Dangote Petroleum Refinery and Petrochemicals FZE has approved 32 financial and investment platforms through which prospective investors can subscribe to its shares ahead of the company’s planned public offer.

The company made this known on Thursday through its official Initial Public Offering (IPO) website, outlining the authorised channels available to investors.

According to the company, the approved platforms comprise 19 banks, 10 fintech companies, two mobile network operators and NGX Invest.

It urged investors interested in the offer to use only the approved channels, warning against making subscriptions through unauthorised platforms.

“Only subscribe through the channels listed on this page. Do not subscribe through any channel not confirmed here.

“The approval of the channels is part of measures to guide investors and ensure that subscriptions for the refinery’s shares are made through authorised platforms,” the company said.

Dangote Refinery further advised prospective subscribers to confirm the status of the platforms through its official IPO website before proceeding with their investments.

The 19 approved banks are Access Bank, Ecobank, FCMB, Fidelity Bank, FirstBank, Globus Bank, GTCO, Jaiz Bank, Keystone Bank, Lotus Bank, PremiumTrust Bank, Providus Bank, Stanbic IBTC, Sterling Bank, TAJ Bank, UBA, Union Bank, Wema Bank and Zenith Bank.

The fintech and investment platforms authorised to process subscriptions are Bamboo, Flutterwave, InvestNaija, Ladder, Moniepoint, Paga, Payaza, PiggyVest, Vetiva Invest and we.yan.

The two approved mobile network operators are Airtel SmartCash and MTN MoMo, while NGX Invest also made the list of authorised subscription channels.

The development is part of measures by the refinery to provide prospective investors with recognised channels for participating in its share offer and to reduce the risk of subscriptions being made through unauthorised platforms.

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