• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

These 8 Dangote Sugar staff have been accused of stealing N451 million

Chacha Wabara by Chacha Wabara
August 1, 2017
in Company News
NDDC Faltered On N183.7bn Indictment – Auditor-General
Share on FacebookShare on TwitterShare on Linkedin

Billionaire Aliko Dangote may not be a very happy man at the moment as it appears workers in Dangote Sugar, one of his companies may have been involved in misappropriation of funds.

Here is a summary of the case:

  • The Nigerian Police Force has arrested 8 former workers of Dangote Sugar Refinery, Lagos for stealing and fraud offences.
  • The said offences, alleged to have been carried out between 2012 and 2016, amount to 8 counts of stealing, forgery of cheque, requisition form and uttering of false documents, amounting to a loss of N451 million to Dangote Sugar Refinery
  • The suspected crimes were found out in a routine audit check that was conducted and still ongoing into the accounts of Dangote Sugar Refinery, Apapa, Lagos during which it was discovered that the defendants had carefully organized a network to siphon the company’s money to a total sum yet to be ascertained to El-Habib Property Nigeria Limited, a company with no business ties with Dangote Sugar Refineries
  • The suspects names are Musa Sule, Joseph Ukpah, Babatunde Ajao, Onyekwere Chinedu, Alayande Rahaman, Omoro Ezekiel, Zainab Adebanjo, Abugba Odion and Minnie Mohammed
  • The suspects have been charged to court but arraignment was postponed to August 7 due to the absence of one of the suspects.

The company many need to improve on its internal control systems, as this is very likely not the first time fraud would be occurring . Dangote Sugar refinery commenced operations in 2001 at the Apapa port and is up 96% year to date on the Nigerian Stock Exchange (NSE). The stock is currently trading at N13.04 as at 10.21am in today’s trading session.

RelatedStories

NGX

Dangote Sugar, Oando lead gainers as All-Share Index smashes 120,000 mark; SWOOTs rally 

June 26, 2025
Falling sugar prices to boost profits for Dangote Sugar, BUA, and Golden Penny

Falling sugar prices to boost profits for Dangote Sugar, BUA, and Golden Penny

June 11, 2025

Source

Tags: Dangote SugarfraudNews ReviewNigerian Police ForceQuickTakes
Chacha Wabara

Chacha Wabara

Chacha Wabara-Ogbobine is a Legal practitioner with over 9years post call experience. A research Consultant, professional writer and a blogger at heart,owner of four thriving websites with well over 10years of experience. Totally in love with keeping fit and coaching weight loss enthusiasts. I love my quiet time, being with my kids, watching TV series for hours on end.

Related Posts

NGX
Equities

Dangote Sugar, Oando lead gainers as All-Share Index smashes 120,000 mark; SWOOTs rally 

June 26, 2025
Falling sugar prices to boost profits for Dangote Sugar, BUA, and Golden Penny
Commodities

Falling sugar prices to boost profits for Dangote Sugar, BUA, and Golden Penny

June 11, 2025
Nestle Nigeria Plc posts N255 billion pre-tax losses in first nine months of 2024 
Equities

BUA Foods, Nestlé, NASCON, Cadbury or Dangote Sugar — Who offers the best value? 

May 14, 2025
companies
Equities

Leading Nigerian companies incurred net FX losses of N22.2 billion in Q1 2025, down 98% year-on-year

May 6, 2025
Banking Fraud
Cryptos

FBI report reveals crypto investment scams accounted for $5.8 billion of 2024 fraud losses 

April 24, 2025
Sen. Hadi Sirika,
Legal & Regulations

Alleged N19.4 billion fraud: Procurement Director testifies against Ex-Aviation Minister, Sirika 

April 7, 2025
Next Post
Diamond bank

Diamond Bank reveals story behind half year result (2017 HY)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • 10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 
  • Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 
  • HealthCap Africa launches HealthTech Unicorns Report 2.0 in Lagos, charts bold future for Africa’s health innovation

Follow us on social media:

Recent News

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

10 Lagos hospitals delivering advanced surgeries and challenging outbound medical tourism 

July 12, 2025
Geregu Power PLC wins “Most Compliant Listed Company” at 2024 Made of Africa Awards  

Geregu Power reports N13 billion Q2 2025 profit, up 61% YoY, beats Q2 forecast 

July 12, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics