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BREAKING: Petition against Billionaire Dangote reveals how he siphoned $3.4 billion through CBN to abroad claiming to fund companies that are non-existent

The petition accused Dangote of grossly violating the Forex Guidelines of the CBN for years.

President Bola Ahmed Tinubu has received a petition against Africa’s richest man, Alhaji Aliko Dangote over $3.4 billion allegedly siphoned through the Central Bank of Nigeria.

The petition exclusively obtained by POLITICS NIGERIA was attached to a letter addressed to President Tinubu and filed by Ahmed Fahad, a social justice advocate.
It was dated August 18, 2023, and titled ‘Petition To President Tinubu Against Dangote’ and copied to Jim Obazee, who was recently appointed by the President as a special investigator to probe the Central Bank of Nigeria and related entities.
The petition accused Dangote of grossly violating the Forex Guidelines of the CBN for years.
It alleged that the suspended CBN Governor Godwin Emefiele borrowed $1 billion from Afrexim Bank in the second quarter of 2023, out of which $750 million was “illegally funneled to Dangote at a concessionary rate”.
It, therefore, urged the President to investigate the “flagrant violations of our financial laws”.
It reads, “I bring to your attention a scandalous issue of gross financial misconduct and illegality involving the Dangote Group – a flagrant abuse of the Central Bank of Nigeria’s (CBN) forex guidelines for the past 10 years
first exposed by Dr Ope Banwo of Change Vigilantes International (CVI) in his 2016 petition to former President Buhari (read here https://www.ripplesnigeria.com/dangote-forex-violation- cbn/?amp).”
It noted that the “brazen illegality involves a shocking violation of CBN guidelines causing a USD 3.4 billion diversion from Nigeria’s national treasury at rates between 150 and 200USD when the parallel exchange rate was more than double. This insidious financial maneuvering still threatens the very stability of our country’s economy even today.
“Astoundingly, this flagrant siphoning was carried out using Form A, instead of the legal route through Form M, which is tantamount to a gross violation of the law as it offers no financial returns to our country.
“The barefaced audacity of these financial transgressions is further displayed by several implicated banks, which have audaciously sanctioned millions of dollars at the CBN rate to the Dangote Group, in direct violation of CBN’s instructions to source funds from the parallel or interbank market.
“These unscrupulous actions facilitated the illegal transfer of funds for supposed foreign investments including the supposed construction of factories in countries like Congo and Liberia.”
According to the petitioner, the funds were moved out of Nigeria with the “alleged unlawful aim of industrial developments in other nations, while our own country was left bereft of these much-needed investments”.
“More worryingly, there are several instances, such as in Liberia, where promised factories were never built. The siphoned funds were instead reportedly transferred to Dangote’s accounts abroad, thereby exploiting Form A for illicit cash movements that cannot be reclaimed by our country,” it said.
The petition noted that the approvals sought from the apex bank clearly stated that money sought by Dangote must be bought from the Interbank market, which means money outside the CBN.
“However, the funds were bought and transferred from the national treasury with the CBN, which was illegal.
“On a continued basis over the years and contrary to the approvals, Emefiele’s CBN continued illegally supplying money from Nigeria’s treasury at cheaper rates to Dangote Group. This is an illegality that must be righted,” it said.
It added, “For instance in 2015, Form A number AA2541751 was used to transfer over 341 million through telegraphic transfer (ECOBANK) in contravention of CBN directive to use interbank funds only for the Dangote Project in Cameroon whilst on February 12, 2016, Form A number AA2649626 was used to transfer over 420million for spare parts in Congo, also in contravention of the CBN directive.
“To further highlight the brazenness of these actions, it recently came to light that the suspended CBN Governor Godwin Emefiele had borrowed USD 1 billion from Afrexim Bank in the second quarter of 2023, USD 750 million of which was illegally funneled to Dangote at a concessionary rate.
“These funds were subsequently transferred to Dangote’s account abroad just as previously done in the past.
“Your Excellency, as the beacon of hope for our nation’s financial integrity, your swift action is desperately needed to rectify these glaring injustices. We implore you to order a comprehensive and immediate investigation into these flagrant violations of our financial law.
“We call upon you to ensure these stolen funds are returned and used for the betterment of our nation under your committed administration.
“This enforcement is essential not just to deter future violations but also to underscore the ethos of accountability and transparency that your administration represents.
“We enjoin you to direct the EFCC, ICPC, DSS and other relevant security agencies to investigate these illegal acts against our economy and ensure these funds are returned.
“The time for a new era has come an era where the rule of law supersedes illicit privileges, and economic justice becomes our national cornerstone. By addressing this issue decisively, you will send a powerful message that corruption, in all its forms, will no longer be tolerated in our country.”

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Akpabio, Bello plot to assasinate me – Natasha gives shocking details

Senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan on Tuesday revealed how plot to recall and assassinate her was hatched on 12th March, 2025 in Abuja.

Narrating her ordeal when she paid Sallah visit to her Senatorial District in Kogi, the lawmaker who has been suspended for six months by the 10th Senate over alleged breach of Standing Rules of the Senate told the mammoth crowd that Senate President, Godswill Obot Akpabio got the former Governor of Kogi State, Yahaya Bello involved to perfect strategies to recall her from the Senate.

