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World Bank appoints Aliko Dangote to Elite Group

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Nasiru Yusuf Ibrahim

 

 

…Tasks him to drive Investment and job creations in emerging economies

 

 

The President and Chief Executive of the Dangote Group, Aliko Dangote, has been appointed to the World Bank’s Private Sector Investment Lab, joining a select group of global business leaders tasked with driving investment and job creation in emerging economies.

 

KANO FOCUS reports that in a statement confirming his acceptance, the African industrialist reaffirmed his commitment to fostering sustainable economic growth through private sector-led investment, noting the transformative potential of such initiatives in developing markets.

 

“I am both honoured and excited to accept my appointment to the World Bank’s Private Sector Investment Lab, dedicated to advancing investment and employment in emerging economies,” Dangote said.

 

“This opportunity aligns with my long-standing commitment to sustainable development and unlocking the potential of developing economies. Drawing inspiration from the remarkable successes of the Asian Tigers, which have demonstrated the power of strategic investment and focused economic policy, I am eager to collaborate with fellow leaders to replicate such outcomes across other regions.”

 

The Dangote Group, founded by Aliko Dangote, is the largest conglomerate in West Africa and one of the largest on the African continent. With interests spanning cement, fertiliser, salt, sugar, and oil, the Group employs over 30,000 people and is the largest taxpayer in Nigeria—contributing more in taxes than all of Nigeria’s banks combined. It is also the country’s largest employer after the government.

 

The $20 billion Dangote Petroleum Refinery & Petrochemicals, the Group’s flagship project, stands as the largest single private investment in Africa.

 

In addition to his business interests, Dangote leads the Aliko Dangote Foundation (ADF), the largest private foundation in sub-Saharan Africa, with the largest endowment by a single African donor. The Foundation primarily focuses on child nutrition, while also supporting interventions in health, education, empowerment, and disaster relief.

 

The World Bank announced Dangote’s appointment on Wednesday as part of a broader expansion of its Private Sector Investment Lab, which now enters a new phase aimed at scaling up solutions to attract private capital and create jobs in the developing world.

 

Joining Dangote in the elite group are Bill Anderson, CEO of Bayer AG; Sunil Bharti Mittal, Chair of Bharti Enterprises; and Mark Hoplamazian, President and CEO of Hyatt Hotels Corporation.

 

The World Bank said the expanded membership brings together business leaders with proven track records in generating employment in developing economies—supporting the Bank’s sharpened focus on job creation as a central pillar of global development.

 

“With the expanded membership, we are mainstreaming this work across our operations and tying it directly to the jobs agenda that is driving our strategy,” said World Bank Group President Ajay Banga. “This isn’t about altruism—it’s about helping the private sector see a path to investments that will deliver returns, and lift people and economies alike. It’s central to our mandate.”

 

The global bank said that over the last 18 months, the Lab brought together leaders from global financial institutions to identify the most pressing barriers to private sector investment in developing countries and to test actionable solutions.

 

The statement said that the work had now been consolidated into five priority focus areas that were being integrated across the bank operations, including regulatory and policy certainty.

 

The Lab’s founding members included senior executives from AXA, BlackRock, HSBC, Macquarie, Mitsubishi UFJ Financial Group, Ninety One, Ping An Group, Royal Philips, Standard Bank, Standard Chartered, Sustainable Energy for All, Tata Sons, Temasek, and Three Cairns Group. The Lab is chaired by Shriti Vadera, Chair of Prudential plc.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Faroukgate: Dangote takes petition against Ex-NMDPRA boss to EFCC

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Nasiru Yusuf Ibrahim

The Chairman of Dangote Industries Limited (DIL), Aliko Dangote, through his legal representative, has filed a formal corruption petition against former Managing Director of the Midstream Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, at the headquarters of the Economic and Financial Crimes Commission (EFCC).

KANO FOCUS reports that this move follows the withdrawal of the same petition from the Independent Corrupt Practices and Other Related Offences Commission (ICPC), a strategic decision aimed at accelerating the prosecution process.

In the petition signed by Lead Counsel Dr. O.J. Onoja S.A.N, Dangote urged the EFCC to investigate allegations of abuse of office and corrupt enrichment against Mr. Ahmed and prosecute him if found culpable.

“We make bold to state that the commission is strategically positioned along with sister agencies to prosecute financial crimes and corruption related offences, and upon establishing a prima facie case, the courts do not hesitate to punish offenders. See Lawan v. F.R.N (2024) 12 NWLR (Pt. 1953) 501 and Shema v. F.R.N. (2018) 9 NWLR (Pt.1624)337.”

Onoja further urged the commission, under the leadership of Mr. Olanipekun Olukoyede, “…to investigate the complaint of Abuse of Office and Corruption against Engr. Farouk Ahmed and to accordingly prosecute him if found wanting”

The petition also stated that: “The commission’s firm resolve in handling this matter with dispatch is not only imperative and expedient but will also serve as a deterrent to other public officers out there with such corrupt proneness and tendencies”

The development reinforces Dangote’s unwavering commitment to transparency and accountability in Nigeria’s oil and gas sector.

It will be recalled that on December 14, 2025, Dangote raised concerns about Mr. Ahmed’s financial dealings, alleging that the former regulator is living far beyond his legitimate means. According to Dangote, four of Mr. Ahmed’s children attended elite secondary schools in Switzerland, incurring costs running into several millions of dollars—an expenditure that raises questions about potential conflicts of interest and the integrity of regulatory oversight in the downstream petroleum industry.

