Nigeria: Dangote Denies Rift With Tony Elumelu, Rejects Refinery Funding Claims

Otedola debunks rumours of funding Dangote Refinery

Billionaire Femi Otedola has publicly dismissed circulating claims that he financed the $20 billion Dangote Group’s petroleum refinery project

Nigeria: Dangote Denies Rift With Tony Elumelu, Rejects Refinery Funding Claims

Dangote Group has dismissed as false and malicious a publication alleging that its President, Aliko Dangote, distanced himself from Tony Elumelu and financed the Dangote Petroleum Refinery through personal borrowing from friends.

Dangote never requested funding from Elumelu, Adenuga, myself for refinery

“Reports claiming that Femi Otedola funded the Dangote Petroleum Refinery are completely and utterly false. He has not invested...

Femi Otedola denies funding Dangote refinery, calls reports false

Femi Otedola denies investing in the Aliko Dangote refinery, calling social media reports false and a deliberate attempt to sow discord in Nigeria’s busine Read More: https://punchng.com/femi-otedola-denies-funding-dangote-refinery-calls-reports-false/

Femi Otedola denies $300m Dangote refinery funding claim

Femi Otedola has flatly denied that he contributed $300 million toward the construction of the Dangote Petroleum Refinery, calling a viral social media claim to that effect "completely and utterly false" and describing it as "calculated mischief" deliberately designed to create friction among Nigeria's leading businessmen.Otedola posted his denial on X on Monday after a claim attributed to Aliko Dangote circulated widely online, alleging that in…

Truth check on recent Dangote Refinery allegation involving Elumelu, Rabiu, Otedola, Adenuga

Social media often turns single posts into national conversations within hours, especially when they touch powerful names, large sums of money, and major infrastructure projects that already carry public interest. A particular post that circulated widely on X in May 2026 pulled attention toward the Dangote Refinery and a story framed around alleged financial pressure during its construction phase. The narrative suggested that key figures in Afri…