This Day (Lagos)

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.

Ads by Google

Copyright © 2012 This Day. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.