The Dangote Group has officially dismissed rumors alleging a rift between its founder, Aliko Dangote, and Tony Elumelu, Chairman of United Bank for Africa (UBA). The company described the claims as entirely false and damaging.
Origin of the Allegations
The controversy began when a user on X, identified as Oghneminehhhhh, posted a viral claim. The post alleged that Dangote faced financial difficulties in 2021 during the construction of his refinery and sought assistance from prominent businessmen, including Femi Otedola, Abdulsamad Rabiu, and Mike Adenuga. It further claimed that Elumelu initially promised support but later stopped communicating, while others allegedly contributed substantial sums.
Dangote Group's Response
In a statement issued by Anthony Chiejina, the Group's spokesperson, the company categorically denied the allegations. It emphasized that Dangote never made such statements and does not rely on personal loans from friends to fund projects. The refinery project, the statement clarified, was not financed through informal borrowing.
“The group categorically rejects claims that the development of the Dangote Petroleum Refinery & Petrochemicals was financed through personal borrowing from friends,” the statement read.
Furthermore, the company dismissed any suggestion of a broken relationship between Dangote and Elumelu, affirming that both men maintain a long-standing and cordial relationship.
“Equally false are suggestions of any estrangement between Aliko Dangote and Mr Tony Elumelu, with whom he maintains a longstanding and cordial relationship,” the statement added.
Concerns Over Fake Content
The Dangote Group also expressed concern about the increasing spread of fake content, including materials created using artificial intelligence, that misuse Dangote's name and image. The company warned that such actions damage reputations and may involve fraud.
Finally, the company cautioned those responsible for creating and sharing false information to cease immediately, adding that it may pursue legal action against them.
