Aliko Dangote has released details alleging that Engr. Farouk Ahmed, CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), spent $5 million on the education of his children abroad.
According to Dangote, the four 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.
He claimed that the total cost of their secondary education—including tuition, living expenses, travel, and related fees—amounted to approximately $5 million. Dangote further alleged that an additional $2 million was spent on their university education over a four-year period.
Dangote also provided figures for 2025, stating that one child’s Master of Business Administration programme at Harvard University reportedly cost $210,000, broken down as $150,000 for tuition and $60,000 for accommodation, travel, and other incidental expenses.
At the time of reporting, these claims have not been independently verified, and Engr. Farouk Ahmed has yet to publicly respond to the allegations.