Grapevine

Dangote speaks on reported EFCC raid on his conglomerate’s headquarters

The President of Dangote Group, Aliko Dangote, has said the reported raid by the Economic and Financial Crimes Commission (EFCC) operatives on the headquarters of his conglomerate in Lagos was intended to embarrass him and the business.

PREMIUM TIMES reported how EFCC operatives raided the headquarters of the Dangote Group in connection with an investigation into forex allocations in the country.

The newspaper reported that on arrival at the headquarters of one of Africa’s largest conglomerates in Lagos, the EFCC operatives demanded documents relating to allocation of foreign exchange to the group in the last ten years.

Mr Dangote spoke publicly on the issue for the first time in an interview with Bloomberg on Monday. He said it was not a raid but a mere visit.

“The office really was not raided. They visited the office, and they didn’t talk to anybody. They did not arrest anybody, they just came, and left, just to register an embarrassment, and that’s all,” Mr Dangote said.