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The Dangote Group has dismissed a publication alleging that its President, Aliko Dangote, distanced himself from business leader Tony Elumelu, describing the report as “false, malicious and entirely baseless.”
In a statement issued by its Group Chief Branding and Communications Officer, Anthony Chiejina, the company said neither Dangote nor the Group made the claims attributed to them, insisting that the report misrepresents both personal and corporate positions.
The Group also rejected suggestions that the Dangote Petroleum Refinery was financed through personal borrowing from friends, describing the claim as inaccurate and deliberately misleading.
“As a matter of principle, Aliko Dangote neither finances his projects through personal borrowing from friends nor engages in lending arrangements of that nature,” the statement said, adding that any such assertions must be backed by verifiable evidence.
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It further clarified that there is no rift between Dangote and Elumelu, stressing that both men maintain a longstanding cordial relationship built on mutual respect within Nigeria’s business community.
The company also raised concerns over what it described as a rising trend of fabricated statements and the unauthorised use of Dangote’s name, image, and likeness in AI-generated advertisements and other misleading content, warning that such practices pose serious reputational risks and could amount to fraud.
Dangote Group cautioned individuals and platforms involved in spreading false information to desist immediately, adding that it would not hesitate to pursue legal action where necessary to protect its reputation and that of its leadership.
Reaffirming its corporate stance, the Group said it remains committed to the highest standards of integrity while continuing to pursue its broader mission of driving industrialisation, economic self-sufficiency, and sustainable development across Africa.
