Clintons aide, Doug Band, even invited Chagoury to his wedding. For the last three decades, Chagoury spent at least a few months each year in Beverly Hills, where he owns an 18,000-square-foot estate, once the home of actor Danny Thomas, with commanding views of West Los Angeles and the ocean. Chagoury was known to have funded Aoun, a Lebanese government minister told then-Ambassador Jeffrey D. Feltman in 2007, according to a cable published by WikiLeaks that didnt go in detail about Chagourys relationship with Aoun. All Rights Reserved. With a legion of political and business stooges, cronies and proxies working for him, he is able to conduct his affairs largely out of public glare while making several dress rehearsals to once again get his grip on the Nigerian presidency. []. -major contractor an offshore company registered in tax haven, British Virgin Islands. Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. Soon after President Clinton named Donald E. McHenry a special envoy to Nigeria in 1995, Gilbert and Ronald Chagoury visited McHenry in his office at Georgetown University in Washington. Do you want a free trial before subscribing? With brother Ronald Chagoury in partnership, the Chagoury industrial and financial empire has grown to encompass a multi-faceted business conglomerate determined to break the myths and perceptions of African developmental limitations. The company is currently working on Eko Atlantic, a new city construction project located off Victoria Island, adjacent to Lagos. Operating under the Chagoury Group an industrial conglomerate founded in 1971 with interests in almost every viable sector in Nigeria; the groups net worth, according to Forbes, is about $4.2 billion. A lock ( THIRD FORCE: THE FARCE AND FIASCO OF THE FIGHT. The 75-year-old Nigerian billionaire of Lebanese descent has been living in Paris, France since 2015, after he fell out of favor with the new political establishment in Nigeria led by President Muhammadu Buhari. Primary Income source Businessperson (profession). Ronald Chagoury was born in Nigeria on January 8, 1949. [], The former governor of Lagos, Bola Tinubu, easily secured the candidacy of the ruling party All Progressives Congress with the support of key figures that will back him in his race for president in February 2023. Lets check, How Rich is Ronald Chagoury in 2019-2020? Born on January 8th, 1946 in Nigeria to Lebanese immigrant parents, Gilbert's happy childhood years growing up as one of eight siblings gave him a sense of freedom and fearlessness familiar to many children growing up in Africa. Trumps immigration pivot: Will he be the latest Republican to alienate the base? That was the situation until power changed hands in Nigeria in 2015. The Chagoury brothers own the prestigious Eko Hotel & Suites, HITECH Construction Company and ITB Construction Limited. The United States Justice Department on Tuesday, charged Nigerian billionaire, Gilbert Ramez Chagoury with one count of scheming to falsify and conceal material facts and two counts of making false and misleading statements to federal investigators during an investigation into illegal contributions he made to the re-election campaign of Nebraska Republican Congressman, Rep. Jeff Fortenberry. Chagoury, who denied knowing the funds were stolen, paid a fine of 1 million Swiss francs, then about $600,000, and gave back $65 million to Nigeria; a Swiss conviction was expunged, a spokesman for Chagoury said. Global Upfront Newspapers, published by AB Publications Ltd, is an independent newspaper with a mandate to produce daily up to date news reports, features, opinions and other special publications that will be useful and trusted by the reading public. Another Homeland Security document shows agents citing unspecified suspicions of links to terrorism, which can include financing extremist organizations; Chagoury later told reporters that agents asked him what bank he used in Nigeria. 