Atiku Raises Concerns Over Tinubu’s Alleged Family Business Prioritization, Seyi’s Ties to Chagoury Company
Written by Deborah Oyinloye on May 6, 2024
Former Vice President Atiku Abubakar has levelled accusations against President Bola Tinubu, suggesting that Tinubu’s family business interests take precedence over national concerns. Atiku’s statement came in response to revelations regarding Tinubu’s son’s association with a company linked to a business ally of the president.
According to Atiku’s Media Adviser, Paul Ibe, Tinubu’s son, Seyi, serves as a director on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group, which is involved in the construction of the Lagos-Calabar coastal highway project.
Citing a report by Africa Intelligence News Agency, Atiku emphasized the significance of Seyi’s position on the board, suggesting a formalized business relationship between Tinubu and Gilbert Chagoury, the owner of Hitech and the contractor for the coastal highway project.
Atiku raised concerns over the procurement process of the project, alleging that it bypassed competitive bidding, contrary to the nation’s procurement laws. He criticized the project’s exorbitant cost, exceeding $13 billion, amid Nigeria’s economic challenges.
Furthermore, Atiku highlighted the demolition of tourist and recreational facilities within the Oniru corridor, including parts of Landmark Resorts, attributing the lack of foreign direct investments to such actions.
Atiku’s accusations underscore tensions surrounding the alignment of personal interests with national projects, urging greater transparency and adherence to procurement regulations.
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Author: Deborah Oyinloye
With an interest in media, Deborah aims to impart the lives of people positively.
