A businessman, Femi Otedola, has dismissed claims that he financed the Dangote Petroleum Refinery, describing the reports as false and misleading.
Otedola, shared the debunker via his X handle this Monday, saying that he did not invest in the refinery project, contrary to circulating social media claims. He clarified that the President of the Dangote Group, Aliko Dangote, did not seek financial support from him or other prominent businessmen.
He also described the circulating claims as a deliberate attempt to create division within Nigeria’s business community and warned those behind the reports to desist, stressing the need for responsible use of social media.
The company has also dismissed claims that the refinery was funded through informal personal loans, insisting that its financing structure followed standard corporate processes.