By Funso Alarape
Monday, May 6, 2024
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Former Vice President and the Peoples Democratic Party (PDP) presidential candidate in the last general election, Alhaji Atiku Abubakar, has criticized the alleged board membership of President Bola Tinubu’s son, Seyi, in a company belonging to Lebanese-Nigerian family, the Chagourys.
The Waziri Adamawa said, “Rather than improving the ease of doing business, the Tinubu administration had shown to the world that his personal business interest and that of his family would always be prioritized over and above national interest.” Atiku
In a statement last night in Abuja by his Media Adviser, Paul Ibe, the former Vice President accused Seyi of being a director on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group, which manufactures ceramic tiles and sanitary towels.
Citing a report by Paris-based Africa Intelligence News Agency where it was revealed by the Corporate Affairs Commission (CAC) that Seyi is officially a business associate of Chagoury, Atiku said: “Thanks to quality reporting by Africa Intelligence, our suspicions have been confirmed that Chagoury and Tinubu are indeed business partners and it has been formalized with Seyi on the board of one of Chagoury’s firms.”
The former Vice President noted that it was obvious that the Lagos-Calabar coastal highway was being done in a hurry because of the business relationship between the President and Gilbert Chagoury, the owner of Hitech and the contractor who got the coastal highway project.
Atiku said the business relationship contravened the nation’s procurement laws.
He stated, “The fact that President Bola Tinubu’s son and his surrogates are on the board of companies owned by Gilbert Chagoury constitutes a conflict of interest.
The former Vice President noted that “Tinubu’s son, Seyi, is a director on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group, which manufactures ceramic tiles and sanitary towels.”
He condemned the lack of proper notification as regards the demolition of properties in the Oniru corridor, including parts of Lagos State’s landmark, as well as tourist and recreational attractions, to make way for the Coastal Highway.
“It is on record that this project is the most expensive single project ever embarked upon by the Nigerian government; the fact that it is happening at a time when Nigeria is facing its worst economic crisis ever is a red flag.
“To add insult to injury, this project that is being for done more than $13 billion was awarded without competitive bidding. From all indications, the so-called Badagry-Sokoto highway would be awarded similarly at an enormous cost to taxpayers purely because Tinubu has put his interest ahead of the Nigerian people.”
Atiku alleged that the demolition of tourist and recreational facilities and other properties within the Oniru corridor, including parts of Landmark Resorts, without ample notice, was among the reasons foreign direct investments continued to elude the.
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