Billionaire businessman, Femi Otedola, has dismissed claims that he financed the Dangote Petroleum Refinery, describing the reports as false and misleading.
In a post shared on X on Monday, Otedola said he did not invest in the refinery project, contrary to circulating social media claims.
“Reports claiming that Femi Otedola funded the Dangote Petroleum Refinery are completely and utterly false. He has not invested a single kobo, not one dollar, not one naira
” The real story, which those peddling these lies conveniently ignore, is that Mr. Otedola has actually been requesting a special allocation to participate in the refinery’s forthcoming public offer,” he said.
Otedola further clarified that the President of the Dangote Group, Aliko Dangote, did not seek financial support from him or other prominent businessmen.
“I can categorically state that at no point did Alhaji Dangote request for financing from Mr Elumelu, Mr Adenuga and myself. The Dangote Group is a well-structured organisation that is well vast in raising structured capital for its operations,” he added.
Otedola described the circulating claims as a deliberate attempt to create division within Nigeria’s business community.