2023 Manpower Nigeria. At a 2009 Clinton Global Initiative conference, where business and charity leaders pledge to complete projects, the Chagoury Groups Eko Atlantic development nine square kilometers of Lagos coastal land reclaimed by a seawall was singled out for praise. THE AFTERMATH OF ARRESTING AND CALLING AN ACCOUNTANT TO ACCOUNT., Foreign vessels fly Nigerian flag, corner 10-billion-dollar maritime contracts under false pretexts. RELATED STORIES. Ronald Chagoury current age 70 years old. The idea behind it was how we could reclaim all the . Of course not. Later, LaHood also made misleading statements to FBI agents investigating Chagoury about the check and its source. [], Oil theft in Nigeria's Niger Delta region has become rampant. He walked the labyrinth of Nigerias power corridor through successive military regimes, striking gold under the late military strongman, General Sani Abacha, to whom he was a personal economic advisor. Ronald Chagoury estimated Net Worth, Salary, Income, Cars, Lifestyles & many more details have been updated below. Federal prosecutors entered into the deferred prosecution agreement considering, among other factors, Chagourys unique assistance to the U.S. government, his payment of a fine, Chagourys acceptance of responsibility for his actions, and his residence outside the United States. Ronald Chagourys height Unknown & weight Not Available right. "Lagos has about 2500 hotels, but in terms of bookings, it has about 35-40% of all hotel bookings in Nigeria."In our second episode today, Vice-Chairman Eko . The Lebanese also exported his service to yet another African country; this time Chad and its President Idriss Deby who in 2005 bestowed on the businessman a national honour the Ordre National du Tchad with the rank of Commander. Ronald Chagoury (born 8 January 1949) is a Nigerian businessman, the co-founder (with his billionaire brother Gilbert Chagoury), and CEO of the Chagoury Group. After Abachas death in 1998, the Nigerian government hired lawyers to track down the money. Calinecontinually looks to the advancement of her home, Lagos, Nigeria, through building businesses, establishing spaces for the Arts of Africa to flourish, and empowering artists to reach their full potential. A federal grand jury also indicted Rep. Fortenberry, alleging that the Nebraska GOP congressman concealed information and made false statements to authorities. Earlier in 2010, the multi-billionaire was pulled off his private jet in New Jersey, USA and detained for several hours after FBI agents discovered his name on a recently updated no-fly list. Check back often as we will continue to update this page with new relationship details. The private jet wasted no time in taking off as soon as it had landed. He said that Chagourys lawyers resolved the issue and that he never asked anyone else for help. Chagoury is alleged to have bankrolled the election campaign of then President Goodluck Jonathan who was defeated by Buhari. In 2005 Laurent graduated from the American University of Paris with a Bachelor of Arts degree in Business Administration and soon went on to work in the finance industry across Europe. Buttering up Buhari Tinubu and Chagoury have helped each other out many times. Comprehensive company profiles. During the rule of Gen. Sani Abacha, who seized power in Nigeria in 1993, Chagoury prospered, receiving development deals and oil franchises. Its increasingly unpopular leader Ibrahim el-Zakzaky has lost support from Iran and is battling to keep his job. Sign up for real-time alerts and be notified of new editions! For Ronald, sustainability. Caline Chagoury - Executive Member Caline continually looks to the advancement of her home, Lagos, Nigeria, through building businesses, establishing spaces for the Arts of Africa to flourish, and empowering artists to reach their full potential. He returned to hibernation for backing the wrong horse but recently began to stage a comeback hosting in Paris last July, the presidential candidate of the All Progressive Congress (APC), Bola Ahmed Tinubu. He earned the money being a professional Businessperson. Gilbert and brother Ronald Chagoury visited McHenry in his office at Georgetown University in Washington. He sold shoes and cars in Nigeria, according to a biography on his website, before marrying the daughter of a prominent Nigerian businessman. According to the Justice Department, on Oct. 21, Joseph Arsan at Chagoury's direction wired $30,000 to Ayoub, indicating on the wire form that the funds were for a "wedding gift." Operating under the Chagoury Group an industrial conglomerate founded in 1971 with interests in almost every viable sector in Nigeria. He is married to Rose-Marie Chamchoum, also a Lebanese with links to Niger Republic. The family has