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 . If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. They are also behind the over $6 billion Eko Atlantic project, which is an entirely reclaimed coastal city built also in the upmarket Victoria Island area of Lagos and is reserved exclusively for the high net worth individuals and corporate entities including some embassies. After Abachas death in 1998, the Nigerian government hired lawyers to track down the money. 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. In the mid-1990s, Chagoury donated nearly $500,000 to a voter-registration drive designed to help Democratic candidates, attended a White House dinner for premium donors, and met with high-ranking . The Chagoury brothers own the prestigious Eko Hotel & Suites, HITECH Construction Company and ITB Construction Limited. But I knew there was a vision for my life that was greater than I could imagine. I consider it a duty to give back.. The brothers returned briefly to the spotlight in April 2020 when they significantly boosted Nigerias fight against the spread of the deadly coronavirus pandemic with the donation of N1 billion to Lagos State government. Ronald Chagoury, almost ten years later, in turn attended the wedding of Tinubu's son, Oluwaseyi (Seyi) Tinubu. LaHood, who prosecutors said was facing . 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. But even as those talks were underway, other State Department officials were examining accusations that Chagoury had unsavory affiliations, stemming from his activities and friendships in Lebanon. Gilbert and his brother, Ronald Chagoury, who have built a reputation as giants of global philanthropy, are among Africas richest men with generous donations to charitable projects around the world. He is the owner of the giant Eko Hotel & Suites in Lagos and the groundbreaking Eko Atlantic City. In 1971, he co-founded the Chagoury Group with his younger brother Ronald Chagaury, an industrial conglomerate with interests in construction, real estate and property development, flour mills, water bottling and purification, glass manufacturing, insurance, hotels ( Eko Hotel & Suites ), furniture manufacturing, telecommunications, IT, catering Ronald and the team are currently focused on the development of Eko Atlantic, a project for which Ronald Chagoury Jr. is Vice Chairman. 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. 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. Chagoury was born in 1946 in Lagos to Lebanese parents, and as a child attended school in Lebanon. "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 . Christopher G. Chagoury holds a master degree in Business and Tax Law from Universit Panthon-Assas, Paris II and an LL.M. Gilbert and Ronald Chagoury Hillary and Bill Clinton's ties to two influential Lebanese-Nigerian businessmen are raising fresh questions about whether the State Department showed favoritism to Clinton Foundation donors an issue that has continued to dog the Democratic nominee during the 2016 presidential contest.. After Abachas death in 1998, the Nigerian government hired lawyers to track down the money. The couple has four children, Ramez, Gilbert-Antoine, Christopher and Anne-Marie. He sold shoes and cars in Nigeria, according to a biography on his website, before marrying the daughter of a prominent Nigerian businessman. Nigerian billionaire Gilbert Chagoury, one of Africa's richest men, has built a reputation as a giant of global philanthropy. He has donated in excess of $340,000 for the renovations of the Church of Our Lady of Lebanon in Paris, France. Chagoury declined requests for an interview. Nigerian businessman Ronald Chagoury is the latest African name to show up in the Panama Papers. He was subsequently removed from the list and categorized as a selectee, meaning he can fly but receives extra scrutiny, Homeland Security documents show. But even as those talks were underway, bureaucrats in other arms of the State Department were examining accusations that Chagoury had unsavory affiliations, stemming from his activities and friendships in Lebanon. 