to formally establish both federal and state police services.
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Massive Win For Families: Cooking Gas Prices Crash By 31%.
Families nationwide are starting to see financial relief as the retail cost of Liquefied Petroleum Gas (LPG) drops, driven by better supply levels and lower depot prices. While price reductions are not uniform, market data indicates that costs have begun to stabilize in major urban centers following a recent period of significant price hikes.....KINDLY READ THE FULL STORY HERE▶
As of late June 2026, the national retail price for cooking gas typically ranges from ₦1,100 to ₦1,650 per kilogramme, though prices can be higher in certain neighborhoods due to logistical challenges, such as transport costs and distance from supply depots. Regional price breakdowns include:
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Lagos, Ibadan, and Abeokuta: ₦1,100 – ₦1,350/kg.
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Benin City, Port Harcourt, and Warri: ₦1,150 – ₦1,400/kg.
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Onitsha and Enugu: ₦1,200 – ₦1,450/kg.
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Abuja: ₦1,250 – ₦1,500/kg.
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Kano and Kaduna: ₦1,300 – ₦1,550/kg, while Maiduguri and parts of the North-East remain higher at up to ₦1,650/kg.
Impact on Cylinder Refills Depending on the location and specific retailer, the cost to refill standard cylinders now falls within these ranges:
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5kg Cylinder: ₦5,500 – ₦8,250.
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6kg Cylinder: ₦6,600 – ₦9,900.
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12.5kg Cylinder: ₦13,750 – ₦20,625.
Industry leaders, including Edu Inyang of the Nigerian Association of Liquefied Petroleum Gas Marketers and Ayobami Olarinoye of the NUPENG LPG Retailers Branch, noted that supply levels are normalizing, leading to increased product availability. While some retailers currently sell to consumers at prices between ₦1,600 and ₦1,800 per kg, marketers remain optimistic that if local supply and imports remain consistent, prices may continue to decrease in the coming weeks.
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