IBD Impex Ltd has firmly denied allegations linking its Chairman, Chief Alhaji Ibrahim Dende Egungbohun (popularly known as IBD Dende), to the smuggling of foreign rice into Lagos markets, describing the claims as baseless, misleading, and a calculated smear campaign.
In a public memorandum signed by Adekunle Bamidele, Head of Media and Public Communications at IBD Impex Ltd, the company described the viral social media video circulating the allegations as a “deliberate smear campaign” aimed at discrediting a man whose only offence is “succeeding through legitimate enterprise.”
The video in question reportedly features a woman blindfolding herself while alleging that smuggled rice is being sold in local markets and falsely linking Chief Dende to the trade. However, the memorandum asserts that the clip is emotionally manipulative and lacks any factual or evidential basis.
“Alhaji Ibrahim Dende is not involved in any form of rice smuggling or economic sabotage,” the statement read. “He is a reputable businessman known for lawful operations and compliance with regulatory standards.”
The company also noted that several public figures and market stakeholders, including respected journalist Babajide Kolade Otitoju of TVC, Chief Ibiola Solaja (Iyalaje of Mushin), Alhaji Muftau Adisa (Babalojas), and prominent trader Stella Mide, have all debunked the allegations, describing them as mischievous and false.
Despite the social media storm, IBD Impex emphasized that Chief Dende remains undeterred, committed to ethical practices, and focused on his business.
“He remains a patriotic Nigerian and a law-abiding businessman, dedicated to national development and commercial integrity,” the statement concluded.
The company urged the general public, media professionals, and stakeholders to disregard the false video and refrain from spreading unverified claims, emphasizing the importance of truth, clarity, and responsible journalism.