Chagoury Group has enjoyed a frontman role in Lagos’ infrastructure projects, including road construction in Victoria Island and Ikoyi, as well as the Eko Atlantic project. His companies are also leading the first phase of the Lagos-Calabar coastal road.
Analysts at Africa Intelligence say the business ties between Chagoury and the Tinubu administration extend beyond these contracts.
Recall also that another Chagoury-owned company, Hitech Construction, for the Lagos-Calabar coastal highway, a major infrastructure project spanning eight states. That contract, valued at over N15 trillion, faced scrutiny, though the government defended its choice, citing Hitech’s expertise in concrete paving.
Indications show that the links between the Chagoury family and the Tinubu clan are numerous. The president’s son, Oluwaseyi Tinubu, known as Seyi Tinubu, is on the board of CDK Integrated Industries, another subsidiary of the Chagoury group.
No doubt, President Tinubu has since taking office in 2023 awarded numerous contracts to the Lebanese-Nigerian businessman, who backed him during his election campaign and is expected to play a major role in his bid for re-election in 2027, political speculators say.
