• About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions
Friday, March 6, 2026
Verily News
No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story
No Result
View All Result
No Result
View All Result
Home News

ICPC Insists on Continuing Probe of Former NMDPRA Boss Despite Dangote’s Petition Withdrawal

January 8, 2026
in News
Reading Time: 4 mins read
0
ICPC Investigates Student Loan Disbursement
Share on FacebookShare on TwitterShare on Linkedin
Spread the love

The Independent Corrupt Practices and Other Related Offences Commission has declared that it will proceed with its investigation into the former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Ahmed Farouk, notwithstanding the withdrawal of the petition initially submitted by billionaire businessman Aliko Dangote.

The anti-graft agency said the decision to continue the probe was anchored on its statutory responsibility and the wider public interest.

Photo combo of Aliko Dangote and Ahmed Farouk

The commission confirmed that it had received a formal “notice of withdrawal” of the petition against Farouk, which was submitted by Dangote’s legal representatives. However, the ICPC stressed that the withdrawal would not halt the investigation, as its mandate empowers it to pursue allegations of corruption once a matter has been initiated.

According to the commission, sections 3(14) and 27(3) of its enabling Act give it the authority to continue investigations in the interest of transparency, accountability, and Nigeria’s anti-corruption efforts.

In a statement issued by its spokesperson, J. Okor Odey, the commission disclosed that the letter conveying the withdrawal was dated January 5, 2026, and titled “Notice of Withdrawal of Petition against Engineer Farouk Ahmed.” The letter was submitted by Dr. O. J. Onoja, SAN and Associates, acting as legal counsel to Alhaji Aliko Dangote.

The statement explained that the legal team informed the commission that the petitioner had withdrawn the petition dated December 16, 2025, in its entirety, adding that another law enforcement agency had reportedly taken over the matter.

ICPC Office

Despite this development, the ICPC made it clear that investigations had already commenced and were ongoing. The commission stated categorically that once allegations of this nature are brought before it, the process cannot simply be discontinued at the discretion of the petitioner, especially where public funds and public trust are involved.

It maintained that its actions were guided by the interests of the Nigerian people and the Nigerian state.

Dangote, who chairs the Dangote Group, had in December 2025 submitted a petition to the ICPC accusing Farouk of corruption and financial impropriety during his tenure as the head of the NMDPRA. In the petition dated December 16, Dangote called for the arrest, investigation, and prosecution of the former regulator, alleging that he lived far above his legitimate means as a public servant.

According to the petition addressed to the Chairman of the ICPC, Musa Aliyu (SAN), Dangote alleged that Farouk spent more than seven million dollars, without proof of lawful income, on the education of his four children in Switzerland over a six-year period.

The petition reportedly contained details of the children, the schools they attended in Switzerland, and the amounts paid, which Dangote said were included to aid verification by the anti-graft agency.

The businessman further alleged that Farouk abused his position by using the instrumentality of the NMDPRA to embezzle and divert public funds for personal benefit and private interests, actions he claimed were detrimental to Nigerians and had previously triggered protests by various groups.

Dangote argued that Farouk had spent his entire adult life working in Nigeria’s public sector and that his cumulative earnings over the years could not reasonably amount to seven million dollars.

Dangote and his Refinery

According to Dangote, the funds used for the overseas education of Farouk’s children were allegedly diverted from public coffers. However, Farouk firmly rejected the accusations, dismissing them as “wild and spurious” and maintaining his innocence.

The rift between Dangote and Farouk did not begin with the petition. Their dispute can be traced back to July 2024, when the former NMDPRA chief publicly stated that locally refined petroleum products, including those from the Dangote refinery, were inferior in quality to imported products.

That comment reportedly strained relations between both men and set the stage for the subsequent allegations.

What you should know

The ICPC’s decision to continue its investigation despite the withdrawal of Aliko Dangote’s petition underscores the commission’s independence and its power to pursue corruption cases beyond private interests.

The case highlights the tension between regulatory authorities and major industry players, as well as the broader debate over accountability in Nigeria’s oil and gas sector.

With allegations involving billions of naira and public trust, the outcome of the probe could have significant implications for anti-corruption enforcement and governance standards in the country.

