Dangote truck drivers raise alarm over harassment by new retail investors

Truck drivers working for the Dangote Group have raised concerns over alleged harassment by newly minted retail investors following the launch of the Dangote Petroleum Refinery and Petrochemicals Initial Public Offering (IPO).

In a video translated from Hausa to English by Economic Confidential, one of the drivers said random individuals had started stopping him on the road and claiming co-ownership of the truck because they had purchased shares in the company.

According to the driver, the situation had become “unbearable.”

“Yesterday, I was offloading goods when someone came on a motorcycle. After greeting me, he asked, ‘My friend, how is our truck?’ I was confused. He then said he now owns shares in Dangote,” the driver recounted.

He added that another individual in a taxi stopped him and warned him against careless driving, threatening to recommend his dismissal because he was also a new shareholder.

The driver stressed that while Nigerians were welcome to invest in the refinery, owning shares did not confer ownership of company assets or authority over its workers.

“Let me make this clear: nobody should stop me or tell me to be careful with the Dangote truck. The shares you bought are yours and have nothing to do with my job. Since the IPO launched yesterday, three people have already approached me to tell me to drive carefully,” he said.

He appealed to members of the public to stop harassing truck operators, noting that their work was demanding enough without unsolicited interruptions from excited shareholders.

The Dangote Petroleum Refinery and Petrochemicals formally launched its IPO on Monday, September 14, 2026.

The company is offering 4.1 billion ordinary shares at ₦525 each, targeting to raise approximately ₦2.15 trillion ($1.6 billion). The minimum subscription is 10 shares.

The offer opened on the Nigerian Exchange and will close on October 13, with listing expected in November 2026.

Founder of the company, Aliko Dangote, said the IPO was designed to give millions of Nigerians and Africans an opportunity to own a stake in the continent’s largest refinery while raising capital for expansion.
Source: PRNigeria