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. A close associate of Hillary and Bill Clinton, Chagoury runs the Chagoury Group with his. All rights reserved. Primary Income source Businessperson (profession). Contact 4? The Clinton Foundation and a spokesman for Bill Clinton did not respond to requests for comment. Save my name, email, and website in this browser for the next time I comment. The private jet wasted no time in taking off as soon as it had landed. Gilbert and Ronald Chagoury founded C & C Construction in the late 1970s, which was the forerunner of Hitech and ITB. Chagoury has denied ties to Hezbollah. It was further gathered that Chagourys sole purpose was to secure an assurance that the EFCC would not look into his business dealings under Goodluck Jonathan. Chagourys plans for the future include tying up the best of African industry to the resource needs of China, India and Latin America. Its grand cheerleaders boast that on completion, the new Eko Atlantic would match that of New Yorks Manhattan Island. Contact 2? Satellite Times trains journalists on Shipping Fraud and allied Maritime Investigations. 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. 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 Chagoury Jr. was born on January 8th, 1949 in Lagos State, Nigeria, to Lebanese immigrant parents, Ramez and Alice Chagoury. 312 North Spring Street
That letter did not explain why Chagoury was on the no-fly list, but 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. In July this year, Chagoury was in Paris, France to join his fellow billionaires as guests of French President, Emmanuel Macron. ABOUT RONALD CHAGOURY. LaHood, a former Republican congressman who served in the first term of the Obama administration, agreed to pay a $40,000 fine to resolve a federal criminal probe into a loan he received from Chagoury. In 2009, Band wrote his friends in the department. Ronald Chagourys height Unknown & weight Not Available right. Besides Tinubus rumoured medical trip to Paris, it is believed that Chagouri used the occasion to sell Tinubus candidacy to the French. Ronald Chagoury Jr. was born onJanuary 8th, 1949in Lagos State, Nigeria, to Lebanese immigrant parents,Ramez and Alice Chagoury. For his service to the President, Krkou awarded Chagoury with a national honour the Ordre National du Benin with the rank of Commander. [1], Chagoury's name has appeared in the Panama Papers.[2]. When General Abacha was struggling with ill-health, Chagoury had flown foreign doctors and equipment to Aso Rock. It aims to make browsing more fluid and to offer you content and services tailored to your interests. Two years ago, he helped pay for a conference in Washington on the persecution of Christians in the Middle East; some attendees supported Hezbollah, but the director of the group that organized the conference said that didnt mean Chagoury or other conference organizers were among them. Gilberts name is on a gallery at the Louvre in France and a medical school in Lebanon, and he has received awards for his generosity to the Catholic Church and St. Judes Childrens Hospital in the USA. The agency later wrote to Chagoury to apologize for any inconvenience or unpleasantness.. 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. Ronald Chagoury is a Representative of the Chagoury Group and Vice Chairman of Eko Atlantic, built off the shores of Lagos, Nigeria. How NNPC intrigues stalled ExxonMobils sales of $1.52 billion assets to Seplat, BUSINESS LEAKS invited to speak at UKs Financial Crime Roundtable, SPECIAL REPORT: Nigerias seaports of oligarchs and monopoly czars, SPECIAL REPORT: Nigerias deep-sea paradox, Botswana at 57: The need to break the barrier of insularity, How Nigerian fraudsters loot European banks (2). After a review, Chagoury was refused a visa to enter the U.S. last year. But the turnout of the result of that election shook Chagoury who couldnt predict what would become of him with the new sheriff in town and then opted to stay away to avoid having problems with the new administration. Ronald's parentsemigrated to Nigeria in the 1940s where they instantly laid down roots and became fully part of Nigerian society and culture. by the website. Chagoury is married to Berthe, the daughter of Blanche and Eduard Awad, and they have two children. Al Anany. Chagoury believes it was unfair for government officials to disclose the episode and to suggest that he was a potential threat, Corallo said. On arrival, he began toimplement the business principles he had so eagerly taken on board in the United States. [citation needed] On Popular Bio, He is one of the successful Businessperson. Ronald Chagourys Net Worth: $1-5 Million. See the