Search

Nigeria oil regulators resign amid corruption claims by Dangote

Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
Africa’s richest man, Aliko Dangote (middle) to expand oil refinery. Photo @ Dangote Website
  • Heads of Nigeria’s oil regulators quit after Dangote’s corruption allegations
  • Tinubu names successors, seeks Senate confirmation

 

ABUJA, NIGERIA – Nigeria’s two top oil industry regulators resigned Wednesday after Africa’s richest man Aliko Dangote accused them of corruption and sabotaging the country’s energy sector.

Farouk Ahmed, chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), and Gbenga Komolafe, head of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), stepped down following mounting pressure triggered by Dangote’s public accusations. The government confirmed the resignations in a statement.

This article is free to read.

Sign up for free or sign in to continue
reading. Unlike our competitors, we don't force you to pay
to read the news but we do need your email address to
make your experience better.

Create your free account or sign in


By signing in, you agree to receive Allen Dreyfus newsletters and updates. You can unsubscribe at any time.

Recent Business

Industrial gas valves outdoors. Photo by David Brown @ Pexels
Will Tanzania's gas find deliver? Investors await proof
Read More »
Gold mine. Photo by István Mihály @ Pixabay
Is JPMorgan chasing Nigeria’s minerals? Banking strategy raises questions
Read More »
A vibrant market scene in Accra, Ghana. Photo by Zeal Creative Studios @Pexels
Can Ghana keep borrowing cheap? Investor demand softens
Read More »

Recent Politics

Fuel tanker truck navigating city roads. Photo @ Pexels
Can West Africa afford its rising fuel subsidies?
Read More »
Photo by Fran Ben @ Pixabay | Senegal
Can Senegal’s budget revolt derail its IMF rescue?
Read More »
A rusted tank at a war zone. Photo by Alen Bešlija @Pexels
Sudan’s drone war kills hundreds. Can diplomacy prevail?
Read More »

Latest Posts

Latest news insights