The chairman of the Dangote Group, Aliko Dangote, has claimed that Farouk Ahmed, chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), spent about $5 million on the secondary school education of his children in Switzerland.
In a paid newspaper advertisement published on Tuesday, Dangote stated that the amount covered the education of four of Ahmed’s children over a six-year period.
On Monday, Dangote had alleged that Ahmed Farouk “paid $5 million” to a Swiss secondary school for his children’s education, describing the expenditure as “economic sabotage and corruption.”
In the newspaper advert, Dangote named the children as Faisal Farouk, Farouk Jr., Ashraf Farouk, and Farhana Farouk.
He added that the secondary schools attended by the children for six years included Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School.
Dangote also provided estimated annual tuition, living expenses, air travel, and upkeep, calculating the total costs for four children over multiple years.
According to him, the annual cost of tuition, airfare, and upkeep per child was $200,000, totaling $800,000 per year for all four children.
He further explained that total living expenses and air tickets per child over six years amounted to $1.2 million, bringing the total for all four children to $4.8 million.
Overall, Dangote estimated that tuition and upkeep for all four children reached approximately $5 million.
He also highlighted tertiary education costs, stating that tuition, upkeep, airfare, and other expenses average about $125,000 per year over four years, amounting to $500,000 per child, or $2 million in total.
“Faisal just finished 2025 Harvard MBA at $150,000 and $60,000 for upkeep, tickets and other incidentals. Total =$210,000 spent in 2025 for Faisal’s MBA,” he added.
Dangote questioned the source of funds used by a public officer for such expenses, emphasizing that many parents in Ahmed’s home state of Sokoto cannot afford even N10,000 school fees for their children and wards.