The President of Dangote Industries Limited, Aliko Dangote, has released details backing his earlier allegation questioning how Farouk Ahmed, chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), was able to finance the secondary school education of his children abroad, which he claimed amounted to about $5 million.
In a newspaper advert published on Tuesday, Dangote said the amount covered school fees and related costs for four of Ahmed’s children over six years in Switzerland.
The advert followed Dangote’s allegation on Monday that Ahmed Farouk “paid $5 million” to a Swiss secondary school for his children’s education, saying he wants the NMDPRA investigated on the alleged compromise in regulatory agency’s leadership against the interest of Nigerians.
In the publication, Dangote named the children as Faisal Farouk, Farouk Jr., Ashraf Farouk, and Farhana Farouk.
He also listed the schools they reportedly attended within the six years as Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School.
According to Dangote, who is also the owner of the 650,000bpd Dangote Refinery and Petrochemicals, the estimates included tuition, living expenses, air travel, and general upkeep, calculated for four children across several years.
He stated that the annual cost of tuition, airfare, and upkeep per child was $200,000, bringing the total to $800,000 per year for all four children.