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Posted By Admin On May 4th, 2026

The Dangote Group has denied reports making the rounds that its president, Aliko Dangote, has a purported rift with the Chairman of the United Bank for Africa, Tony Elumelu.

In a statement on Saturday, the spokesperson of the Dangote Group, Anthony Chiejina, dismissed the claim as false.

The firm also rejected allegations that the Dangote Petroleum Refinery & Petrochemicals was financed through personal borrowing from friends.

The Dangote Group warned individuals peddling such falsehoods to desist or face appropriate legal action.

“The Dangote Group has become aware of a publication titled ‘Aliko Dangote Speaks Out on Why He Distanced Himself from Tony Elumelu,’ which is false, malicious, and baseless. At no time did the president or the Group make such statements or express such sentiments.

“The Group categorically rejects claims that the development of the Dangote Petroleum Refinery & Petrochemicals was financed through personal borrowing from friends. These assertions are wholly inaccurate and constitute a deliberate misrepresentation of facts. As a matter of principle, Aliko Dangote neither finances his projects through personal borrowing from friends nor engages in lending arrangements of that nature. Any individual making such claims should provide verifiable evidence to substantiate them.

“Equally false are suggestions of any estrangement between Aliko Dangote and Mr. Tony Elumelu, with whom he maintains a longstanding and cordial relationship.

“Furthermore, the Group notes with concern a rising pattern of fabricated statements and the unauthorized use of Aliko Dangote’s name, likeness, and image in AI-generated advertisements and other misleading content. These actions amount to reputational harm and potential fraud.

“All individuals, organizations, and platforms involved in the creation, publication, or dissemination of such false content are hereby put on notice to desist immediately. The Group will take appropriate steps, including legal action where necessary, to protect its reputation and that of its leadership.

“Dangote Group remains committed to upholding the highest standards of integrity while continuing to drive industrialization, economic self-sufficiency, and sustainable development across Africa,” the Dangote Group stated.

Source: https://dailypost.ng/2026/05/02/its-false-dangote-opens-up-on-alleged-rift-with-tony-elumelu/