A document has emerged online showing details of money spent by chief executive officer of the Nigerian Midstream and Downstream Petroleum Regulatory, Farouk Ahmed on his four children in foreign institutions.
Recall that Aliko Dangote, president of Dangote Refinery and chairman of Dangote Group, had alleged that the NMDPRA boss spent $5million on his children’s education abroad accusing him of living above his income.
In a document circulating publicly on Tuesday and personally signed by Dangote, the billionaire investor, it was stressed that Ahmed spent $5 million on the secondary and tertiary education of his four children abroad, particularly in Switzerland and the United States.
According to the now viral document, Dangote alleged that Ahmed’s children are said to have attended some of the world’s most expensive schools, including Montreux School, Aiglon College, Institut Le Rosey, and La Garenne International School, each reportedly spending about six years at their respective institutions.
The breakdown provided in the document estimates annual tuition, upkeep, air travel, and living expenses at about $200,000 per child, amounting to $800,000 annually for four children. Accordingly, over a six-year period, the total cost was estimated at $4.8 million, with the overall secondary education expenses put at approximately $5 million.
Dangote’s document further alleged that one of Ahmed’s children, identified as Faisal Farouk, recently completed an MBA program at Harvard University, with tuition reportedly costing $150,000, alongside an additional $60,000 for upkeep and other expenses, bringing the total to about $210,000 in 2025.
The House Committee on Petroleum Resources and Downstream had earlier summoned both parties urging them to cease further public attacks.
