Skip to content
Spynews Media

Spynews Media

Your number one news and entertainment website

  • Latest News
  • Health
  • Religion
  • Editorial
  • Foreign News
  • Interview
  • Politics
  • Opinion
  • Science and Technology
  • Sports
  • Topical
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Home
  • Business
  • Obazee report: Tinubu shuns Dangote over $3.4bn collected from Emefiele without paying naira equivalent.
  • Business

Obazee report: Tinubu shuns Dangote over $3.4bn collected from Emefiele without paying naira equivalent.

Spynewsmedia November 6, 2023

Aliko Dangote

 

Agency report

For billionaire Aliko Dangote, these are not the best of times.

Recall that the President set up a team led by former FRCN boss, Jim Obazee to look into the books of CBN and other organizations.

The Obazee Committee was said to have submitted its interim report to the President some weeks ago and since then, things have not been the same with the head of the Dangote conglomerate.

Villa sources confirmed that he had attempted to see the President about two weeks ago but waited for seven hours and was only able to see the President for between ten to fifteen minutes.

The meeting did not yield the desired result.

Insiders revealed that Obazee findings indicted Dangote for collecting $3.4billion from Emefiele-led CBN and what he paid back was $1.9billion in Naira value leaving an outstanding $1.5billion which he didn’t pay the naira equivalent.

The President is said to have insisted that the $1.5billion must be paid back. Moreover President is said to be miffed that a Nigerian could collect so much money in hard currency and didn’t pay the Naira equivalent to the coffers of the government.

Since the first encounter did not yield any fruitful result, Dangote was said to have attempted to see the President again, but was not successful. Villa sources revealed that he waited in vain and as he couldn’t see him in the office, he tried to ambush him during the Friday prayers at the Villa mosque where the President had gone for prayers but could only exchange greetings with Tinubu and had to leave after all efforts failed.

According to our source, the President has really been avoiding him because of the implications of compromising the Obazee findings.

Confused and really disturbed, Dangote is said to have reached out to prominent Northern emirs to intercede on his behalf with the President so that he could be given a soft landing.

Dangote has never hidden his relationship with Emefiele while the latter presided over the CBN.

At a point during the official commissioning of his refinery in Lagos, he told everyone present, including the then President that the refinery would not be standing but for Emefiele’s support.

 

NAN

Tags: #CBN #Dangote #ObazeeReport

Post navigation

Previous Obazee report: Tinubu shuns Dangote over $3.4bn collected from Emefiele without paying naira equivalent.
Next FG assures PH and Warri refineries will be functional next month

Related Stories

DEMSMEDA CEO, Adolor appointed to serve as Coordinator of Made in Nigeria Project
  • Business

DEMSMEDA CEO, Adolor appointed to serve as Coordinator of Made in Nigeria Project

May 14, 2026
Delta is safe and blessed with investment potentials, Oborevwori tells EU Ambassador
  • Business

Delta is safe and blessed with investment potentials, Oborevwori tells EU Ambassador

April 23, 2026
Trump’s 5D Chess Move Against Iran & the City of London
  • Business
  • Oil and Gas

Trump’s 5D Chess Move Against Iran & the City of London

April 14, 2026

Connect with Us

  • Facebook
  • Twitter
  • WhatsApp

You may have missed

Kwara bandits attack: 3 wives, 4 children, of Emir of Yashikira abducted
  • Crime

Kwara bandits attack: 3 wives, 4 children, of Emir of Yashikira abducted

May 26, 2026
As CJ you left enduring legacy in Delta judiciary, Oborevwori commends Jstc Marshal Mukoro on 70th birthday anniversary
  • Entertainment

As CJ you left enduring legacy in Delta judiciary, Oborevwori commends Jstc Marshal Mukoro on 70th birthday anniversary

May 24, 2026
Presidential primaries: Oborevwori makes case for Tinubu, visits Emerhor
  • Politics

Presidential primaries: Oborevwori makes case for Tinubu, visits Emerhor

May 22, 2026
Police arrest abductor of 3 yr old victim of kidnapping in Ughelli
  • Crime/Police news

Police arrest abductor of 3 yr old victim of kidnapping in Ughelli

May 21, 2026
  • About Us
  • Contact Us
  • Privacy Policy
  • Disclaimer
  • Facebook
  • Twitter
  • WhatsApp
Copyright © All rights reserved. | DarkNews by AF themes.