Oluwatosin Ogunjuyigbe
Independent Corrupt Practices and Other Related Offences Commission said on Wednesday that Aliko Dangote has withdrawn his petition against Ahmed Farouk, the former head of Nigeria’s downstream petroleum regulator, even as investigations into the allegations continue.
Dangote, chairman of the Dangote Group, submitted the petition to the ICPC in December 2025 through his lawyer, Ogwu Onoja, accusing Farouk of corruption and financial impropriety. The petition called for Farouk’s arrest, investigation and prosecution.
In the filing, Dangote alleged that Farouk lived beyond his means as a public official, claiming he spent more than $7 million on the education of his four children in Switzerland over six years without lawful income to support such expenses.
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ICPC spokesperson Okor Odey said the withdrawal was communicated in a letter from Dangote’s lawyer. He added that the petition was withdrawn in full and that another law enforcement agency had taken over the case.
However, Odey said the ICPC would proceed with its own investigation despite the withdrawal.
“The petitioner has withdrawn the petition dated 16 December 2025… in its entirety,” the statement said. “Nevertheless, in line with sections 3(14) and 27(3) of the ICPC Act, investigations have already commenced and are ongoing.”
He said the commission would continue its inquiry in the interest of transparency, accountability and the fight against corruption.
Farouk resigned as chief executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority less than 24 hours after the petition was submitted, following a meeting with President Bola Tinubu.
Oluwatosin Ogunjuyigbe
Oluwatosin Ogunjuyigbe is a writer and journalist who covers business, finance, technology, and the changing forces shaping Nigeria’s economy. He focuses on turning complex ideas into clear, compelling stories.
Source: Businessday.ng | Read the Full Story…
