Newscoven
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Alli Unveils ‘My Pact’ Manifesto •Promises ₦10bn Youth Fund, ₦150bn IGR

    Alli Unveils ‘My Pact’ Manifesto •Promises ₦10bn Youth Fund, ₦150bn IGR

    2027: Yilwatda Tasks Cross River Residents On More Votes For Tinubu

    2027: Yilwatda Tasks Cross River Residents On More Votes For Tinubu

    Oyo Pensioners: "No Going Back To Egypt" •Adekanmbi Vows To Sustain Makinde's Feat

    Oyo Pensioners: “No Going Back To Egypt” •Adekanmbi Vows To Sustain Makinde’s Feat

    Oyo AHEAD Manifesto Lacks Originality, Reveals Vision Deficit -APM

    Oyo AHEAD Manifesto Lacks Originality, Reveals Vision Deficit -APM

    Alli Unveils ‘Oyo AHEAD’ Manifesto Today 

    Alli Unveils ‘Oyo AHEAD’ Manifesto Today

    Adekanmbi Unveils Manifesto Website •Puts Governance Plans Up For Public Scrutiny

    Adekanmbi Unveils Manifesto Website •Puts Governance Plans Up For Public Scrutiny

    Olatunji Unveils Agenda Ahead 2027 Elections

    Olatunji Unveils Agenda Ahead 2027 Elections

  • Entertainment
    Adamu Becomes CAF General Secretary After Months Of Acting

    Adamu Becomes CAF General Secretary After Months Of Acting

    Broda Shaggi: I Feared Fans May Forget Me After Stray Bullet Ordeal

    Broda Shaggi: I Feared Fans May Forget Me After Stray Bullet Ordeal

    Yemi Alade: Why I Let Fans Name My New Album

    Yemi Alade: Why I Let Fans Name My New Album

    3SC Gets 32-Seater, 18-Seater Buses From Makinde

    3SC Gets 32-Seater, 18-Seater Buses From Makinde

    Film Review: Akinwale, Odule Locked In A Web Of Tragic Conundrums In Olowo Ana

    Film Review: Akinwale, Odule Locked In A Web Of Tragic Conundrums In Olowo Ana

    EMHF Heritage Event Hall Open To Public

    EMHF Heritage Event Hall Opens To Public

    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
Thursday, November 5, 2026
No Result
View All Result
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Alli Unveils ‘My Pact’ Manifesto •Promises ₦10bn Youth Fund, ₦150bn IGR

    Alli Unveils ‘My Pact’ Manifesto •Promises ₦10bn Youth Fund, ₦150bn IGR

    2027: Yilwatda Tasks Cross River Residents On More Votes For Tinubu

    2027: Yilwatda Tasks Cross River Residents On More Votes For Tinubu

    Oyo Pensioners: "No Going Back To Egypt" •Adekanmbi Vows To Sustain Makinde's Feat

    Oyo Pensioners: “No Going Back To Egypt” •Adekanmbi Vows To Sustain Makinde’s Feat

    Oyo AHEAD Manifesto Lacks Originality, Reveals Vision Deficit -APM

    Oyo AHEAD Manifesto Lacks Originality, Reveals Vision Deficit -APM

    Alli Unveils ‘Oyo AHEAD’ Manifesto Today 

    Alli Unveils ‘Oyo AHEAD’ Manifesto Today

    Adekanmbi Unveils Manifesto Website •Puts Governance Plans Up For Public Scrutiny

    Adekanmbi Unveils Manifesto Website •Puts Governance Plans Up For Public Scrutiny

    Olatunji Unveils Agenda Ahead 2027 Elections

    Olatunji Unveils Agenda Ahead 2027 Elections

  • Entertainment
    Adamu Becomes CAF General Secretary After Months Of Acting

    Adamu Becomes CAF General Secretary After Months Of Acting

    Broda Shaggi: I Feared Fans May Forget Me After Stray Bullet Ordeal

    Broda Shaggi: I Feared Fans May Forget Me After Stray Bullet Ordeal

    Yemi Alade: Why I Let Fans Name My New Album

    Yemi Alade: Why I Let Fans Name My New Album

    3SC Gets 32-Seater, 18-Seater Buses From Makinde

    3SC Gets 32-Seater, 18-Seater Buses From Makinde

    Film Review: Akinwale, Odule Locked In A Web Of Tragic Conundrums In Olowo Ana

    Film Review: Akinwale, Odule Locked In A Web Of Tragic Conundrums In Olowo Ana

    EMHF Heritage Event Hall Open To Public

    EMHF Heritage Event Hall Opens To Public

    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

    Historic Send-Forth For Professor YK Ajao As Iseyin Honours Its Musical Pride

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
No Result
View All Result
Newscoven
No Result
View All Result
Home Business

