Dangote details $5m NMDPRA CEO spent on children’s Swiss education
The Chairman of the Dangote Group, Aliko Dangote, claimed that the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, allegedly invested approximately $5 million in the secondary education of his children in Switzerland.
In a newspaper advertisement published on Tuesday, Dangote indicated that this amount purportedly covered six years of schooling for four of Ahmed’s children.
On Monday, Dangote had accused Ahmed of spending $5 million on a Swiss educational institution, labeling the expenditure as an example of “economic sabotage and corruption.”
On Monday, Dangote had charged Farouk with paying $5 million to a secondary school in Switzerland for the education of his children, denouncing the move as “economic sabotage and corruption.”
In the statement, Dangote outlined his claims, naming the four children as Faisal Farouk, Farouk Jr., Ashraf Farouk, and Farhana Farouk.
He also mentioned that the children were enrolled at Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School over a span of six years.
According to the billionaire, the children were educated at Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School over a duration of six years.
Dangote also provided estimates for yearly tuition, living costs, air travel, and maintenance, which he calculated for all four children over the entire length of their education.
He stated that the yearly expenses for tuition, airfare, and upkeep per child were $200,000, which totaled $800,000 annually for all four children.
Dangote elaborated that over six years, the cumulative living expenses and air travel for each child amounted to $1.2 million, resulting in a total of $4.8 million for all four children.
He estimated that the overall cost of tuition and maintenance for all four children was approximately $5 million.
He also detailed their tertiary education costs, noting that the average annual tuition, living expenses, airfare, and other fees were around $125,000 per child.
This, he explained, totals $500,000 per child over four years, or $2 million for all four.
“Faisal recently completed his 2025 Harvard MBA at a cost of $150,000, with an additional $60,000 for living expenses, travel, and other miscellaneous costs. Total = $210,000 spent in 2025 for Faisal’s MBA,” he added.
Dangote expressed that Nigerians deserve to know the origin of the funds “spent by a public officer while many parents in his home state of Sokoto struggle to pay even N10,000 in school fees for their children.”
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