Billionaire businessman, Femi Otedola, has dismissed reports alleging that he financed the Dangote Petroleum Refinery, describing the claims as false and misleading.
In a post shared on X on Monday, Otedola stated that he had no financial involvement in the refinery project, contrary to circulating social media narratives.
“Reports claiming that Femi Otedola funded the Dangote Petroleum Refinery are completely and utterly false. He has not invested a single kobo, not one dollar, not one naira
” The real story, which those peddling these lies conveniently ignore, is that Mr. Otedola has actually been requesting a special allocation to participate in the refinery’s forthcoming public offer,” he said.
Otedola further clarified that the President of the Dangote Group, Aliko Dangote, did not request financial support from him or other top businessmen.
“I can categorically state that at no point did Alhaji Dangote request for financing from Mr Elumelu, Mr Adenuga and myself. The Dangote Group is a well-structured organisation that is well vast in raising structured capital for its operations,” he added.
He described the claims as a deliberate attempt to sow discord within Nigeria’s business community.
“This is calculated mischief and a deliberate attempt to create rifts and sow discord within Nigeria’s closely knit and respected private sector leadership. These are men who have built businesses, created jobs, and invested in this nation for decades. They deserve better than to...
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