Billionaire Femi Otedola has dismissed reports suggesting that he financed the Dangote Petroleum Refinery, describing the allegation as completely false. Otedola, in a statement on Monday, clarified that those behind such a claim are spreading misinformation and attempting to create division among leading Nigerian business figures. His clarification came a……
Billionaire Femi Otedola has dismissed reports suggesting that he financed the Dangote Petroleum Refinery, describing the allegation as completely false.
Otedola, in a statement on Monday, clarified that those behind such a claim are spreading misinformation and attempting to create division among leading Nigerian business figures.
His clarification came a day after the Dangote Group addressed viral claims suggesting a financing rift between its president, Aliko Dangote, and fellow businessman Tony Elumelu.
He wrote, “Let’s set the record straight. Reports claiming that Femi Otedola funded the Dangote Petroleum Refinery are completely and utterly false. He has not invested a single kobo, not one dollar, not one naira.”
He added that, “The real story, which those peddling these lies conveniently ignore, is that Mr Otedola has actually been requesting a special allocation to participate in the refinery’s forthcoming public offer.”
Otedola further explained that Dangote did not request financial support from Elumelu, Dr. Mike Adenuga, or himself, a statement that aligns with a clarification issued by the Dangote Group’s Chief Branding and Communications Officer, Anthony Chiejina, and obtained by TVC News on Sunday.
The company also warned individuals, organisations, and platforms involved in creating, publishing, or disseminating such false content to desist immediately.
Otedola said, “I can categorically state that at no point did Alhaji Dangote request for financing from Mr Elumelu, Mr Adenuga and myself . The Dangote Group is a well-structured organisation that is well vast in raising structured capital for its operations.
“This is calculated mischief and a deliberate attempt to create rifts and sow discord within Nigeria’s closely knit and respected private sector leadership. These are men who have built businesses, created jobs, and invested in this nation for decades. They deserve better than to be used as props in a social media fabrication.”
“To those behind this: desist immediately.. And to everyone else, social media is not a tool for manufactured drama. Nigeria deserves truth, not lies dressed up as insider information,” Otedola warned.
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