Dangote Repatriates $687,977m From Pan-African Operations - Business

Dangote Repatriates $687,977m From Pan-African Operations - Business - Nairaland

Nairaland Forum › Nairaland General › Business › Dangote Repatriates $687,977m From Pan-African Operations (11928 Views)

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Dangote Repatriates $687,977m From Pan-African Operations by Islie(op): 7:00am On Nov 06, 2023

Written by Olushola Bello

Dangote Industries Limited (DIL) has revealed that its pan African operations have fetched Nigeria $687,977 million.

The company stated it has so far repatriated over $576.009 million through various banks in Nigeria, in addition to a $111.968 million cash swap arrangement between Dangote Cement Plc and Ethiopian Airlines; thus, saving the same amount that would have been paid by the Central Bank of Nigeria (CBN).

The company revealed this in a statement made available to journalists.

Dangote re-affirmed its determination and belief in Nigeria, noting that the present government of President Bola Tinubu, has shown the will and resolve to get the economy moving again.

“We believe in Nigeria, and we believe in Africa. We are genuine and authentic about our investments, and we call on all relevant agencies to investigate our FX transactions in the past ten years and make public any infraction noticed or discovered,” he said.

Insisting that all forex purchased in respect of its African Project Expansion were genuine and fully utilised for what they were meant for, Dangote revealed that, the projects for which the forex was utilised are visible for everyone to see.

To him, “It is on record that some of these projects were commissioned by Nigerian top-ranking government officials and in attendance were chief executives of various banks, Captains of Industries, and the Presidents of the host countries supported by their Senior Government Officials.

“The commissioning events of these projects were well documented and covered by both local and international media. There are also print and electronic copies of the commissioning ceremonies as further testimony to the judicious utilisation of the funds.”

https://leadership.ng/dangote-repatriates-687977m-from-pan-african-operations/

5 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by Ikaeniyan0: 7:10am On Nov 06, 2023

We need more people like Dangote in Nigeria

13 Likes 3 Shares

Re: Dangote Repatriates $687,977m From Pan-African Operations by Resurrection212: 7:11am On Nov 06, 2023

So they can burial Nigeria finally.

Ikaeniyan0:
We need more people like Dangote in Nigeria

58 Likes 1 Share

Re: Dangote Repatriates $687,977m From Pan-African Operations by Graduatedyes: 7:12am On Nov 06, 2023

Cool

Re: Dangote Repatriates $687,977m From Pan-African Operations by Ikaeniyan0: 7:13am On Nov 06, 2023

Resurrection212:
So they can burial Nigeria finally.

So we will have more industries in Nigeria and Africa.

18 Likes 1 Share

Re: Dangote Repatriates $687,977m From Pan-African Operations by TheBTCinvestor(m): 7:16am On Nov 06, 2023

Re: Dangote Repatriates $687,977m From Pan-African Operations by Calabar1stSon: 7:16am On Nov 06, 2023

Propaganda every single day.

25 Likes 1 Share

Re: Dangote Repatriates $687,977m From Pan-African Operations by LagBlogger(m): 7:18am On Nov 06, 2023

More companies should export from Nigeria.

2 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by usecondom(m): 7:18am On Nov 06, 2023

Ehn ehn is that so?

1 Like

Re: Dangote Repatriates $687,977m From Pan-African Operations by mytime24(f): 7:18am On Nov 06, 2023

Dan-go-thief, d owner of nigeria 🇳🇬

18 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by Solsix(m): 7:18am On Nov 06, 2023

I don't know which one to believe again

2 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by maberry(m): 7:18am On Nov 06, 2023

Re: Dangote Repatriates $687,977m From Pan-African Operations by masterfactor(m): 7:19am On Nov 06, 2023*

Dangote, one of Nigeria finest, watch out how some people from the region of hate will come and condemn this man effort, even though some of their brothers and sisters including them self grin

, work for this man and are living the life. They are hypocrite as usual.

