HomeNewsAtiku Accuses Tinubu of Conflicts of Interest Over Son's Business Ties

Atiku Accuses Tinubu of Conflicts of Interest Over Son’s Business Ties

Published on

Former Vice President Atiku Abubakar has accused President Bola Tinubu of conflicts of interest, alleging that Tinubu’s son, Seyi, holds a director position on the board of CDK Integrated Industries, a company linked to businessman Gilbert Chagoury. Atiku claims this relationship has resulted in preferential treatment for Chagoury’s businesses, particularly in the construction of the Lagos-Calabar highway.

Atiku’s allegations stem from a report by the Paris-based Africa Intelligence News Agency, which disclosed Seyi Tinubu’s business ties with Chagoury, established through the Corporate Affairs Commission. Atiku asserts that this connection has significantly benefitted Chagoury, particularly with the assignment of the Lagos-Calabar highway project to Chagoury’s construction firm, Hitech, without a competitive bidding process.

The former Vice President emphasized the problematic nature of this project, which, at over $13 billion, stands as the most expensive single project undertaken by the Nigerian government, especially during an economic crisis. Atiku criticized the lack of transparency and the rapid progress of the project as indicative of a relationship that places personal and familial business interests above national welfare.

Moreover, Atiku pointed to the demolition of tourist and recreational facilities in the Oniru corridor, including parts of Landmark, without sufficient notice, as a deterrent to foreign direct investment and a poor reflection on Nigeria’s business environment. He accused the Tinubu administration of sacrificing the ease of doing business and national interest for personal gain.

In his statement, Atiku called for less propaganda from Tinubu and his team and urged a focus on policies that improve the business environment, which he believes is the only sustainable path forward for Nigeria. Atiku’s critique highlights concerns over governance practices and the prioritization of personal interests in government projects, urging a reevaluation of priorities to foster a more transparent and investment-friendly atmosphere in Nigeria.

Latest articles

Tinubu Approves 15 Percent Import Duty on Petrol and Diesel

President Tinubu has approved a 15 percent import duty on petrol and diesel imports to strengthen local refining and stabilise the domestic oil market

IHS Nigeria Cuts Fuel Use By 50 Million Liters Through Project Green

IHS Nigeria cut diesel use by 50 million liters after investing $750 million in hybrid and solar power systems.

Lagos Waterfront Demolition Leaves Oworonshoki Families Homeless, Desperate

Hundreds of Oworonshoki residents remain homeless after a midnight demolition left families struggling to survive in open fields.

Nigeria’s Service Chiefs Outline Plans To Tackle Security Challenges

Nigeria’s new military leaders outlined clear plans to strengthen internal security and called for reforms in the police system.

More like this

Tinubu Approves 15 Percent Import Duty on Petrol and Diesel

President Tinubu has approved a 15 percent import duty on petrol and diesel imports to strengthen local refining and stabilise the domestic oil market

IHS Nigeria Cuts Fuel Use By 50 Million Liters Through Project Green

IHS Nigeria cut diesel use by 50 million liters after investing $750 million in hybrid and solar power systems.

Lagos Waterfront Demolition Leaves Oworonshoki Families Homeless, Desperate

Hundreds of Oworonshoki residents remain homeless after a midnight demolition left families struggling to survive in open fields.