She said, the plan took place at Transcorp Hoteon the night of 12th March at about 10pm, where Bello was told to ensure that she was eliminated outside Abuja to avoid suspicion.
She explained:: “Mind you, on the 12th March, 2025 at about 10pm, Godswill Akpabio had called Governor Ododo to tell him that he should commence my recall, but Ododo told him, it will be impossible to do that.
“This is what Governor ododo said on the 12th. Listen. Ododo told him it is impossible because the masses are with her. But Akpabio wasn’t satisfied, he then sent for Yahaya Bello and it was Senator Asuquo from Cross River State that trailed Yahaya Bello from Transcorp Hilton.
“I was told of everything that happened.
They told Yahaya Bello to commence my recall that he was going to fund. Of course, money exchanged hands that night.
“The second thing they told him was that he should try and kill me. I didn’t make this public, but I wrote to the Inspector General of Police.
“Akpabio told Yahaya Bello that killing me doesn’t happen in Abuja. It should happen here (Kogi) so that it will look as if my people killed me here.
“I didn’t make that public, but we did notify security agencies.”
The lawmaker told her constituents that she ws removed as Committee Chairman on Local Contents angrily by the Senate President because of the Liquefied Natural Gas plants she influenced to Ajaokuta.
“Why they removed me as Chairman of Senate Committee on Local Content was because of Gas plants which I influenced. Akpabio called members of his cabinet and questioned them on why the resources found its way here.
“He said I am using Niger Delta resources to promote the North and said he will stop it.
“I will prove to you what he did. After the Senate President removed me, of course it is because of five NLNG projects. He said ever since he made me Chairman of Local Contents, I have used that office to promote the north.”

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South East: Ebonyi Governor orders arrest of 6 Commissioners, LG Chairman over conract breach

Six Commissioners and a Local Government Council Chairman have been arrested on the order of the Governor of Ebonyi State, Mr Francis Nwifuru over alleged breach of contracts.

The Chairman Afikpo Local Government Area, Mr. Timothy Nwachi, was suspended from office with immediate effect.

Reports said, the Commissioners were accused of contractual breach in the ongoing construction of 140 housing units for the Izzo and Amaze communities, which were displaced by the Ezilo/Ezza Ezilo communal crisis in Ishielu Local Government Area.
The names of embattled Commissioners are: Professor Omari Omaka (Tertiary Education), Victor Chukwu (Environment), Ifeanyi Ogbuewu (Culture and Tourism), Uchenna Igwe (Local Government and Chieftaincy Matters), Moses Ekuma (Health), and Felix Igboke (Project Monitoring).
They were first declared wanted following their disappearance from the State Executive Committee meeting when the matter became known in the media, and the Ebonyi State immediately launched manhunt before they were eventually arrested.
Commenting on the development, Ilang Donatus, Chairman of the State Executive Council Committee on the Izzo and Amaze Housing Project, stated that the action was taken due to the officials’ and contractors’ failure to adhere to contract terms.
Donatus noted that the officials are delaying the housing project, which Governor Nwifuru had planned to commission in celebration of his second anniversary in office.
Donatus emphasised the governor’s frustration over the slow pace of construction, noting that the housing initiative was designed to provide relief to victims of communal crises.
He was quoted as saying, “The governor is not happy over the pace of the work, which ought to have been completed. The government has decided to clamp down on the contractors and commissioners who were mandated to supervise those projects.
“As you can see, our governor is a man with a passionate heart, he likes giving succour, hence the building of those houses for the victims of the communal crisis. He is not happy that the project is delayed and has ordered to arrest of all the commissioners who are supposed to ensure the speedy completion of the housing units.
Adding to the concerns, Mrs. Maria Okohu, Special Assistant to the Governor on Women Mobilization (Ebonyi Central) and a member of the Executive Council Committee, described the situation as an act of sabotage.
She stressed that failure to complete the housing project on schedule undermines the governor’s development agenda for the state.
In response, the state government has vowed to continue its crackdown, warning that further arrests will be made until all implicated commissioners and contractors are held accountable.
Reports also suggest that the Nigerian police have issued invitations to several officials who were not present during the committee’s enforcement visits.
Upon inquiry, Ebonyi State Police Public Relations Officer, SP Joshua Ukandu, stated that he had no knowledge of the arrest or detention of the accused commissioners and the suspended council chairman.
When questioned about whether the Command had invited the officials following the governor’s directive, the police spokesperson responded, “We don’t have any commissioner in our custody. I’m not aware of any invitation and I have asked and I was told we don’t have any commissioner in custody. I will still ask about the invitation but for now, I don’t know anything of such.”

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Ododo’s aide escapes assassination by whiskers, allege APC youth leader, Mohammed behind attempt

Gov. Usman Ahmed Ododo’s Aide, Hon. Godfrey Adekoye, Senior Special Assistant on Youths Empowerment on Tuesday escaped an assassination attempt on his life by whiskers.

The aide of the Governor said the attack on his life happened at Lounge 1, a popular hospitality joint in Lokoja, added that the attackers followed him down to his house, unfortunately they met his absence.

In a statement he made available to CAPITAL POST in Lokoja, the aide to the Governor accused the Kogi State APC Youth Leader, Hon. Mohammed U Mohammed and one Abubakar Nasara Ola as behind his attack.
He said during the attack on him, Abubakar threatened to kill him, pointed a gun at him before the intervention of onlookers who saved him by chance.
The attackers destroyed and broke the windscreen of his vehicle, that is now parked in the custody of the Quick Response Squad.
Speaking on the attack, Hon. Godfrey said he has since reported the matter to the Quick Response Squad, an arm of the Nigerian Police, in Lokoja, said his life is in danger.
When contacted, the Police Public Relations Officer, SP Williams Ayah, said he was making efforts to confirm the attack on the aide, could not be reached as at time of going to press.

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