BusinessDayNG has sent shockwaves through Nigeria’s political and business spheres with its latest revelation on social media platform X. Leaked documents have surfaced, exposing an offshore company co-owned by Oluwaseyi Tinubu, son of President Bola Tinubu, and Ronald Chagoury Jr., son of billionaire mogul Ronald Chagoury. This disclosure has ignited a firestorm of controversy, as the company is now at the center of explosive allegations of contract favoritism.
The offshore entity, discreetly incorporated eight years ago in the British Virgin Islands, has been thrust into the spotlight following the award of a staggering $13 billion contract to Hitech Construction Company Ltd., a subsidiary of the Chagoury Group. The contract, which involves the construction of a 700-kilometer Lagos-Calabar coastal highway, was awarded without a public bidding process—a move that has drawn sharp criticism and raised serious concerns about transparency and corruption.
Critics are pointing to the deep-rooted personal and business ties between the Tinubu and Chagoury families as a potential influence behind the decision. The revelation of their sons’ joint offshore venture has only fueled suspicions, with many questioning the integrity of the process and the potential abuse of power at the highest levels of government.
This scandal is rapidly gaining traction, with Nigerians demanding accountability and a thorough investigation into the allegations. As the public outcry grows, the situation threatens to escalate into one of the most significant corruption
controversies of President Tinubu’s administration.
For a deeper dive into this unfolding scandal, click the link below to read more:
businessday.ng/news/article/d…
#Nigeria #Corruption #SeyiTinubu #BusinessDay #ContractScandal
PIONEER NEWS 