7 Likes 3 Shares

Re: Dangote Repatriates $687,977m From Pan-African Operations by mrvitalis(m): 7:21am On Nov 06, 2023

This is how you grow an economy

This is what I have been preaching for years

Build individuals leave infrastructure for now let's build the people first

Imagine having 150 dangotes

We won't need oil to earn forex

Human resources over natural resources any day

6 Likes 1 Share

Re: Dangote Repatriates $687,977m From Pan-African Operations by inoki247: 7:21am On Nov 06, 2023

People shouting Monopoly up nd down will not believe the News...

2 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by blacksam01: 7:22am On Nov 06, 2023

the country needs lots of FX supply chains....lest we are dead, except tech production quadruple

1 Like

Re: Dangote Repatriates $687,977m From Pan-African Operations by jonahhh: 7:23am On Nov 06, 2023

Ikaeniyan0:
We need more people like Dangote in Nigeria

if we have 3 dangotes in Nigeria, we are finished

19 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by jonahhh: 7:24am On Nov 06, 2023

Ikaeniyan0:
So we will have more industries in Nigeria and Africa.

use your 36 or better still ask questions .. dangote is one of our major problems

8 Likes 1 Share

Re: Dangote Repatriates $687,977m From Pan-African Operations by akpumping7720(m): 7:25am On Nov 06, 2023

People buying dollars are in trouble embarassed

7 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by GVTAsiwaju(m): 7:25am On Nov 06, 2023

Ikaeniyan0:
We need more people like Dangote in Nigeria

May God forbid

6 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by Elliotwaveforec: 7:28am On Nov 06, 2023

Dangote, thank you and more progress to your establishments.

2 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by princepeter566: 7:29am On Nov 06, 2023

An enemy runneth when no man pussueth.
Dangote is trying to run from his past

12 Likes 1 Share

Re: Dangote Repatriates $687,977m From Pan-African Operations by Thinktwicemybro: 7:30am On Nov 06, 2023

Same money he borrowed from banks without collateral is what he is returning due to the exposure of his dirty business dealings by BUA. He is only returning it to fool the gullible and escape probe from tinubu government

16 Likes 1 Share

Re: Dangote Repatriates $687,977m From Pan-African Operations by LocalFARMERS: 7:31am On Nov 06, 2023

Resurrection212:
So they can burial Nigeria finally.

Hmmmm

Re: Dangote Repatriates $687,977m From Pan-African Operations by OBJECTIVITY4ALL: 7:32am On Nov 06, 2023

No that douth, there might be some infractions, that that doesn't mean anyone should rubbish e is genuine investment across, A man that doesn't have a house abroad while some of his staff have . He has impacted many globally.

1 Like

Re: Dangote Repatriates $687,977m From Pan-African Operations by propsvilla2: 7:36am On Nov 06, 2023

Re: Dangote Repatriates $687,977m From Pan-African Operations by Mrbenny001: 7:37am On Nov 06, 2023

inoki247:
People shouting Monopoly up nd down will not believe the News...

chop breakfast first before typing nonsense

2 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by webclass(m): 7:38am On Nov 06, 2023

That's very good

Re: Dangote Repatriates $687,977m From Pan-African Operations by Spandau: 7:38am On Nov 06, 2023

Islie:
https://leadership.ng/dangote-repatriates-687977m-from-pan-african-operations/

Dangote is trying to outshine BUA in front of Emile O'Corn since he knows that the former has won the president's favour.

4 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by Emeskhalifa(m): 7:41am On Nov 06, 2023

Dangote?

Re: Dangote Repatriates $687,977m From Pan-African Operations by jumper524(m): 7:44am On Nov 06, 2023

Thinktwicemybro:
Same money he borrowed from banks without collateral is what he is returning due to the exposure of his dirty business dealings by BUA. He is only returning it to fool the gullible and escape probe from tinubu government

They used the word repatriate to deceive people.
While I can't translate the real idea of the report, I know it's a very shady report twisted with grandma's to hide the eventuality.
I sha just know Tinubu is turning the heat on dangote monopolist idea.

5 Likes

Re: Dangote Repatriates $687,977m From Pan-African Operations by inoki247: 7:44am On Nov 06, 2023

Mrbenny001:
chop breakfast first before typing nonsense

Is too early to chop breakfast so rest no be everybody go dey reason like you people....

Before Bua change price to 3500 his Cement cost pass Dangote own so I don't know what Monopoly you guys are always crying about....

1 2 3 Reply

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