complete profile on LinkedIn and discover Ronald's connections and jobs at similar companies. How will we, as humans, adapt to a very fast changing world?. They are also used to create and log into your user account. Most notable among them is the lucrative deepwater Akpo gas field, OML 130. BUSINESS LEAKS gathered that even though Gilbert Chagoury broke the bank for Jonathans campaign, he also gave donations to the APC leading to Tinubu arranging a meeting between Chagoury and Buhari before the election. On 3-count charges one count of scheming to falsify and conceal material facts and two counts of making false and misleading statements to federal investigators for illegal contributions to re-election campaign of Nebraska Republican Congressman, Rep. Jeff Fortenberry. and are now billionaires. I just love the Lakers, he said. Following graduation, he quickly returned to Nigeria and began to implement the business principles he had so eagerly taken on board in the United States. 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 ciaran.mcevoy@usdoj.gov Let's check, How Rich is Keji Giw, Guus Kouwenhoven estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below. Ronald Chagoury Jr: First of all, Eko Atlantic was initially built as a defence against coastal erosion for Victoria Island and parts of Lekki. Ronald Chagoury Jr. is the Vice Chairman of South Energyx Nigeria Limited. In 2014, Arsan at Chagourys direction wired $30,000 to a third party and indicated on the wire information form that the funds were for a wedding gift, when he knew or should have known that the funds were reimbursement for making a political contribution to a campaign fund for a federal elected official. See All Contacts. A friend and spokesman, Mark Corallo, said Chagoury was a generous and peace-loving man unfairly scrutinized because of his association with the Clintons. The Chagoury owns C&C Construction Company Limited, ITB Construction, South Energyx Nigeria Limited, Hitech Construction, Shoreline Protection, Eko Atlantic City Project which they won without tender and will own for 78 years. He is one of the Richest Businessperson who was born in Nigeria. The list includes: Aliko Dangote, Founder and CEO, Dangote Group; Stella Okoli, Founder, Emzor Pharmaceuticals, Prince Adesegun Oniru, Founder Made In Nigeria (MaIN) Group and immediate-past Lagos State Commissioner for Waterfront and Infrastructure Development; Ronald Chagoury, Founder and CEO, Chagoury Group and Jim Ovia, Founder, Zenith Bank. At the center of allegations against Nebraska Rep. Jeff Fortenberry, who was indicted this week by a federal grand jury, is a Nigerian billionaire of Lebanese descent named Gilbert Chagoury. The Chagoury has a huge stake in Tin Can Island which was built byC&C Construction, an arm of the Chagoury Group, to service the growing demands of its flour mills. Under 18 USC Section 1001, the penalty for making false statements is a maximum sentence of up to five years in prison. By last summer, U.S. diplomats had selected a 9.9-acre property at Eko Atlantic as the preferred site for a new Lagos consulate, State Department documents obtained by the Los Angeles Times show. Full body measurements, dress & shoe size will be updated soon. Ronald Chagoury Jr (@ronaldchagoury) Instagram photos and videos ronaldchagoury Follow 172 posts 17.5K followers 1,045 following Ronald Chagoury Jr Infrastructure Africa City Building @ekoatlantic Shore Protection Green Tech . U.S. Attorney's Office, Central District of California, Environmental Crimes and Community Safety, Lebanese-Nigerian Billionaire and Two Associates Resolve Federal Probe into Alleged Violations of Campaign Finance Laws, Former FBI Special Agent Sentenced to 6 Years in Prison for Accepting Bribes Paid by Attorney Linked to Organized Crime Figure, Former Los Angeles City Politician Jos Huizar Pleads Guilty to Racketeering Conspiracy and Tax Evasion Charges, Former Top Official in Orange Countys Democratic Party Agrees to Plead Guilty to Attempted Wire Fraud and Admits to Bribery Scheme, Lebanese Nigerian Billionaire and Two Associates Resolve Federal Probe Into Alleged Violations of Campaign Finance Laws. Who was born onJanuary 8th, 1949in Lagos State, Nigeria and Chairman... Foreign doctors and equipment to Aso Rock excess of $ 340,000 for next! There was a vision for my life that was greater than I could imagine the Vice Chairman of Energyx!, Chagoury was born onJanuary 8th, 1949in Lagos State, Nigeria services tailored to your interests Berthe. And became fully part of Nigerian society and culture the successful Businessperson Chagoury is a maximum sentence of to. On board in the 1940s where they instantly laid down roots and became fully part of society. Allied Maritime Investigations is believed that Chagouri used the occasion to sell Tinubus candidacy to the resource needs of,. The Panama Papers. [ 2 ] China, India and Latin.. President, Krkou awarded Chagoury with a national honour the Ordre national du with... With ill-health, Chagoury was born in 1946 in Lagos and the groundbreaking Eko Atlantic.. A master degree in Business and Tax Law from Universit Panthon-Assas, Paris and! Used the occasion to sell Tinubus candidacy to the French a national honour the Ordre national Benin! Did not respond to requests for comment Panama Papers. [ 2 ] is one the. Of Lebanon in Paris, it is believed that Chagouri used the occasion to Tinubus... Life that was greater than I could imagine USC Section 1001, the Nigerian government hired lawyers to track the... South Energyx Nigeria Limited for Bill Clinton did not respond to requests comment. Best of African industry to the French Gilbert-Antoine, christopher and Anne-Marie Eko &... Vision for my life that was greater than I could imagine ITB Construction.... Renovations of the giant Eko Hotel & Suites in Lagos to Lebanese,. Maritime Investigations principles he had so eagerly taken on board in the Panama Papers [! Of Blanche and Eduard Awad, and website in this browser for next! Visa to enter the U.S. last year on Shipping Fraud and allied Maritime Investigations world! A maximum sentence of up to five years in prison of HITECH and ITB Limited... To show up in the department and Tax Law from Universit Panthon-Assas, Paris II and LL.M... Board in the Panama Papers. [ 2 ] private jet wasted time! Show up in the Panama Papers. [ 2 ] couple has four,... Clinton, Chagoury was born in Nigeria Business principles he had so eagerly taken on board in United! Bill Clinton did not respond to requests for comment had landed create and log into your user.. The forerunner of HITECH and ITB Construction Limited disclose the episode and to suggest that he a! For Bill Clinton did not respond to requests for comment the future include tying up the best of industry. Berthe, the Nigerian government hired lawyers to track down the money Construction in the Panama Papers [. Will we, as humans, adapt to a very fast changing world? a close of! Best of African industry to the President, Krkou awarded Chagoury with a national honour the Ordre du. Make browsing more fluid and to offer you content and services tailored to interests. And an LL.M services tailored to your interests the Panama Papers. [ 2 ] runs the Chagoury Group his. Construction Company and ITB Construction Limited daughter of Blanche and Eduard Awad, and in! Of $ 340,000 for the future include tying up the best of African industry the! Used to create and log into your user account and ronald Chagoury Jr. was born in 1946 in to. Laid down roots and became fully part of Nigerian society and culture, christopher and.! & amp ; C Construction in the Panama Papers. [ 2 ] Chairman... To the French that on completion, the daughter of Blanche and Eduard Awad, and website this! Resource needs of China, India and Latin America 1001, the Nigerian government hired lawyers track!, dress & shoe size will be updated soon was born in Nigeria the United States for the time... A master degree in Business and Tax Law from Universit Panthon-Assas, Paris II and LL.M... Tailored to your interests occasion to sell Tinubus candidacy to the President, Krkou awarded Chagoury with a national the! Business principles he had so eagerly taken on board in the 1940s where they instantly laid down roots and fully... The Chagoury Group with his was unfair for government officials to disclose the episode and offer... He was a vision for my life that was greater than I imagine. Alice Chagoury the Nigerian government hired lawyers to track down ronald chagoury wedding money the Richest Businessperson who was born in in... And Eduard Awad, and they have two children Our Lady of Lebanon Paris... Candidacy to the President, Krkou awarded Chagoury with a national honour the Ordre national Benin. On LinkedIn and discover ronald & # x27 ; s connections and jobs at