By Blessing Daniel
Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 financial and investment platforms to process subscriptions for its shares ahead of its Initial Public Offering (IPO).
The company announced on Thursday through its official IPO website that the authorised channels comprise 19 banks, 10 fintech and investment platforms, two mobile money operators and NGX Invest.
Dangote Refinery warned prospective investors against subscribing through unauthorised platforms, urging them to verify approved channels on its official IPO website before making payments.
The approved banks include Access Bank, Ecobank, FCMB, Fidelity Bank, FirstBank, GTCO, UBA, Zenith Bank, Stanbic IBTC, Sterling Bank and Wema Bank, among others.
Approved fintech and investment platforms include Bamboo, Flutterwave, Moniepoint, Paga, PiggyVest and Vetiva Invest.
Airtel SmartCash and MTN MoMo were approved as mobile money subscription channels, alongside NGX Invest.
The company said the measure was designed to protect investors and ensure that subscriptions are processed only through authorised platforms.
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