Dangote Group Dismisses False Claims On Refinery Financing, ‘Rift’ With Elumelu

by Newscoven
May 4, 2026
in Business
Reading Time: 2 mins read
1 0
A A
0
Dangote Group Dismisses False Claims On Refinery Financing, ‘Rift’ With Elumelu

Dangote Group

1
SHARES
16
VIEWS
Share on WhatsappShare on FacebookShare on Twitter

Dangote Group has described as false and malicious a publication alleging that its President, Aliko Dangote, distanced himself from Tony Elumelu, because of a rift between the two.

The Group described the publication, titled “Aliko Dangote Speaks Out on Why He Distanced Himself from Tony Elumelu,” as false, malicious, and baseless.

The Group, in a statement issued on Monday by its Group Chief Branding and Communications Officer, Anthony Chiejina, described the report as entirely baseless.

It stated that neither Dangote, nor the Group made the claims attributed to them, stressing that the publication misrepresented both personal and corporate positions.

RelatedPosts

Ibadan Startup Fest 2026 Targets Job Creation In Emerging Markets

Tinubu’s Prosperity Theatre: Billions Borrowed, ₦70,000 Relief, Bigger Hardship

Keeping Oyo Sugar Dream Alive: The Makinde Factor

“At no time did the President or the Group make such statements or express such sentiments,” it was asserted in the statement.

The Group also rejected assertions that the Dangote Petroleum Refinery was financed through personal borrowing from friends, describing the claims as inaccurate and a deliberate misrepresentation of facts.

It categorically rejected claims that the development of the Dangote Petroleum Refinery & Petrochemicals was financed through personal borrowing from friends.

“These assertions are wholly inaccurate and constitute a deliberate misrepresentation of facts. Any individual making such claims should provide verifiable evidence to substantiate them.

“As a matter of principle, Aliko Dangote neither finances his projects through personal borrowing from friends nor engages in lending arrangements of that nature,” it was stated in the statement.

Asserting that any such claims must be supported by verifiable evidence,

Dangote Group further clarified that there is no rift between Dangote and Elumelu, noting that both business leaders maintain a longstanding and cordial relationship.

“Equally false are suggestions of any estrangement between Aliko Dangote and Mr Tony Elumelu, with whom he maintains a longstanding and cordial relationship,” Dangote Group stated in the statement.

The company also raised concern over a growing pattern of fabricated statements and the unauthorised use of Dangote’s name, likeness and image in AI generated advertisements and other misleading content

It warned that such actions pose reputational risks and may constitute fraud and cautioned individuals and platforms involved in the creation and dissemination of false information to desist immediately.

The Group declared that it would pursue appropriate legal action, where necessary, to protect its reputation and that of its leadership.

“These actions amount to reputational harm and potential fraud. All individuals, organisations, and platforms involved in the creation, publication, or dissemination of such false content are hereby put on notice to desist immediately.

“The Group will take appropriate steps, including legal action where necessary, to protect its reputation and that of its leadership,” it was added.

Dangote Group reaffirmed its commitment to the highest standards of integrity, while continuing to drive industrialisation, economic self-sufficiency, and sustainable development across Africa.

Tags: Aliko DangoteDangote GroupFalse and Malicious PublicationRefinery FinancingRiftTony Elumelu
SendShareTweet

Related Posts

Ibadan Startup Fest 2026 Targets Job Creation In Emerging Markets

Ibadan Startup Fest 2026 Targets Job Creation In Emerging Markets

by Newscoven
November 4, 2026
0
2

Organisers of the Ibadan Startup Fest (ISF) have announced plans to leverage the fourth edition of the annual conference to...

