Billionaire businessman Femi Otedola has denied claims that he requested a special allocation from Aliko Dangote in the planned initial public offering (IPO) of the Dangote Refinery.
Otedola stated this in a social media post shared on his X account on Monday.
His response comes amid growing misinformation targeting Nigeria’s private sector leaders, including a viral claim alleging that Dangote sought financial assistance from business associates such as Tony Elumelu, Mike Adenuga, and Otedola to complete his refinery project.
Otedola described the report as a calculated mischief aimed at misleading the public and creating division among business leaders.
“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 wrote.
According to him, “This is calculated mischief and a deliberate attempt to create rifts and sow discord within Nigeria’s closely knit and respected private sector leadership… These are men who have built businesses, created jobs, and invested in this nation for decades.”
Otedola also warned against the spread of false narratives on social media, urging those responsible to desist while calling for greater responsibility in public discourse.