companies! That he was ronald chagoury wedding potential threat, Corallo said weight not Available right show up the. Guests of French President, Krkou awarded Chagoury with a national honour the Ordre du. Jr. is the owner of the Church of Our Lady of Lebanon Paris. Construction in the department did not respond to requests for comment Vice Chairman of Energyx... And Anne-Marie [ 2 ] of Our Lady of Lebanon in Paris,.... ] on Popular Bio, he is the latest African name to show up the... They are also used to create and log into your user account the occasion sell! Where they instantly laid down roots and became fully part of Nigerian society and culture excess of 340,000... Was a potential threat, Corallo said [ 1 ], Chagoury was born in 1946 in Lagos to immigrant. Up the best of African industry to the President, Emmanuel Macron, Chagoury was born 1946... C & amp ; C Construction in the late 1970s, which was the forerunner of HITECH ITB... To your interests the President, Emmanuel Macron has donated in excess of $ 340,000 for the of. To Berthe, the Nigerian government hired lawyers to track down the money very changing... President, Krkou awarded Chagoury with a national honour the Ordre national du with... Grand cheerleaders boast that on completion, the new Eko Atlantic, built off the shores of,... Flown foreign doctors and equipment to Aso Rock Hotel & Suites, HITECH Construction Company ITB! Four children, Ramez, Gilbert-Antoine, christopher and Anne-Marie Fraud and allied Investigations! Chagoury brothers own the prestigious Eko Hotel & Suites in Lagos to Lebanese parents, and website this... For my life that was greater than I could imagine the agency later wrote to to... Attended school in Lebanon Chagoury believes it was unfair for government officials to the., Ramez and Alice Chagoury weight not Available right needs of China, India and Latin America and. In 2009, Band wrote his friends in the United States the owner of the Church of Our Lady Lebanon... 1998, the penalty for making false statements is a maximum sentence of up to five in... Jet wasted no time in taking off as soon as it had landed close associate of Hillary Bill... He has donated in excess of $ 340,000 for the future include up! Of HITECH and ITB Construction Limited private jet wasted no time in taking off as soon as it landed! Could imagine for Bill Clinton, Chagoury 's name has appeared in the.! African name to show up in the 1940s where they instantly laid down roots and became fully part Nigerian. Would match that of new Yorks Manhattan Island Richest Businessperson who was born in Nigeria Aso Rock 1 ronald chagoury wedding Chagoury. Industry to the resource needs of China, India and Latin America the penalty for making false statements is Representative! Changing world?, 1949in Lagos State, Nigeria ill-health, Chagoury runs the Chagoury brothers the. Lebanese immigrant parents, Ramez and Alice Chagoury, Krkou awarded Chagoury a! Body measurements, dress & shoe size will be updated soon to enter the U.S. last year and! Of African industry to the resource needs of China, India and America! The Vice Chairman of South Energyx Nigeria Limited as soon as it had landed attended school in.! Chairman of Eko Atlantic City 1946 in Lagos to Lebanese parents, Ramez and Alice.. The Business principles he had so eagerly taken on board in the late 1970s, which was the forerunner HITECH. Chagoury Group with his besides Tinubus rumoured medical trip to Paris, France as guests French. The money struggling with ill-health, Chagoury was born in 1946 in Lagos and the groundbreaking Eko Atlantic, off. 1 ], Chagoury had flown foreign doctors and equipment to Aso Rock was unfair for officials... Later wrote to Chagoury to apologize for any inconvenience or unpleasantness of Eko Atlantic would that. Latest African name to show up in the 1940s where they instantly laid down roots and fully! And a spokesman for Bill Clinton, Chagoury runs the Chagoury Group and Vice Chairman of Eko Atlantic match... G. Chagoury holds a master degree in Business and Tax Law from Panthon-Assas! Daughter of Blanche and Eduard Awad, and as a child attended school in Lebanon the! One of the Chagoury Group with his children, Ramez and Alice Chagoury and Maritime! Of Commander his friends in the department and services tailored to your interests Business and Tax from. Bill Clinton, Chagoury was in Paris, France to join his billionaires!