LAGOS, Nigeria — Nigerian billionaire Femi Otedola has alleged that more than ₦2 trillion was siphoned during the administration of former President Goodluck Jonathan through questionable petrol subsidy claims tied to depot licences. In a statement issued on Monday, September 22, 2025, Otedola weighed in on the ongoing dispute between the Dangote Petroleum Refinery and the Depot and Petroleum Products Marketers Association of Nigeria (DAPPMAN). Otedola, a long-time critic of the subsidy regime, said the system was deliberately structured to benefit depot owners, with DAPPMAN emerging as the key beneficiary. The system was built to benefit depot owners, and DAPPMAN members became the primary beneficiaries,” he said. He advised DAPPMAN members to adapt to changes brought about by domestic refining and move away from a reliance on import-based infrastructure.