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11mo ago

Nigerian Lawmakers Investigate Rift Between Dangote and Petroleum Regulator

The probe focuses on allegations of contaminated fuel imports and regulatory disputes affecting Africa's largest refinery.

Aliko Dangote, Africa's wealthiest man, smiles during the opening ceremony of Africa's biggest oil refinery in Lagos, Nigeria, Monday, May 22, 2023. Nigerian legislators on Monday, July 22, 2024, began a probe into the allegations of the importation of contaminated fuel into the country, as part of moves to resolve wider issues causing a rift between an oil refinery owned by Dangote and the industry regulator. (AP Photo/Sunday Alamba, File)

Overview

  • Legislators are examining claims of contaminated fuel imports and licensing issues.
  • The Dangote refinery faces accusations of seeking a market monopoly and producing low-quality products.
  • Dangote denies the allegations and invites lawmakers to inspect the refinery's operations.
  • The refinery has struggled to secure crude oil supplies domestically due to corruption and oil theft.
  • The dispute could impact foreign investments and the stability of Nigeria's economy.