Aliko Dangote, chairman of the Dangote Group, has revealed further details of his allegations against Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), claiming that Ahmed spent $5 million on his children’s secondary school education in Switzerland.
Dangote had earlier alleged that Ahmed engaged in “economic sabotage and corruption” by paying $5 million for his children’s education.
In a paid newspaper advert on Tuesday, he named the four children – Faisal Farouk, Farouk Jr., Ashraf Farouk, and Farhana Farouk – who attended prestigious Swiss schools, including Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School.
“Nigerians deserve to know the source of the money 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,” Dangote said.
According to Dangote, the annual cost of tuition, airfare, and upkeep per child was $200,000, totaling $800,000 per year for the four children.
He provided a breakdown of the expenses, stating that living expenses and air tickets per child over six years were $1.2 million, amounting to $4.8 million for all four children. “The combined cost of tuition and upkeep for all the children reached $5 million,” Dangote noted.
Dangote also highlighted the tertiary education expenses for Ahmed’s children, citing Faisal’s 2025 Harvard MBA as an example.
“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 said.
The total cost for tertiary education for all four children was estimated at $2 million.
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