Dangote Industries Limited disclosed that it has successfully repatriated a total of $687.98 million through various Nigerian banks.

This includes $576,008,672.41 channeled through Nigerian banks and an additional $111,968,109.38 facilitated through a cash swap arrangement between Dangote Cement Plc and Ethiopian Airlines.

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The company reiterated its unwavering commitment to Nigeria and its confidence in the government led by President Bola Ahmed Tinubu.

Dangote Industries emphasized that it is not merely a body-shop investor but a genuine and authentic contributor to the nation’s economy.

The company called upon relevant agencies to investigate its foreign exchange (FX) transactions over the past decade and make any identified infractions public.

The company underlined that all FX purchased for its African Project Expansion were legitimate and used for their intended purposes.

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Dangote Industries pointed out that the results of these investments are visible and well-documented, with numerous projects commissioned in the presence of high-ranking government officials, banking executives, industry leaders, and foreign dignitaries.

These commissioning events were widely covered by local and international media, serving as evidence of the diligent utilization of funds.