Two years after a truce brokered by former Kano State Governor Abdullahi Ganduje, Dangote Group's Aliko Dangote and BUA Group's Abdussamad Rabiu have rekindled their rivalry. Despite their initial agreement to work together for the country's growth and development, both organizations are now at odds.
Dangote Group has accused BUA Group of orchestrating a media campaign disguised as a concerned citizen. Meanwhile, BUA recalled past attempts by Dangote to hinder its business operations. The dispute has taken the form of public statements and media campaigns.
Dangote Group dismissed allegations of illegal foreign exchange deals and money laundering amounting to $3.4 billion under the former Central Bank of Nigeria Governor Godwin Emefiele. BUA Group, in response, defended its resilience and recounted past business challenges with Dangote, including a court-sanctioned freeze of assets.
The ongoing conflict between these two influential businessmen is raising concerns about its potential impact on their respective businesses and the Nigerian business landscape. It remains to be seen how this rift will be resolved this time around, with no clear path to reconciliation in sight.
