Lagos, Nigeria – January 7, 2024: Dangote Group has addressed concerns from stakeholders following a visit by officials from the Economic and Financial Crimes Commission (EFCC) to its Lagos Head office. The management assured its readiness to assist the EFCC in its ongoing investigations.
In a statement, Dangote Group revealed that it received a letter from the EFCC on December 6, 2023, seeking details of all foreign exchange allocations from the Central Bank of Nigeria between 2014 and the present. The company clarified that this request was not unique to Dangote Group, as similar letters were sent to 51 other corporate entities.
Dangote Group responded by acknowledging the receipt of the letter and sought clarification on the specific subsidiaries or companies within the group that the EFCC required information on. Additionally, the company requested more time to compile and present the extensive documentation spanning a decade.
The statement noted that the EFCC did not provide the sought clarification and insisted on receiving the complete set of documents within the initially specified timeframe. Despite this constraint, Dangote Group assured the EFCC of its commitment to providing the necessary information and pledged to share documents in batches as the compilation progressed.
On January 4, 2024, Dangote Group delivered the first batch of documents to the EFCC. However, the EFCC officers did not accept the documents, insisting on visiting the company’s offices to collect the same set directly. During this visit, the officials did not take any documents or files from Dangote’s Head office, as these were already in their possession.
The conglomerate emphasized that, to its knowledge, no accusations of wrongdoing have been made against any company within the group. The company reaffirmed its commitment to cooperating with the EFCC’s ongoing investigation and highlighted its role as a law-abiding corporate citizen.
Dangote Group, a significant contributor to Nigeria’s GDP, one of the largest private-sector employers, and a key player on the Nigerian Exchange, expressed confidence in Nigeria’s commitment to the rule of law and creating an investment-friendly environment.
As the company actively works to compile and submit the remaining documents, it called for the understanding and patience of stakeholders, promising to keep them informed of any further developments in the matter.