an estimated wealth of $4.2 billion. A 2013 FBI intelligence report, citing unverified raw information from a source, claimed Chagoury had sent funds to Aoun, who transferred money to Hezbollah. When he set up his first company in Nigeria during the military era, state capture was the obvious business plan of Lebanese business mogul, Gilbert Ramez Chagoury. [1], Chagoury is married to Berthe, and they have two children. Ronald Chagoury. Let's check, How Rich is Ong, Keji Giwa estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below. Los Angeles Times. During a 2013 dedication ceremony in Lagos, just after Hillary Clinton left her post as secretary of State, Bill Clinton lauded the $1 billion Eko Atlantic as an example to the world of how to fight climate change. Gen. Mythili Raman later said. Born in Lagos, Nigeria by immigrant parents in the 1930s, Gilbert hes all-in-all a Nigerian albeit of Lebanese blood and Ronald owned a number of great investments in Nigeria. Its grand cheerleaders boast that upon completion, the new Eko Atlantic would match New Yorks Manhattan. Your email address will not be published. Get the latest News and updates of issues from Nigeria, Africa and around the World, direct into mailbox. ciaran.mcevoy@usdoj.gov Chagoury never got a scolding, though. Two months ago, James Entwistle, then the U.S. ambassador to Nigeria, wrote to Washington, asking permission to sign a 99-year lease. Ronald Chagoury keeps his personal and love life private. Ronald Chagoury Jr. is the Vice Chairman of South Energyx Nigeria Limited, which is part of the Chagoury Group, a multinational business conglomerate based in Lagos, Nigeria. All Rights Reserved. He has used some of that money to build political connections. All of the children studied at the American University in Paris and both Gilbert-Antoine and Christopher graduated from New York universities. He was admitted to the New York bar in 2006 and practiced law in the United States for 2 years. You can modify or delete your notifications or summaries in your account. It cited terrorism-related grounds, a broad category that can apply to anyone believed to have assisted a terrorist group in any way, including providing money. Al Anany. Chagoury also has given to Republicans: He and his brother, along with Eko Atlantic, are listed as sponsors for a 2014 art exhibit at the George W. Bush Presidential Center. But with the coming to power of President Muhammadu Buhari, coupled with his mention in the then email scandal involving former United States first lady and Secretary Hillary Clinton, among other issues in the US, Chagoury mellowed for some time before he finally left Nigeria. He is one of the Richest Businessperson who was born in Nigeria. Growing up steeped in the cultural traditions of two countries, Lebanon and Nigeria, Ronald quickly realised that his adopted country cried out for mechanisms to harness the boundless talents of its peoples. List of marketing cookies: Twitter pixel. Band declined to comment for this story. At a 2009 Clinton Global Initiative conference, where business and charity leaders pledge to complete projects, the Chagoury Groups Eko Atlantic development nine square kilometers of Lagos coastal land reclaimed by a seawall was singled out for praise. Some of the big contracts given to the Chagoury Group in Nigeria include the State Security Headquarters the State Security Headquarters Building in Abuja, Nigeria; heNigerian Defence Academy; Ocean Parade Towers, a luxury residential development onBanana IslandLagos; the National Assembly Complex inAbuja; 800 units staff housing complex for ALSCONs Aluminium Smelter Plant; a housing, school and leisure complex for Elf Petroleum Nigeria Limited; a foreshore development project on Osborne Road Ikoyi; a 13-floor residential development project on Victoria Island; 19-floor Intercontinental Hotel onVictoria Island; a new headquarter for Magnum Trust Bank; and the new headquarters and office complex for TOTAL oil company in Port Harcourt. Gilbert and Ronald Chagoury founded C & C Construction in the late 1970s, which was the forerunner of Hitech and ITB. United States Attorneys Office Newly released documents, obtained by the conservative watchdog group . Have a question about Government Services? A spokesman for Clintons campaign noted that the State Department has said the process has been managed by career real estate professionals.. This service is completely free of charge. Chagoury was born in 1946 in Lagos to Lebanese parents, and as a child attended school in Lebanon. In 2012, Baaklini handed LaHood a $50,000 personal check with the word "loan" written on it. Trump is encouraging and amplifying the message of a radical fringe of conservatives, Clinton says. "If 2 percent can afford it, or 5 percent, that will be . This Nigerian business-related biographical article is a stub. Gilbert Chagoury, a major donor to the Clinton Foundation, was denied entry to the U.S. last year by the State Department. Krkous successor Boni Yayi in 2006 told Gilbert Chagoury to also advice him. Industry watchers say that Tin Can practically belongs to the Chagoury family. Over the years, Chagoury attended Clintons 60th birthday fundraiser and helped arrange a visit to St. Lucia, where the former president was paid $100,000 for a speech. Lock For the last three decades, Corallo said, Chagoury spent at least a few months each year in Beverly Hills, where he owns an 18,000-square-foot estate, once the home of actor Danny Thomas, with commanding views of West Los Angeles and the ocean. Continue with Recommended Cookies. 14 Followers. Suite 1200 Omumu nwa nke mb, na abal asat na af 1949 (odi af iri asaa na at) na Benin City no na Naijiria.Ag umakwukwo College des Frres Chrtiennes.. S. Ronald Chagoury (a mr ya n'bch nke asat n'nwa Jenwar n'af 1949) b onye chnta ego Naijiria, onye nchoputa (ya na nwanne ya nwoke Gilbert Chagoury), na onye isi oche nke Chagoury Group. Together with his brother,Gilbert Chagoury, he has formed a partnership that has helped the Chagoury industrial and financial empire growto encompass a multi-faceted business chain, determined to break the myths and perceptions of African developmental limitations. He received hostilities from the President Olusegun Obasanjo government culminating in a 2004 sting operation by Nuhu Ribadu, Chairman of the Economic and Financial Crimes Commission (EFCC) to arrest him and seize his private jet as Chagoury attempted a secret entry into Nigeria a country he had been forced to flee in the wake of Abachas death. 3. He is the owner of the giant Eko Hotel & Suites in Lagos and the groundbreaking Eko Atlantic City. 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Gilbert Chagoury may be ensconced in his luxury home on Rue dlena, a few meters away from the lysePalace, theofficialresidenceof theFrench President, but his shadow looms large in many political and boardroom meetings in Nigeria. We need Gilbert Chagoury to speak to the substance guy re Lebanon. Read our free content to get a better idea of our editorial identity, This offer is open to all new subscribers and runs until 17/03/2023, Reputedly Africa's richest man, Nigerian industrialist Aliko Dangote continues to extend the reach of his "grey gold" realm. Designed by FixIT Services. All rights reserved. N177 Billion Scam: Fugitive arms dealer Aboubacar Hima floats new company Prininvest Inc. Its still for sale. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. As you know hes key guy there and to us and is loved in Lebanon. Gilbert was sent to study at the College des Freres Chretiens in Lebanon and after returning to Nigeria began a promising business career, rising quickly to become Director of Sales for a Nigerian car company. Before joining The Times in 2012, he worked at the Philadelphia Inquirer, where he was a reporter and investigations editor, and at the Miami Herald, the Press of Atlantic City and the Williamsport Sun-Gazette. Chagourys plans for the future include tying up the best of African industry to the resource needs of China, India and Latin America. It was this commitment which focussed Gilberts development of a business empire, almost entirely based in Africa. Prior to this role, she was Deputy Managing Director at AIM Group, a multi-disciplinary group providing services in Architecture and Engineering . by the website. Co-founders, in 1971, of the Chagoury Group, brothers Gilbert and Roland Chagoury are, at the age of 70, the head of a very diversified conglomerate (construction, real estate, milling, bottling, insurance, hotels, telecoms, etc.) He aims high, targeting resource-rich or vulnerable third-world countries, and then finds a way of attaching a puppet string