Chagoury Brothers are Back.
*President Bola Tinubu has awarded him a $13 billion Lagos to Calabar Coastal Highway contract through his company Hitech.
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The Return of the Lebanese Brothers
Gilbert Chagoury and his younger brother – Ronald Chagoury a.k.a The Lebanese Brothers are back.
They were pursued out of Nigeria by President Obasanjo
President Goodluck Jonathan brought them back
President Buhari entered and pursued them
President Bola Tinubu has brought them back.
With a networth of $4.5 billion according to Forbes, Gilbert Chagoury is the 4th richest Nigerian though he is no longer resident in Nigeria but over 50% of his income comes from Nigeria and West Africa.
Gilbert Chagoury was a Special Adviser to General Sani Abacha. New York Times called him Abacha’s Fixer. In 2004 Nuhu Ribadu said that Gilbert Chagoury was the conduit pipe through which Abacha laundered money.
Abacha awarded him the construction of The National Assembly Complex Abuja,The Nigerian Defence Academy
and State Security Headquarters Abuja.
In 1998, he was one of the largest financial supporters of Bola Tinubu during the Lagos Gubernatorial election. And he has been a long time business partner of President Bola Ahmed Tinubu. Infact Tinubu’s son Seyi is a Director in the billion-dollar Chagoury Group.
Now President Bola Tinubu has awarded him a $13 billion Lagos to Calabar Coastal Highway contract through his company Hitech.
Those opposed to the project wonders why a country with poor internal roads is investing $13 billion on Coastal Highway. They guess that such a project will be easier to pay for and then abandoned.
Bola Tinubu’s opponents in the last general elections said the President might be compensating him for something with Nigeria’s resources.
