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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.
Barely a year after its inauguration in Akwa Ibom State, the African Democratic Congress (ADC) has been plunged into a deep factional crisis.....KINDLY READ THE FULL STORY HERE▶
The Chief John Odigie-Oyegun-led faction of the African Democratic Congress (ADC) has taken steps aimed at resolving the ongoing crisis within the party.....KINDLY READ THE FULL STORY HERE▶
The dispute involves three individuals — Tony Alile, Kennedy Odion, and Deacon Nosa Ehima — all laying claim to the position of state chairman.
Alile, who emerged from the party’s state congress, said efforts have been intensified to activate internal conflict resolution mechanisms to settle grievances and promote unity ahead of future elections.
Speaking at a political gathering in Ewohimi, Esan South East Local Government Area, he said the move was necessary to strengthen cohesion within the party amid its rising profile.
“We are aware of concerns arising from my emergence as chairman, but I assure members that the party has activated its internal conflict resolution framework to address all issues amicably,” he said.
He added that the party remains focused on unity, inclusiveness, and building a strong platform capable of winning elections and delivering good governance.
Alile also noted that the growing influx of members reflects public dissatisfaction with existing political structures, insisting that ADC is positioning itself as a credible alternative.
Other speakers at the event described recent defections into the party as evidence of shifting political sentiments, saying the ADC is gaining support due to growing calls for better governance and development.
The National Association of Nigerian Students (NANS) has honoured the Vice Chancellor of Lagos State University, Prof. Ibiyemi Olatunji-Bello, as one of 45 distinguished Nigerians to mark its 45th anniversary.....KINDLY READ THE FULL STORY HERE▶
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