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Aliko Dangote Retires from Dangote Cement to Focus on Refinery

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Aliko Dangote retires from Dangote Cement

Aliko Dangote retires from Dangote Cement as Board Chairman to focus on the Dangote Refinery project. Emmanuel Ikazoboh appointed new board chairman

Aliko Dangote retires from Dangote Cement, marking the end of an era for one of Africa’s most valuable companies.

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Also read: Aliko Dangote Foundation Donates Rice to Bayelsa Vulnerable Families

The industrialist, who founded and served as Chairman of the Board, has stepped down to concentrate on his ambitious petroleum refinery project.

The announcement was made by the Group Chief, Branding and Communications Officer, Anthony Chiejina, in a statement released Friday.

Chiejina confirmed that Dangote’s decision to retire was intentional and strategic, aimed at ensuring full attention to the operations of the multi-billion-dollar Dangote Petroleum Refinery.

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Following his exit, the board appointed Emmanuel Ikazoboh, an independent non-executive director, as the new Chairman.

Aliko Dangote retires from Dangote Cement at a time when the company remains a dominant force in the African construction sector. His leadership has shaped it into a powerhouse, contributing significantly to infrastructure growth across the continent.

Also read: Dangote Launches Olokola Seaport to Expand Industrial Maritime Logistics

This move underscores his renewed focus on transforming Nigeria’s energy landscape through the refinery project.

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Probe Into Fake Federal Agencies Not Over, ICPC Insists

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The Independent Corrupt Practices and Other Related Offences Commission (ICPC) has said its investigation into the alleged operation of fake federal agencies within the Federal Government is still ongoing, despite the reinstatement of two permanent secretaries suspended over the matter.

The commission maintained that it stood by its earlier findings that other purported fake agencies had been discovered during its investigations, adding that further action would be announced when the process was concluded.

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ICPC spokesperson, John Odey, disclosed this while responding to an enquiry on the status of the investigation in Abuja.

He said the commission was still examining the allegations and had yet to decide whether the findings would result in further court action.

“The ICPC stands by what it said about finding out in the course of our investigations that there were some other fake agencies. Investigations are ongoing.

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“As usual, when the ICPC is ready to either go to court or not to go to court, we would let you know. But for now, investigations are ongoing. Let it be on record that the ICPC stands by what it said before,” Odey said.

The commission had on August 21, 2026, announced the discovery of a purported fake federal agency operating under the name National Brands Development and Made in Nigeria Special Project Office.

The ICPC alleged that the organisation was promoted by George Buchi Nwabueze, with the suspected involvement of senior public servants in the Office of the Secretary to the Government of the Federation (OSGF).

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Following the disclosure, President Bola Tinubu ordered Nwabueze’s arrest and the suspension of three permanent secretaries: Mohammed Danjuma, Nandungu Gagare and Richard Pheelangwa.

The discovery emerged during the commission’s wider investigation into the activities of the purported Presidential Foreign Intervention Promotion Council (PFIPC), which was allegedly operated by Adeniyi Adeyemi Matthew.

The ICPC had earlier reported that its investigation into the PFIPC uncovered two other purported organisations allegedly linked to Adeyemi: the FCT Investment Promotion Agency and the Foreign Investment Promotion Agency and Public-Private Partnership.

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According to the commission, the investigation found that the PFIPC was not established by any law, executive order or other valid government instrument. It also alleged that documents presented to support the organisation’s existence, including an appointment letter, were forged.

The commission further said there was no evidence that Federal Government funds had been approved or disbursed to the purported council.

However, Nwabueze denied the allegation that the National Brands Development and Made in Nigeria Special Project Office was fake, insisting that the project office had existed within the OSGF since July 16, 2010.

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He questioned why an initiative that had allegedly been operating for 16 years was suddenly being described as fictitious.

Meanwhile, two of the three permanent secretaries suspended following the discovery have since been reinstated.

Mohammed Danjuma, Permanent Secretary, Finance (Special Duties), was reinstated following presidential approval conveyed in a letter dated October 22, 2026, by the Head of the Civil Service of the Federation, Olumuyiwa Abel. His reinstatement took effect on October 21.

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Similarly, Richard Pheelangwa, Permanent Secretary in the Ministry of Defence, resumed duty on November 3 after the Federal Government lifted his suspension.

The Minister of Defence, Christopher Musa, formally welcomed Pheelangwa back to the ministry, according to a statement by the minister’s media adviser, Leah Katung-Babatunde.

The reinstatements have, however, not brought the ICPC investigation to an end, as the commission says it is continuing efforts to establish the full circumstances surrounding the alleged operations of the purported agencies and identify anyone who may have facilitated them.

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