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    NDPC Investigates TEMU Alleged Violation of Data Protection Act

    NDPC Investigates TEMU Alleged Violation of Data Protection Act

    Betterment Moves Beyond Robo-Advising With Human Financial Planners

    A Digital Media Startup Growing Up With Millennial Women

    Bill Gates’ iconic donkey game arrives on iPhone, Apple Watch

    Indonesia’s Largest Fleet Of Taxis Teams Up To Beat Ride-hailing Apps

    Trump Didn’t Record Comey, White House Tells House Intel Panel

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    Taiwo  ‘ESHEPO’ Agbaje Crowned New African Boxing Champion

    Taiwo ‘ESHEPO’ Agbaje Crowned New African Boxing Champion

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    Team Integrity are Champions of 14th NNPC Sports Fiesta

    Venus and Serena Williams Launch Williams Family Excellence Program

    Venus and Serena Williams Launch Williams Family Excellence Program

    4th Edition of CDS Unity Basketball Championship Holds in Lagos at two Centres Later this Month

    4th Edition of CDS Unity Basketball Championship Holds in Lagos at two Centres Later this Month

    FIBA BASKETBALL: USA ARE THE WORLD CHAMPIONS FOR THE 11th TIME

    FIBA BASKETBALL: USA ARE THE WORLD CHAMPIONS FOR THE 11th TIME

    LAGOS STRATEGIC MARKET FOR GLOBAL BRANDS, SAYS SANWO – OLU

    LAGOS STRATEGIC MARKET FOR GLOBAL BRANDS, SAYS SANWO – OLU

    Arsenal in a Dramatic Comeback Stunned Holders Barcelona to Lift First UEFA Women’s Champions League title in 18 years

    Arsenal in a Dramatic Comeback Stunned Holders Barcelona to Lift First UEFA Women’s Champions League title in 18 years

    FIFA Expands Women’s World Cup to 48 Teams from 2031 Edition of the Tournament in USA

    FIFA Expands Women’s World Cup to 48 Teams from 2031 Edition of the Tournament in USA

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    Dangote Calls for Urgent Government and Private Sector Action to Eliminate Malaria

    Dangote Calls for Urgent Government and Private Sector Action to Eliminate Malaria

    Agoro Flags – Off Medical Screening  Exercise for Public Servants in Lagos

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    Dangote, Pope Leo XIV, Trump, XI Jumping, Other Named in TIME 100 Most Influential People for 2026

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    Sanwo – Olu – Alausa Multi – Agency Building Now at Completion Stage, To be Opened by President

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    Lagos NUJ Annual Ramadan Lecture Holds this Tuesday in Alausa, Ikeja

    Lagos NUJ Annual Ramadan Lecture Holds this Tuesday in Alausa, Ikeja

    Holiday Alert:  US Embassy in Abuja and Lagos Closes on Monday to Observe President’s Day

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    FCCPC Named Government Agency of the Year 2025 at Leadership Conference in Abuja

    FCCPC Named Government Agency of the Year 2025 at Leadership Conference in Abuja

    Lagos Assembly Suspends Makoko Demolition

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Dangote Group Slams False News Claims on Refinery Financing ‘Rift’ with Elumelu

by OMOKAYODE MUSE
May 3, 2026
in Economy, Uncategorized
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Dangote Group Slams False News Claims on Refinery Financing ‘Rift’ with Elumelu
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Dangote Group has dismissed as false and malicious a publication alleging that its President, Aliko Dangote, distance himself from Tony Elumelu, describing the report as entirety baseless.

In a statement issued by its Group Chief Branding and Communications Officer, Anthony Chiejina, the company said neither Dangote nor its Group made the claims attributed to them, stressing that the publication misrepresents both personal and corporate positions.

The Group also rejected assertions that the Dangote Petroleum Refinery was financed through personal borrowing from friends, describing the claims as inaccurate and deliberate misrepresentation of facts.

“As a matter of principle, Aliko Dangote neither finances his projects through personal borrowing from friends nor engages in lending arrangements of that nature,” the statement said, adding that any such claims must be supported by verifiable evidence.

Dangote Group further clarified that there is no rift between Dangote and Elumelu, noting that both business leaders maintain long standing and cordial relationship.

The company also raised concern over a growing pattern of fabricated statements and unauthorized use of Dangote’s name, likeness and image in AI generated advertisements and other misleading context, warning that such actions pose reputational risks and may constitute fraud.

It cautioned individuals and platforms involved in the creation and dissemination of false information to desist immediately, adding that it would pursue legal action where necessary to protect it reputation and that of its leadership.

Dangote Group reaffirms its commitment to the highest standards of integrity while continuing to drive Industrialisation, economic self sufficiency, and sustainable development across Africa.

OMOKAYODE MUSE

OMOKAYODE MUSE

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