Business & Finance

Aliko Dangote Reacts to His Alleged Link to Panama Papers Scandal

Aliko Dangote, Africa’s richest man

Africa’s richest man, Alhaji Aliko Dangote, has issued a statement concerning reports linking him to having shell corporations as leaked by Panamanian firm Mossack Fonseca.

“Thank you for your enquiry concerning our alleged relationship with the following off shore companies namely: Paseo Trading Ltd, Seychelles; Petrowest S.A.,Seychelles; SID Holdings Corp, Panama and Chalmers Shipping Inc, Panama, spokesperson for the Dangote Group, Tony Chiejina, said.

“I wish to state categorically that neither Aliko Dangote nor Dangote Industries Ltd (DIL) has any form of relationship with these alleged four off shore companies. The Group has four quoted companies on the Nigerian Stock Exchange and we cannot afford to tarnish our reputation or conduct our business in an unethical manner given this profile.

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“Our reputation is paramount to us and we are conscious of the downside of it. We thank you for upholding the principal ethics in journalism – ‘when in doubt, check’.

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