9 November 2012

Nigeria: Dangote Committee Raises N11 Billion for Flood Victims

The Dangote-Agbakoba Presidential Committee on Flood Relief Thursday realised over N11 billion in what was described as the first leg of its fund raising.

What was realised represents only about ten per cent of the N100 billion targeted by the committee.

Co-chairman of the 34-man committee, Aliko Dangote, and the Federal Government donated the sum of N2.5 billion each, making both the highest donors at the event held at the Banquet Hall, State House, Abuja.

Investigation revealed that banks, international and local oil companies and telecommunications companies did not make any donation.

Most of the banks pledged to donate after holding their board meetings to decide what to do.

The Ministers of Petroleum and Communication Technology pledged to mobilise the IOCs and telecommunications companies respectively, to respond to the donation.

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