Dangote listed the schools attended by Mr. Ahmed’s children: Faisal Farouk (Montreux School), Farouk Jr. (Aiglon College), Ashraf Farouk (Institut Le Rosey), and Farhana Farouk (La Garenne International School), noting that each child spent six years in these institutions. He estimated annual tuition, travel, and upkeep per child at $200,000, totaling approximately $5 million for their secondary education.

Additionally, Dangote alleged that Mr. Ahmed spent another $2 million on tertiary education for the four children, including $210,000 for Faisal’s 2025 Harvard MBA program.

“Nigerians deserve to know the source of these funds, especially when many parents in Mr. Ahmed’s home state of Sokoto struggle to pay as little as ₦10,000 in school fees,” Dangote stated.

The petition calls for a comprehensive investigation to ensure accountability and restore public confidence in Nigeria’s regulatory institutions.

 

 

 

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Imam Gusau warns against silence in the face of injustice

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Nasiru Yusuf Ibrahim

 

An Islamic scholar, Imam Murtadha Gusau, has warned that remaining silent in the face of oppression and injustice amounts to complicity and poses grave moral and spiritual dangers to individuals and societies.

Delivering a Friday sermon titled “The Prohibition of Silence in the Face of Oppression and Injustice”, the cleric said injustice remains one of the most destructive forces in human societies, driven by the abuse of power through money, authority, weapons and the media.

Imam Gusau explained that the Qur’an strongly condemns oppression, describing it as the misplacement of rights and the elevation of unqualified individuals over the deserving. He noted that oppressors may appear powerful temporarily, but divine justice ultimately ensures their failure.

Quoting several Qur’anic verses, including “The oppressors do not succeed” (Qur’an 12:23), he cited historical examples such as the persecution of Prophet Yusuf and the tyranny of Pharaoh against Prophet Musa, stressing that oppression never leads to lasting success.

The cleric lamented what he described as widespread injustice across the world, including Nigeria and conflict-ridden regions such as Palestine, Yemen and Syria, accusing many leaders and politicians of turning a blind eye to the suffering of innocent people.

According to him, Islamic teachings place a collective responsibility on believers to confront injustice, warning that silence in the presence of wrongdoing can attract divine punishment. He cited Qur’an 5:78–79, which recounts how past nations were punished not only for committing evil, but also for failing to prevent it.

Imam Gusau stressed that Islam commands believers to actively stand for justice, even when it is difficult or risky. He recalled prophetic traditions which teach that evil should be resisted with action, speech, or at the very least, inward rejection, describing silence as the weakest form of faith.

He further reminded political leaders and those in authority that ignoring oppression constitutes a betrayal of trust and accountability before Allah, warning that excuses such as poverty, weakness or fear do not absolve societies from their moral obligations.

The sermon also drew attention to the Islamic distinction between lawful justice and unlawful aggression, emphasising that preventing crimes, protecting victims and holding perpetrators accountable through just means are necessary for social stability and human dignity.

Imam Gusau concluded by urging Muslims to support the oppressed through advocacy, humanitarian assistance, lawful action and moral courage, stressing that justice, not silence, strengthens nations and faith.

The sermon was delivered on Friday, January 9, 2026, corresponding to Rajab 19, 1447 AH.

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Kano Assembly backs Yusuf’s planned defection to APC 

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Nasiru Yusuf Ibrahim

 

Members of the Kano State House of Assembly have unanimously endorsed the planned decision of Governor Abba Kabir Yusuf to defect from the New Nigeria People’s Party (NNPP) to the All Progressives Congress (APC), citing deepening legal and leadership crises within the NNPP.

 

KANO FOCUS reports that the lawmakers said remaining in the NNPP poses serious political and legal risks, warning that the party’s internal disputes and ongoing court cases could jeopardise the mandates of elected officials in the state.

 

The legislators recalled the political crisis in Zamfara State, where the ruling party lost power despite winning elections, as a key reason behind their support for Governor Yusuf’s proposed exit from the NNPP.

 

Speaking to journalists on Thursday, the Majority Leader of the House, Lawan Hussaini, said the Assembly could not ignore what he described as the “dangerous legal situation” surrounding the party.

 

“There is an existing court judgement that recognises a particular faction of the NNPP,” Hussaini said. “We cannot continue to remain in the party and risk a repeat of the legal disaster that happened in Zamfara State.”

 

He explained that the NNPP is currently embroiled in rival leadership claims and multiple court cases, creating uncertainty over the party’s legal standing and the validity of its nominations ahead of future elections.

 

According to Hussaini, the Zamfara experience remains a painful reminder of how internal party disputes can nullify electoral victories. In the 2019 general elections, the APC won most elective offices in Zamfara State but failed to conduct valid primaries due to internal disagreements.

 

He noted that shortly before the inauguration of elected officials, the Supreme Court ruled that the APC had no valid candidates, declared the votes cast for the party wasted and ordered that candidates with the next highest votes who met constitutional requirements be declared winners.

 

The judgement handed the governorship to the Peoples Democratic Party (PDP) candidate, Bello Matawalle, while the PDP also secured nearly all legislative seats in the state, despite losing at the polls.

 

Drawing lessons from that precedent, Hussaini warned that Kano could face a similar fate if the NNPP’s internal crisis remains unresolved. He said continued factional battles and litigation could invalidate the party’s candidates, even after successful elections.

 

The Majority Leader disclosed that this concern informed the Assembly’s decision to support calls urging Governor Yusuf and the leader of the Kwankwasiyya movement, Senator Rabiu Musa Kwankwaso, to consider leaving the NNPP for what lawmakers described as a more stable political platform, including the APC.

 

He added that consultations were already ongoing with Governor Yusuf and Senator Kwankwaso to agree on what he termed a “strategic and timely” defection that would safeguard the mandate given to them by the electorate.

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