Femi Otedola Debunks Social Media Report, Denies Funding Dangote
By Trek Africa Newspaper
Billionaire businessman and Chairman of First Bank Holding, Femi Otedola, has denied reports claiming he helped fund his friend Aliko Dangote’s petroleum refinery.
In a statement shared on his X handle (formerly Twitter) on Monday, Otedola clarified that he has not invested a single naira or dollar in the Dangote Refinery.
He wrote; “Let’s set the record straight: Reports claiming that Femi Otedola funded the Dangote Petroleum Refinery are completely and utterly false. He has not invested a single kobo, not one dollar, not one naira.”
“The real story, which those peddling these lies conveniently ignore, is that Mr. Otedola has actually been requesting a special allocation to participate in the refinery’s forthcoming public offer.”
“I can categorically state that at no point did Alhaji Dangote request financing from Mr. Elumelu, Mr. Adenuga, and myself.”
“To those behind this: desist immediately… And to everyone else, social media is not a tool for manufactured drama. Nigeria deserves truth, not lies dressed up as insider information.”
