Dangote Releases List Detailing How Farouk Ahmed Spent $5 Million On Children’s Education Abroad

Business mogul Aliko Dangote has alleged that Engr. Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), spent millions of dollars on the foreign education of his four children.

According to Dangote, the children reportedly attended prestigious secondary schools in Switzerland for about six years each, including Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School.

Dangote claimed that the total cost of their secondary education—including tuition, living expenses, travel, and related costs—exceeded $5 million. He further alleged that an additional $2 million was spent on their university education over a four-year period.

For 2025, Dangote cited that approximately $210,000 was spent on one child’s Master of Business Administration programme at Harvard University, with $150,000 covering tuition and $60,000 for accommodation, travel, and other incidental expenses.

These claims have not been independently verified, and Engr. Farouk Ahmed has yet to publicly respond to the allegations.