Former vice president Atiku Abubakar claims Seyi Tinubu, President Bola Tinubu’s son, is a director on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group, faulting the award of contract for the Lagos-Calabar coastal road. The Federal Government recently started the construction of the 700km Lagos-Calabar coastal road which is being done by Hitech Construction Company Ltd. The Chagoury Group is the firm’s parent company.
While the commencement of construction for the road has continued to elicit criticism from several quarters, Atiku who is one of the fiercest oppositions to the project, claimed that since Seyi Tinubu is on the board of CDK, the award of the contract to Hitech Construction Company Ltd constitutes a conflict of interest.
“The former Vice President noted that Tinubu’s son, Seyi, is a director on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group, which manufactures ceramic tiles and sanitary towels,” a Sunday statement by Atiku’s media aide Paul Ibe read.
“Citing a report by Paris-based Africa Intelligence News Agency where it was revealed by the Corporate Affairs Commission that Seyi is officially a business associate of Chagoury, the former Vice President said it was not surprising that the Chagoury Group had become the biggest beneficiary of the Tinubu largesse.”
“Thanks to quality reporting by Africa Intelligence, our suspicions have been confirmed that Chagoury and Tinubu are indeed business partners and it has been formalized with Seyi on the board of one of Chagoury’s firms,” Atiku was quoted as saying in the statement.
He also accused President Tinubu of rushing to award the contract for the road, saying the country has other pressing needs to address.
Credit: channelstv.com
