BUSINESS DAY
Ronald Chagoury jr recently appeared in the news over his relationship and co-ownership of an offshore company with Nigeria’s president’s son, Seyi Tinubu.
Chagoury jr was birthed by popular billionaire, Ronald Chagoury, co-founder of Chagoury Group. According to a leaked document, BusinessDay earlier reported that Junior and Seyi are ‘partners’ in business.
The $13 billion contract awarded to the company to build a 700-kilometre Lagos-Calabar coastal highway, was not a fresh start of the relationship between Chagoury and Tinubu.
The Chagoury brothers – Ronald and Gilbert, have long been associated with President Bola Tinubu, with their business empire – Chagoury Group – benefiting from various government contracts over the years.
While flagging off the controversial coastal highway in May, the president applauded” the Chagoury brothers “for being worthy stakeholders and for believing in the future of Nigeria.”
In 2007, while Tinubu was the governor of Lagos state, he was said to have granted the Chagoury Group title, 10 million square meters of land on the seashore of Lagos.
In 2016, Fox News reported that the State Department sought a land deal with the Chagoury Group tied to the Clinton Foundation.
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