The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has invited billionaire industrialist Aliko Dangote to provide further details on his petition against Farouk Ahmed, the immediate past Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Officials said Dangote is expected to appear before the commission on Monday or be represented by his lawyer, Ogwu Onoja (SAN), as the investigation formally begins.
The anti-graft agency has set up a special panel of senior investigators to handle the petition. Sources said ICPC Chairman Dr. Musa Adamu Aliyu (SAN) approved the panel on Friday, signaling the seriousness of the case.
Investigators have asked Dangote to submit documents and other materials to support the allegations outlined in his petition.
ICPC Proceeds Despite Resignation
Dangote accused the former NMDPRA chief of corruption and misuse of public funds. He alleged that Ahmed spent over $7 million on the education of his four children at elite schools in Switzerland.
The petition also accused Ahmed of economic sabotage. Dangote claimed the former regulator undermined local refining by colluding with foreign oil traders and fuel importers through the continued issuance of petroleum import licences.
Ahmed has since resigned his position. However, ICPC officials said the resignation would not stop the probe.
“All preparations for the investigation are complete,” a senior ICPC source said. “This case affects the public interest, and the commission will proceed regardless of resignation.”
The source explained that Dangote or his legal team must formally adopt the petition before investigators can move forward.
“He who makes allegations must provide evidence or credible leads,” the source said. “Once the petition is adopted, we will isolate the issues and invite Ahmed to respond.”
ICPC confirmed that it acknowledged receipt of the petition within 48 hours, in line with its internal guidelines. The commission also assured that it would conduct the investigation fairly and without bias.
Officials noted that the probe falls under the Corrupt Practices and Other Related Offences Act. The law criminalises the use of public office to gain an unfair advantage for oneself or associates. Conviction attracts up to five years in prison without the option of a fine.
The commission said it remains committed to due process as the investigation unfolds.