Tags: Ahmed FaroukAliko DangoteICPCNMDPRA
Share197Tweet123Share34
Previous Post

Oil Rebounds, Stocks Slip as Venezuela Tensions and Jobs Data Rattle Markets

Next Post

Gold Prices Retreat as Markets Await Friday’s Employment Report

Related Posts

FG Introduces New Tax Policy For Small Businesses

Tinubu Issues New Directive to the Military

by Assumpta
March 6, 2026
0

Tinubu Issues New Directive to Military

Trump Mentions Next Country to Attack After Iran

Trump Mentions Next Country to Attack After Iran

by Assumpta
March 6, 2026
0

Trump Mentions Next Country to Attack After Iran

El-Rufai and ICPC logo

El-Rufai’s Family Demands Immediate Release

by Victor Haruna
March 6, 2026
0

The family of former Kaduna State governor Nasir El-Rufai has called for his immediate and unconditional release from the custody...

United States congressman, Riley Moore.

Again, US Lawmaker Raises Alarm Over Attacks on Christians in Nigeria

by Victor Haruna
March 6, 2026
0

A member of the United States House of Representatives, Riley Moore, has expressed concern over reported attacks on Christians in...

Sowore and Wives Of Detained Military Officers

Alleged Coup: Sowore, Detained Military Officers’ Wives Protest

by Victor Haruna
March 6, 2026
0

Human rights activist Omoyele Sowore and the wives of detained Nigerian military officers staged a protest in Abuja on Friday,...

Load More
Next Post
Gold

Gold Prices Retreat as Markets Await Friday's Employment Report

Trump looking

Trump Pulls US Out of Core UN Climate Treaty in Major Retreat From Global Cooperation

Mars

Bruno Mars Announces Long-Awaited Solo Album "The Romantic" Set for February Release

PDP Governors Hold Crucial Meeting Amid Defections, Internal Crises

Rivers Assembly Opens Impeachment Process Against Governor Fubara, Deputy

Adekunle Gold

Adekunle Gold and Simi Announce Birth of Twins

Photo of Abubakar Malami

Court Orders Interim Forfeiture of 57 Properties Linked to Abubakar Malami in EFCC Probe

Photo of the Chairman of the National Sports Commission, Shehu Dikko.

NSC Confirms Resolution of Super Eagles’ Outstanding Payments Ahead of Algeria Clash

Customs

Nigeria Customs Revenue Surges to N3.7 Trillion, Becomes Key Non-Oil Revenue Source

Gas

GenCos' Revenue Drops N80.56bn on Reduced Energy Offtake in Q3 2025

Photo of Oxford Dictionary

Oxford English Dictionary Adds More Nigerian Words in December 2025 Update

  • Trending
  • Comments
  • Latest
cbn governor olayemi cardoso

CBN Approves Merger Between Two Banks

February 23, 2026
us to deport 79 nigerians

Full List: US To Deport 79 Nigerians

February 11, 2026
FG (TInubu) To Stop Salaries Of Unverified Workers

Tinubu Makes 12 New Appointments

February 11, 2026
Rihanna

Rihanna: Vibrant Star Elevating Nigerian Fashion Trends

1
Markets

European Markets Fall as French Government Crisis Deepens, Trump Fires Fed Governor

1
Kenya Airways

Viral video: Drama at Airport as Nigerian Woman Clashes with Kenya Airways Over Visa Issue

0
FG Introduces New Tax Policy For Small Businesses

Tinubu Issues New Directive to the Military

March 6, 2026
Trump Mentions Next Country to Attack After Iran

Trump Mentions Next Country to Attack After Iran

March 6, 2026
Credit

FG Approves ₦250bn Credit Facility for Small Farmers

March 6, 2026
Verily News

Copyright © 2025 Verily News.

Navigate Site

  • About Us
  • Advertise
  • Privacy & Policy
  • Contact Us
  • Terms and Conditions

Follow Us

No Result
View All Result
  • News
    • Breaking News
    • Global News
  • Politics
    • Political Analysis
    • Government & Policies
  • Business & Economy
    • DIY and FAQ
    • Product Reviews
  • Entertainment
    • Sports
    • Movie
    • Music
  • Technology
  • Trends
  • Fact-Check
    • Investigative Reports
  • Opinion
  • Share your story

Copyright © 2025 Verily News.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Get Breaking News Alerts on WhatsApp