The recent battle and media war between the duo was ignited on Thursday when Dangote, in an advertorial in the dailies accused Rabiu of sponsoring false reports against him and his businesses.

The Dangote Industries Limited (DIL) sharply refuted allegations that it is engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices. It even mentioned the name of Rabiu in the said advertorial.

The company described the report as a rehash of a similar report peddled out of malice by a “competitor masquerading as a concerned Nigerian” in 2016.

But BUA Group, in a sharp response attacked Dangote, accusing him and his company of trying to ruin its cement and sugar businesses over the years.

The DIL made reference to unfounded allegation making the rounds in some online media, suggesting that the Company is being probed over alleged illegal foreign exchange laundering running to $3.4bn allegedly perpetrated by the Central Bank of Nigeria under the leadership of Mr. Godwin Emefiele over the years.

Dangote’s company said as an organisation, it was not in its custom to respond to any spurious allegation, but that “since it is a rehash of a similar report peddled out of malice by a competitor masquerading as a concerned Nigerian in 2016, we are constrained to provide context to this issue.”

“The reporting of this spurious foreign exchange allegation by some media houses was turned down by some credible traditional and online media news until it was featured as a paid advertorial in two Nigerian Newspapers BusinessDay and Leadership (Published on March 14, 2016) titled “Acts of Economic Sabotage by Dangote Cement” published in the name of David Osa Ighalo, from Benin, Edo State.

https://pmnewsnigeria.com/2023/11/04/the-battle-of-two-nigerian-billionaires-dangote-rabiu-lock-horns/

jersy4:
The recent battle and media war between the duo was ignited on Thursday when Dangote, in an advertorial in the dailies accused Rabiu of sponsoring false reports against him and his businesses.

The Dangote Industries Limited (DIL) sharply refuted allegations that it is engaged in illegal foreign exchange deals, warning those peddling the allegation of economic sabotage against the company to desist from such underhand practices. It even mentioned the name of Rabiu in the said advertorial.

The company described the report as a rehash of a similar report peddled out of malice by a “competitor masquerading as a concerned Nigerian” in 2016.

But BUA Group, in a sharp response attacked Dangote, accusing him and his company of trying to ruin its cement and sugar businesses over the years.

The DIL made reference to unfounded allegation making the rounds in some online media, suggesting that the Company is being probed over alleged illegal foreign exchange laundering running to $3.4bn allegedly perpetrated by the Central Bank of Nigeria under the leadership of Mr. Godwin Emefiele over the years.

Dangote’s company said as an organisation, it was not in its custom to respond to any spurious allegation, but that “since it is a rehash of a similar report peddled out of malice by a competitor masquerading as a concerned Nigerian in 2016, we are constrained to provide context to this issue.”

“The reporting of this spurious foreign exchange allegation by some media houses was turned down by some credible traditional and online media news until it was featured as a paid advertorial in two Nigerian Newspapers BusinessDay and Leadership (Published on March 14, 2016) titled “Acts of Economic Sabotage by Dangote Cement” published in the name of David Osa Ighalo, from Benin, Edo State.

https://pmnewsnigeria.com/2023/11/04/the-battle-of-two-nigerian-billionaires-dangote-rabiu-lock-horns/

These useless bastardsss chopping the life out of helpless Nigerians na thunda go faya una prik. Fkn thieves

Rabiu senses Dangote's weakness at this critical junction in time: here's a head of state the evil monopolist does not have any subsisting business partnership with; moreover Tinubu is not Fula and is not bound by primitive tribal sentiment to continue to watch the economic vampire Dangote suck Nigeria's life-blood via his decades-long criminal forex dealings inside the CBN. This is Rabiu's opportunity to take down his life-long adversary. No one knows how long this window of vulnerability will last and it may likely never be open again once this admin is done

A big crook selling cement above 5k. Lime stone is like ordinary sand with few treatment to turn cement, unlike crude oil that involves lots of fund to extract and process.

Selling cement at 1500 per bag will give the wicked crook enough gain.

Choked by refinery failure and retrenchment of Emiefela, he want to suck Nigerians to death through cement price hiking.

Someone is feeling the heat, BUSINESS COMPETIVENESS IS MOST TIME GOOD FOR THE SOCIETY!!!

This is interesting

They are both fighting for their selfish reasons and gains .

Na wa oo, Nigeria is like a big Carmel choke with a tight rope and covered with thick polytene bag by a rabbit.

This is a parable

I will say something when I get rich too

EMEFIELE IS ABRACADABRA.