Dare Babalola
Aliko Dangote, president of Dangote Refinery and chairman of Dangote Group, has released details of the alleged foreign education tuition allegation against the chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory, Farouk Ahmed.
In a document circulating publicly on Tuesday and personally signed by Dangote, the billionaire investor, it was stressed that Ahmed spent $5 million on the secondary and tertiary education of his four children abroad, particularly in Switzerland and the United States.
In a newspaper advert published on Tuesday, Dangote claimed that Ahmed’s children are said to have attended some of the world’s most expensive schools, including Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School, each reportedly spending about six years at their respective institutions.
Earlier, Dangote said 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.
Dangote further claimed that living expenses and air tickets per child over six years amounted to $1.2 million, which totals $4.8 million for the four children.
Based on these figures, he estimated that the combined cost of tuition and upkeep reached about $5 million.
Dangote also outlined the alleged cost of the children’s tertiary education, saying tuition, upkeep, airfare, and other expenses averaged $125,000 per year over four years.
He said this amounts to $500,000 per child and a total of $2 million for the four children.
“Faisal just finished 2025 Harvard MBA at $150,000 and $60,000 for upkeep, tickets and other incidentals. Total =$210,000 spent in 2025 for Faisal’s MBA,” he added.
Dangote said Nigerians deserve to know the source of funds “paid by a public officer, while many parents in his home state of Sokoto cannot afford to pay N10,000 school fees for their children and wards.”
