Close Menu
    Facebook X (Twitter) Instagram
    Facebook X (Twitter) Instagram
    SweetCrudeReportsSweetCrudeReports
    Subscribe
    • Home
    • Oil
    • Gas
    • Power
    • Solid Minerals
    • Labour
    • Financing
    • Freight
    • Community Development
    • E-Editions
    SweetCrudeReportsSweetCrudeReports
    Home » Dangote Group says it is cooperating with FX investigation

    Dangote Group says it is cooperating with FX investigation

    January 8, 2024
    Share
    Facebook Twitter LinkedIn WhatsApp
    *Aliko Dangote, president and chief executive officer of Dangote Group, Photographer: Wei Leng Tay/Bloomberg via Getty Images

    Lagos — Nigeria’s Dangote Group said on Sunday it was cooperating with an anti-graft commission which is investigating the possible misuse of foreign exchange from the central bank and would provide all required information.

    In its first comments since the Economic and Financial Crimes Commission, EFCC, visited the company’s headquarters in Lagos last week, Dangote confirmed that the agency’s officers had sought some documents to help the investigation.

    The group is owned by Africa’s richest man Aliko Dangote.

    It said it first received a request for documents last month and delivered a batch on Jan. 4 but the EFCC did not accept the documents, insisting that its officers visit the Dangote offices to collect them.

    “Whilst our representatives were still at the EFCC’s office to deliver the documents, a team of their officers proceeded to visit our offices to demand for the same documents in a manner that appeared designed to cause us unwarranted embarrassment,” the company said in a statement.

    “We remain committed to providing the EFCC with all necessary information and cooperation.”

    The EFCC did not immediately respond to a request for comment.

    Dangote said at the moment no accusations of wrongdoing had been made against any company within the group, which counts cement and fertiliser manufacturing, sugar refining and a 650,000 barrels per day oil refinery among its businesses.

    *MacDonald Dzirutwe, editing: Mark Potter – Reuters

    Related News

    Renewables to account for half of Brazil’s annual power output in 2035

    MAJI urges FG to ban single-use plastics, attract green investment

    Otedola plans investment expansion in power, banking sectors

    E-book
    Resilience Exhibition

    Latest News

    Crude climbs on US jobs report, China talks

    June 6, 2025

    Be deliberate in securing govt facilities in your communities – IBAS

    June 6, 2025

    UAE’s power capacity to reach 79.1GW in 2035

    June 6, 2025

    Gold steady near week high as markets brace for key US jobs data

    June 6, 2025

    Nigeria’s renewable power capacity to reach 1.7GW in 2035

    June 6, 2025
    Demo
    Facebook X (Twitter) Instagram
    • Opec Daily Basket
    • Oil
    • Power
    • Gas
    • Freight
    • Financing
    • Labour
    • Technology
    • Solid Mineral
    • Conferences/Seminars
    • Community Development
    • Nigerian Content Initiative
    • Niger-Delta Question
    • Insurance
    • Other News
    • Focus
    • Feedback
    • Hanging Out With Markson

    Subscribe for Updates

    Get the latest energy news from Sweetcrudereports.

    Please wait...
    Please enter all required fields Click to hide
    Correct invalid entries Click to hide
    © 2025 Sweetcrudereports.
    • About Us
    • Advertise with us
    • Privacy Policy

    Type above and press Enter to search. Press Esc to cancel.