[BREAKING NEWS]:Nigerians In Trouble As Leaked Documents Reveals Tinubu’s Agreement with Controversial Business Tycoon

---

Leaked Documents Reveal Seyi Tinubu's Ties with Controversial Business Tycoon Chagoury

Leaked corporate documents have revealed that Seyi Tinubu, son of President Bola Tinubu, co-owned an offshore company with Ronald Chagoury Jr., son of billionaire Lebanese tycoon Ronald Chagoury. The company, which was incorporated eight years ago in the British Virgin Islands, has come under scrutiny following the awarding of a $13 billion contract to Hitech Construction Company Ltd., a subsidiary of the Chagoury Group, to construct a 700-kilometer Lagos-Calabar coastal highway.

The contract for the Lagos-Calabar Coastal Highway, a project of national importance, was awarded without a public bidding process, raising allegations of favoritism and corruption. Critics argue that the longstanding relationship between the Tinubu and Chagoury families may have unduly influenced the awarding of the contract.

Seyi Tinubu also serves as a director on the board of CDK Integrated Industries, another subsidiary of the Chagoury Group, further deepening concerns over potential conflicts of interest. Despite these concerns, Minister of Works David Umahi has defended the process, stating that it followed due procedure and that the matter is currently before the courts.

The leaked documents, part of an investigation by the International Consortium of Investigative Journalists, reveal that Oluwaseyi Tinubu was a majority shareholder in the offshore company alongside Ronald Chagoury Jr. The British Virgin Islands, known for its corporate anonymity, provided a veil of secrecy over their business dealings until now. The current ownership status of the company remains unclear, as neither party has responded to requests for comment.

This revelation has added to the growing controversies surrounding Seyi Tinubu, whose business ventures have often attracted public attention. His advertising company, Loatsad Promomedia, has been accused of benefiting from his father's political influence. Additionally, Seyi Tinubu has been linked to the acquisition of a $10.8 million London property through an offshore company, Aranda Overseas Corp., where he is listed as a principal shareholder. The property had previously been seized by Nigeria’s Economic and Financial Crimes Commission (EFCC) in connection with a corruption investigation involving Kola Aluko, a close associate of former Petroleum Minister Diezani Alison-Madueke.

These latest disclosures have fueled concerns about transparency and accountability in Nigeria, where corruption remains a significant issue. Transparency International’s latest Corruption Perception Index ranked Nigeria 145th out of 180 countries, highlighting the deep-rooted challenges facing the country.

As the situation unfolds, Seyi Tinubu's involvement in these controversial business dealings is likely to remain under intense scrutiny, particularly given the broader concerns about governance and corruption in Nigeria.