Raid fallout: Dangote group assures anti-crimes commission of cooperation in investigations
The Management of Dangote Industries Limited has declared that it was ready to assist the Economic and Financial Crimes Commission (EFCC) in its investigations, stressing that no accusations of wrongdoing have been made against any company within the Group.
Penpushing reports that this was contained in a statement to douse the concerns of stakeholders following the visit to its Head office in Lagos by officials of the Economic and Financial Crimes Commission (EFCC).
The company in the statement disclosed that it received a letter from the commission on December 6, 2023, requesting details of all the foreign exchange allocated to it by the Central Bank of Nigeria (CBN) from 2014 to date.
Penpushing further reports that the organization explained that the request from the commission as not being peculiar to Dangote Group, adding that it was aware that similar letters were sent to 51 other Groups of companies requesting for same information spanning same period.
“We understand similar letters were sent to 51 other Groups of companies requesting for same information spanning same period. We must emphasize that, to our knowledge, no accusations of wrongdoing have been made against any company within our Group,” the statement said
Penpushing also reports that the Dangote Group owned up to acknowledging receipt of the letter whilst seeking clarification on the subsidiaries or companies within the Group that they required information on.
The foremost indigenous conglomerate in a statement explained that it equally requested for additional time to compile and properly present the extensive documentation spanning ten years, but pointed out that the commission did not provide the clarification sought nor honour request for an extension
‘However, the EFCC did not provide the clarification sought and also did not honour the request for an extension and insisted on receiving the complete set of documents within the limited timeframe,” the statement said.
‘Despite this constraint, we assured the EFCC of our commitment to providing the information and pledged to share documents in batches as we complete the compilation’, the management emphasized in the statement
“On 4 January 2024, our team delivered the first batch of documents to the EFCC. However, officers of the EFCC did not accept the documents, insisting on visiting our offices to collect the same set of documents directly’.
‘Whilst our representatives were still at the EFCC’s office to deliver the documents, a team of their officers proceeded to visit our offices to demand for the same documents in a manner that appeared designed to cause us unwarranted embarrassment. Worthy of note is the fact that the officials did not take any documents or files from our Head office during their visit as these were already in their office’.
‘We must emphasize that, to our knowledge, no accusations of wrongdoing have been made against any company within our Group. At present, we are only responding to a request for information to assist the EFCC with their ongoing investigation’
Penpushing reports that the management in the statement stated that it resolved to continue to play its key role in stimulating the domestic economy, adding that as a law-abiding and ethical corporate citizen it remain committed to providing the agency all necessary information and cooperation
‘As a law-abiding and ethical corporate citizen, we remain committed to providing the EFCC with all necessary information and cooperation. We have already delivered the first batch of documents and are actively working to compile and submit the remaining documents, in good time, to aid their investigation’.
‘Our Group is a key contributor to the national GDP, the largest employer in the private sector, one of the largest groups listed on the Nigerian Exchange and one of the highest taxpayers in the country. We remain steadfast in our belief in Nigeria’s commitment to the rule of law and its dedication to fostering an environment conducive for investment and value creation for both local and foreign investors.”
Penpushing further reports that the management of the renowned company then called for the understanding and patience of all stakeholders and promised to inform them of any further developments.
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