Tag: Nigeria business

  • ICPC summons Dangote as petition over alleged $7m school-fees spending enters probe phase

    ICPC summons Dangote as petition over alleged $7m school-fees spending enters probe phase

    Photo Credit: The Nations
    2025-12-21 08:30:00

    In an update published by The Nation, the ICPC has invited Aliko Dangote in connection with his petition against the immediate past NMDPRA boss over allegations tied to public funds and overseas school fees.

    The report says the invitation is linked to preparations for a formal investigation panel, as the matter fuels debate about accountability in high-value regulatory offices.

    At the center is an allegation that more than $7 million was spent on children’s education abroad, prompting calls for a lifestyle and governance audit around the regulator.

    Premium Times confirmed Dangote “formally submitted a petition,” while ThisDay reported the petition “alleged that Ahmed spent over $7 million” on education-related expenses.

    Echotitbits take:
    High-profile petitions only matter if evidence is traceable. Watch for payment trails, asset declarations, and whether the probe expands into institutional controls that enabled the alleged spending.

    Source: The Nation — December 21, 2025 (https://thenationonlineng.net/icpc-invites-dangote-over-7m-school-fees-claim-against-ex-nmdpra-boss/)
    The Nation 2025-12-21

  • LIRS Seals Shoprite Ikeja Outlet Over Tax Compliance Dispute

    The Lagos State Internal Revenue Service sealed the Shoprite outlet at Ikeja City Mall, citing alleged tax non-compliance under applicable laws. Officials warned against tampering with the agency’s enforcement seals.

    The action underscores Lagos’ intensified revenue enforcement posture amid broader cost pressures in Nigeria’s retail sector.

    2025-12-10

    The Nation

    2025-12-10