Aliko Dangote has released specific details regarding the alleged foreign education expenses of Engr. Farouk Ahmed’s four children:
Children’s Names and Alleged Secondary Schools in Switzerland (each for approximately 6 years):
– Faisal Farouk: Montreux School
– Farouk Jr.: Aiglon College
– Ashraf Farouk: Institut Le Rosey
– Farhana Farouk: La Garenne International School
Alleged Costs Released: – Total for secondary education (tuition, upkeep, air tickets, etc.): Over $5 million for four children.
– Additional tertiary education: Approximately $2 million for four children’s university fees (over 4 years).
– Specific for 2025: $210,000 spent on Faisal’s Harvard MBA ($150,000 tuition + $60,000 for upkeep, tickets, and incidentals).
Mr Dangote claimed that Mr Ahmed (Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)) was living beyond his legitimate means, claiming that four of his children attend secondary schools in Switzerland at costs running into several million of dollars.
He said such expenditure raised serious questions about potential conflict of interest and the integrity of regulatory oversight in the downstream petroleum sector.
