The Economic and Financial Crimes Commission has opened an investigation into Farouk Ahmed, former Managing Director of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, following allegations of misuse of public funds.
The probe is based on a petition submitted by businessman Aliko Dangote, which accused Ahmed of spending millions of dollars on his children’s education outside Nigeria. The complaint claimed that about seven million dollars was used to pay for secondary school education in Switzerland, an action said to be against rules guiding public officers.
Dangote first sent the petition to the Independent Corrupt Practices and Other Related Offences Commission in December 2025 but later withdrew it. A fresh petition was then filed with the EFCC in July 2025, asking the anti-graft agency to investigate the matter.
Sources within the EFCC said the commission has started reaching out to institutions and individuals mentioned in the petition to confirm the claims. This includes plans to contact the foreign school linked to the alleged payments. According to the sources, Ahmed has not yet been invited for questioning because the commission usually gathers facts and documents before engaging the person under investigation.
The EFCC has carried out similar checks in past cases, including investigations that involved verifying school fee payments to foreign institutions during earlier probes of public officials.
The investigation adds to a growing list of high-profile cases involving alleged misuse of public resources. As of now, no date has been fixed for Ahmed to appear before the commission, as inquiries are still ongoing.
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