Aliko Dangote, the president and chief executive officer of Dangote Group, has accused Farouk Ahmed, the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), of economic sabotage driven by corruption.
According to Dangote, Ahmed spent $5 million on his children’s secondary school education in Switzerland, which he claims is inconsistent with a public servant’s income.
He called for a full investigation by the Code of Conduct Bureau, stating that such expenditure amounts to economic sabotage.
He went further to threaten that he will approach the court to take legal actions that will compel the schools to disclose payments made by Ahmed if he denies the allegation.
14 things you probably did not know about Farouk Ahmed, CEO of NMDPRA
He was born in Wangara, Dutse, Jigawa State.
He was nicknamed ‘the Petroleum Regulator.’
He also attended Southern Illinois University Carbondale, USA, where he earned a Bachelor of Science Degree in Engineering Technology.
He also attended several executive and management training programs globally.
He is a Fellow of the Nigerian Society of Engineers (NSE) and a member of the Institute of Electrical and Electronics Engineers (IEEE-USA).
He is a Fellow of the Council for the Regulation of Engineering in Nigeria (COREN).
He served as a senior crude oil trader at Duke Oil Incorporated.
He served as a manager of crude oil export programming and nominations at NNPC.
He served as an Executive Director, Commercial, at Petroleum Products Marketing Company (PPMC).
He served as a managing director at NiDAS Marine Limited.
He has over 34 years of experience in the oil and gas industry.
He served as an executive secretary at the Petroleum Products Pricing Regulatory Authority (PPPRA).
He was appointed as the CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) on September 29, 2021.
When he was appointed, he vowed that Nigeria can attract $575 billion in investments through the NMDPRA’s Industry Sustainability Initiative (ISI).
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