Dangote releases details, exposes $5M Swiss school spending by NMDPRA CEO Farouk
Aliko Dangote, chairman of the Dangote Group, has alleged that Farouk Ahmed, chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), spent about $5 million on the secondary school education of his children in Switzerland.
In a paid newspaper advert published on Tuesday, the billionaire businessman claimed that the amount was paid for the education of four of Ahmed’s children over a six-year period.
Dangote had earlier raised the allegation on Monday, stating that Ahmed Farouk “paid $5 million” to Swiss secondary schools for his children’s education, an action he described as “economic sabotage and corruption”.
Providing further details in the advert, Dangote named the children as Faisal Farouk, Farouk Jr., Ashraf Farouk, and Farhana Farouk.
He also listed the schools attended by the children during the six-year period as Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School.
According to Dangote, the estimated costs covered tuition fees, living expenses, air travel, and general upkeep, calculated across four children and several years of study.
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.
The businessman further explained that the combined living expenses and air travel costs per child over six years amounted to $1.2 million, translating to $4.8 million for the four children.
Overall, Dangote estimated that the total cost of tuition and upkeep for the children reached $5 million.
He also highlighted the alleged tertiary education expenses of Ahmed’s children, noting that tuition, upkeep, airfare, and other costs averaged about $125,000 per year over a four-year period.
According to Dangote, this resulted in $500,000 per child for four years, amounting to a total of $2 million for all the 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,” Dangote said.
He added that 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”.
