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#Nigeria oil sector

Dangote Petitions EFCC Over Ex-NMDPRA Boss Farouk Ahmed

Aliko Dangote has formally petitioned the Economic and Financial Crimes Commission (EFCC) against former NMDPRA boss Farouk Ahmed, alleging corruption and abuse of office. The move comes after Dangote withdrew a similar petition from the ICPC, citing a strategic decision to accelerate prosecution.

95News•1/9/2026

Article

NNPC’s Stake in Dangote Refinery Drops from 20% to 7.2%

NNPC’s planned 20% stake in the Dangote Refinery was scaled down to 7.2% due to unpaid balances, despite an initial $2.76 billion agreement and a $1 billion government-backed loan.

95News•11/5/2025