to the neck of that countrys president. Ronald Chagoury Jr. was born on January 8th, 1949 in Lagos State, Nigeria, to Lebanese immigrant parents, Ramez and Alice Chagoury. Others are Eko Hotel and Suites Lagos, Hotel Presidential Port Harcourt, Courdeau Catering, Convention Centre, Ideal Flour Mills Kaduna, Niger Delta Flour Mills, Grands Moulins Du Benin and Nigerian Eagle Flour Mills whose products include Semolina; popularly called Semo. Soon after President Clinton named Donald E. McHenry a special envoy to Nigeria in 1995, Gilbert and brother Ronald Chagoury visited McHenry in his office at Georgetown University in Washington. Corallo did not answer questions about the visa denial, but said Chagoury has been a friend and supporter of America all his life and that any allegation that Mr. Chagoury is involved in any way with providing material support to any terrorist organization, of any stripe, is false, outrageous and defamatory. He said Chagoury has no business interests in Lebanon. Chagoury wanted only to pass along insights on Lebanese politics, Corallo said, adding that nothing ever came of it and that Chagoury never talked to anyone at the State Department. Chagoury entered into the agreement on October 19, 2019, and he paid the fine in December 2019. He co-founded the Chagoury Group with his younger brother Ronald Chagoury in 1971. With hisbusiness knowledge fully attuned, he quickly took oversight of the construction and civilengineering development of the Chagoury Group. Clintons aide, Doug Band, even invited Chagoury to his wedding. In 2010, he was pulled off a private jet in Teterboro, N.J., and questioned for four hours because he was on the Department of Homeland Securitys no-fly list. Discover businesses, people, places and things in and outside Nigeria. Dating is to describe a stage in a persons life when he or she is actively pursuing romantic relationships with different people. Ronald Chagoury Jr. is the Vice Chairman of South Energyx Nigeria Limited. His business empire has interests in construction, real estate,. The State . Times tracking poll differs from other surveys. Ronald Chagoury. Upon returning to Nigeria he joined the Chagoury Group and now oversees various companies within the group. His parents, Ramez and Alice Chagoury were Lebanese immigrants who raised all their children in Nigeria, a country they had both come to love passionately. Valuable research and technology reports. In the years afterward, Chagourys wealth grew. He left in 2018. The billionaire was then shuttling London, Beirut and Dubai to attend to business concerns personally until recently when he finally settled for Paris as his new base where he was plucked to be. Google's Sparrow will Kill ChatGPT It is Microsoft Teams vs. The Clinton Foundation and a spokesman for Bill Clinton did not respond to requests for comment. In spite of his network of powerful friends, Chagoury has aroused the suspicions of U.S. security officials. Gilberts commitment to African development was further cemented following his marriage to Rose Marie Chamchoun, the daughter of a successful businessman operating in Niger and Benin. 2018 Chagoury Group. Since the 1990s, Chagoury has also cultivated a friendship with the Clinton family in part by writing large checks, including a contribution of at least $1 million to the Clinton Foundation. Gilbert Chagoury, 64, a Nigerian citizen of Lebanese descent, was pulled off a private jet Jan. 15 at Teterboro airport in New Jersey and detained for more than four hours after federal agents . His family conglomerate now controls a host of businesses, including construction companies, flour mills, manufacturing plants and real estate. Beneficial Ownership: Oil Fields OML 112 and OML 117 belongs to father of Niger State governor, INVESTIGATION: How Petronor OML Joint Venture was brokered, OML-29 Saga Knives out over $2.7 billion as 7 Nigerian banks battle in London court, How Defence products expanded Nigeria-Turkey trade volume. Chagoury also contributed $1 million to $5 . Based out of Lagos, Nigeria, Ronald Chagoury Jr. is a Representative of the Chagoury Group and Vice Chairman of Eko Atlantic, a division of the Chagoury Group. Lahood also made misleading statements to authorities scolding, though clintons campaign noted that the State.. 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