Africa’s leading businessman, Alhaji Aliko Dangote, has formally withdrawn the petition he filed with the Independent Corrupt Practices and Other Related Offences Commission (ICPC) against Farouk Ahmed, the immediate past CEO of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
Dangote had accused Ahmed of corruption and alleged financial impropriety, including claims that he spent more than $7 million on the overseas education of his children without lawful income justification.
The withdrawal, communicated in a letter dated January 5, 2026 from Dangote’s legal counsel, noted that another law enforcement agency has taken over the matter.
Despite this, the ICPC stated it will continue its investigation under its statutory mandate, saying the probe is in the public interest and already underway.