Newscoven
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Parties Are Built, Not Bought

    Parties Are Built, Not Bought

    Yilwatda, Uzodinma Call For Unity Among APC Diaspora Members

    Yilwatda, Uzodinma Call For Unity Among APC Diaspora Members

    Get Your PVCs Before July 10 Deadline, Olatunji, Oyo ADP Governorship Candidate, Urges Residents

    Get Your PVCs Before July 10 Deadline, Olatunji, Oyo ADP Governorship Candidate, Urges Residents

    2027: APM Unveils Open Salawu As Deputy Governorship Candidate

    2027: APM Unveils Open Salawu As Deputy Governorship Candidate

    Tinubu Urges Stronger Northern Traditional Rulers Collaboration On Security, Development

    Tinubu Urges Stronger Northern Traditional Rulers Collaboration On Security, Development

    Remembering Gentleman Femi Esho, Two Years On

    Remembering Gentleman Femi Esho, Two Years On

    Oyo Govt, EU To Collaborate On Agriculture, Education

    Oyo Govt, EU To Collaborate On Agriculture, Education

  • Entertainment
    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

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    From Church Keys Too Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    From Church Keys To Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

  • About Us
  • Contact Us
  • More
    • Advertisement
    • Disclaimer
    • Privacy Policy
    • Terms of Use
Saturday, June 20, 2026
No Result
View All Result
  • Home
  • News
    • All
    • Analysis
    • Feature
    • Interviews
    • Politics
    • Science
    • World
    Parties Are Built, Not Bought

    Parties Are Built, Not Bought

    Yilwatda, Uzodinma Call For Unity Among APC Diaspora Members

    Yilwatda, Uzodinma Call For Unity Among APC Diaspora Members

    Get Your PVCs Before July 10 Deadline, Olatunji, Oyo ADP Governorship Candidate, Urges Residents

    Get Your PVCs Before July 10 Deadline, Olatunji, Oyo ADP Governorship Candidate, Urges Residents

    2027: APM Unveils Open Salawu As Deputy Governorship Candidate

    2027: APM Unveils Open Salawu As Deputy Governorship Candidate

    Tinubu Urges Stronger Northern Traditional Rulers Collaboration On Security, Development

    Tinubu Urges Stronger Northern Traditional Rulers Collaboration On Security, Development

    Remembering Gentleman Femi Esho, Two Years On

    Remembering Gentleman Femi Esho, Two Years On

    Oyo Govt, EU To Collaborate On Agriculture, Education

    Oyo Govt, EU To Collaborate On Agriculture, Education

  • Entertainment
    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

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Olukoya Builds Heritage Event Hall In Memory Of Music Aficionado, Femi Esho

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    Sanusi, Atlético Berja Board, Berja Mayor, Seal Strategic Partnership

    From Church Keys Too Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    From Church Keys To Global Stage, Pheelz Takes Over The Spotlight On CNN African Voices

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Fela Lives: Tinubu On Grammy Lifetime Achievement Award

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Ilaji Assumes Ownership Of Interlink •Takes Over Atlético Berja

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

    Oyo Govt Gives Illegal Occupants Of Obafemi Awolowo Stadium 14-Day Quit Notice

  • 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

NNPC, TotalEnergies Renew Agreement On Methane Emission Reduction

Shell Appoints First Nigerian, Elohor Aiboni, Executive Vice President, Country Chair Nigeria

NNPC, Security Agencies Deepen Collaboration Against Energy Infrastructure Vandalism

“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

NNPC, TotalEnergies Renew Agreement On Methane Emission Reduction

NNPC, TotalEnergies Renew Agreement On Methane Emission Reduction

by Newscoven
June 18, 2026
0
14

NNPC Limited, on Wednesday, renewed its agreement with TotalEnergies to accelerate methane emission reduction through advanced technology. This is to...

Shell Appoints First Nigerian, Elohor Aiboni, Executive Vice President, Country Chair Nigeria

Shell Appoints First Nigerian, Elohor Aiboni, Executive Vice President, Country Chair Nigeria

by Newscoven
June 18, 2026
0
41

Elohor Aiboni has been appointed as the Shell Executive Vice President and Country Chair Nigeria, taking over from Marno de...

NNPC, Security Agencies Deepen Collaboration Against Energy Infrastructure Vandalism

NNPC, Security Agencies Deepen Collaboration Against Energy Infrastructure Vandalism

by Newscoven
June 11, 2026
0
23

Nigerian National Petroleum Company Limited (NNPC Ltd.) has joined forces with some security agencies to fight against energy infrastructure vandalism....

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
  • Uncategorized
  • VOXPOPULI
  • Woman's Essence by Motunrayo Busari
  • World

Recent News

GSM, Oriyomi Hamzat And The Shape Of Things To Come

GSM, Oriyomi Hamzat And The Shape Of Things To Come

June 20, 2026
From Hope ’93 To Renewed Hope: Abiola And Tinubu In Historical Conversation

From Hope ’93 To Renewed Hope: Abiola And Tinubu In Historical Conversation

June 20, 2026
Parties Are Built, Not Bought

Parties Are Built, Not Bought

June 19, 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.