Tinubu's Prosperity Theatre: Billions Borrowed, ₦70,000 Relief, Bigger Hardship

Tinubu’s Prosperity Theatre: Billions Borrowed, ₦70,000 Relief, Bigger Hardship

by Newscoven
November 3, 2026
0
11

"If this is what prosperity looks like, Nigerians may reasonably wonder what economic hardship would look like under a different...

Keeping Oyo Sugar Dream Alive: The Makinde Factor

Keeping Oyo Sugar Dream Alive: The Makinde Factor

by Newscoven
October 30, 2026
0
8

"Today, Oyo Sugar and Derivatives Industries Limited stands on the threshold of commercial operations. Yet, its significance goes far beyond...

ICT | Science | Technology

NCC Lauds Globacom On Customer Service Milestones

NCC Lauds Globacom On Customer Service Milestones

October 13, 2026
5
FG Targets 90,000 Kilometres Fibre Across 36 States by 2028 -Yilwatda

FG Targets 90,000 Kilometres Fibre Across 36 States by 2028 -Yilwatda

October 10, 2026
12
GOCOP Trains Online Publishers On AI, SEO, Monetisation As Ad Revenue Model Weakens

GOCOP Trains Online Publishers On AI, SEO, Monetisation As Ad Revenue Model Weakens

October 8, 2026
23
NCC, ALTON Roll Out Free Daily Data For Learners

NCC, ALTON Roll Out Free Daily Data For Learners

October 1, 2026
9
NCC Trains 100 PWDs On Digital Skills In Lagos

NCC Trains 100 PWDs On Digital Skills In Lagos

September 19, 2026
14
Prev Next

Health

Why Nursing Education Should Not Be Undermined -Makinde

Why Nursing Education Should Not Be Undermined -Makinde

September 13, 2024
63

Sanusi Takes Free Medical Outreach To Eruwa, Surulere, Iseyin Residents

October 7, 2024
16

Oyo Govt Commences House-to-House Waste Bin Enforcement

September 2, 2026
35

The Silent Pandemic: When The Drugs Stop Working

June 7, 2026
24

JDS Free Medical Outreach Reaches Akinyele/Lagelu Federal Constituency

November 20, 2024
19

7 Odd Things That Happen To Your Body When It’s Cold Outside

January 25, 2024
7
Prev Next
Newscoven

NewsCoven.com is an independent and unbiased online news medium determined to take a holistic approach to reportage of events, covering all spheres of human activities, with refreshed zeal and vigour.

Contact: +234-805-732-0978

Categories

  • Achievers | Appointments
  • Agriculture
  • Analysis
  • Arts | Book Review
  • Banking & Finance
  • Business
  • Church
  • Crime | Court | Judiciary | Security
  • Culture | Religion
  • Editorial | Discourse | Opinion
  • Education
  • Energy | Oil & Gas
  • Entertainment | Sports
  • Environment | Community | Eye Report | Metro
  • Feature
  • Health
  • Health Law & Human Dignity
  • Hotels | Travels | Tourism
  • ICT | Science | Technology
  • In The Eyes of the News
  • Interviews
  • Islam
  • Kaleidoscope With Anike
  • News
  • Peoples | Events
  • Politics
  • Reflections With Dapo Falade
  • Science
  • The Book Cast
  • The Ethics Pulse
  • Uncategorized
  • VOXPOPULI
  • Woman's Essence by Motunrayo Busari
  • World

Recent News

Alli Unveils ‘My Pact’ Manifesto •Promises ₦10bn Youth Fund, ₦150bn IGR

Alli Unveils ‘My Pact’ Manifesto •Promises ₦10bn Youth Fund, ₦150bn IGR

November 4, 2026
2027: Yilwatda Tasks Cross River Residents On More Votes For Tinubu

2027: Yilwatda Tasks Cross River Residents On More Votes For Tinubu

November 4, 2026
Oyo Pensioners: "No Going Back To Egypt" •Adekanmbi Vows To Sustain Makinde's Feat

Oyo Pensioners: “No Going Back To Egypt” •Adekanmbi Vows To Sustain Makinde’s Feat

November 4, 2026

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • About Us
  • Advertisement
  • Breaking News | Latest Nigerian News Today
  • Checkout
  • Contact Us
  • Disclaimer
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms of Use

© 2024 NewsCoven - Beyond the Surface by DF Global Resources Enterprises.