The family has an estimated wealth of $4.2 billion. Get the latest News and updates of issues from Nigeria, Africa and around the World, direct into mailbox. The trail led to bank accounts all over the world some under Gilbert Chagourys control. Google's Sparrow will Kill ChatGPT It is Microsoft Teams vs. 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. Founded by Gilbert Chagoury and Ronald Chagoury Jr., The Chagoury Group operates within a variety of areas, including construction, real estate development, hospitality, hotels, telecommunication, information technology services, manufacturing, insurance, international financing, catering, and flour mills, among others. Gilbert R. Chagoury is an industrialist, advisor, ambassador and philanthropist who is really just a family man at heart. His website shows him shaking hands and laughing with Pope Francis. Two years after the death of Abacha, a court in Switzerland convicted Chagoury for his involvement in what was globally seen as epic treasury looting and money laundering. Chagoury is alleged to have bankrolled the election campaign of then President Goodluck Jonathan who was defeated by Buhari. [citation needed] No deal has been signed, State Department spokeswoman Elizabeth Trudeau said. Lets check, How Rich is Ronald Chagoury in 2019-2020? Joseph Tanfani previously covered the Justice Department and Homeland Security in the Washington, D.C., bureau. Ronald Chagoury. I especially thank my friends Gilbert and Ron Chagoury for making it happen, he said. "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 . Central District of California (Los Angeles) Stay informed anytime, anywhere! United States Attorneys Office Seyi and Ronald Chagouri are close business partners. Its increasingly unpopular leader Ibrahim el-Zakzaky has lost support from Iran and is battling to keep his job. 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. He is hoping to regain the influence he enjoyed under Sani Abacha, the country's military junta leader in the 1990s. During the rule of Gen. Sani Abacha, who seized power in Nigeria in 1993, Chagoury prospered, receiving development deals and oil franchises. All Rights Reserved. Upon returning to Nigeria he joined the Chagoury Group and now oversees various companies within the group. Nigerian billionaire Gilbert Chagoury, one of Africa's richest men, has built a reputation as a giant of global philanthropy. He was St. Lucias ambassador to UNESCO and the Vatican until 2017. 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. Chagourys companies were awarded contracts for the construction of the Lekki-Epe road, the Murtala- Mohammed International Airport road and the Eko Atlantic City mega project. . $200 million illegally earned by Shell from extensions of oil exploration leases. He is abusinessman, diplomat and philanthropist. Chagoury believes it was unfair for government officials to disclose the episode and to suggest that he was a potential threat, Corallo said. Gilbert Chagoury, 75, who presently resides in Paris, France, paid $1.8 million to resolve allegations that he, with the assistance of others, provided approximately $180,000 to individuals in the United States that was used to make contributions to four different federal political candidates in U.S. elections. Ciaran McEvoy (213) 894-4465. Chagoury is married to Berthe, the daughter of Blanche and Eduard Awad, and they have two children. Benue State-born Achief Thaddeus Atta, Under Labour Party, Defeats 2 Indigenous Lagosians Presidential Election: Hurricane Obi Sweeps South East, South South, Obi-Datti Presidential Campaign Cries Foul, Says INEC Is Throwing Nigeria Into Chaos, The Time Is Now To Prepare For China Conflict, U.S. Army Leaders Say, Take Your Grievances To The Courts, Not To The Streets, Buhari Tells Presidential Election Losers As He Congratulates Tinubu, Tinubu Writes Nigerians As President-elect, Says The Era Of Renewed Hope Has Begun. This service is completely free of charge. Ronald Chagoury Jr. was born onJanuary 8th, 1949in Lagos State, Nigeria, to Lebanese immigrant parents,Ramez and Alice Chagoury. He is from Nigeria. Through their ownership of the Chagoury Group, Gilbert Chagoury and family have an estimated wealth of $4.2 . Secure .gov websites use HTTPS Lebanese billionaire Chagoury banks on presidential candidate Bola Tinubu. You can change these settings at any time by going to our Cookie management page. 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.) Ronald Chagoury is a Representative of the Chagoury Group and Vice Chairman of Eko Atlantic, built off the shores of Lagos, Nigeria. I never imagined what the future would hold for me, Chagoury once said of his boyhood in Nigeria. Under Review. 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. He owns a seven-bedroom hilltop mansion in Beverly Hills in California, and he has a high-level network of friends from Washington to Lebanon to the Vatican, where he serves as an ambassador for the tiny island nation of St. Lucia. 312 North Spring Street 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 Chagoury Jr. Chairperson. After completing undergraduate and graduate studies in France, Ronald returned to Nigeria in 2007 to join The Chagoury Group as an Executive Member. [], 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. His parents emigrated from Lebanon to Nigeria in the 1940s. Ronald Chagourys height Unknown & weight Not Available right. -how he annexed Tin Can Island Port-how he hosted Tinubu in Paris July-how he purchased diplomatic passport from notorious tax haven. Chagoury declined requests for an interview. Nigerian businessman Ronald Chagoury is the latest African name to show up in the Panama Papers. We assume this is OKIf not, please opt-out! Chagoury also contributed $1 million to $5 . Business Leaks is a publication of the International Center for Development Reporting (ICDR). As part of his non-prosecution agreement signed in December 2019, LaHood also agreed to cooperate with the governments investigation and repaid the $50,000 to Baaklini. List of marketing cookies: Twitter pixel. 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. Ronald Chagoury. Why the USC/L.A. ) or https:// means youve safely connected to the .gov website. Ronald Chagoury Jr: First of all, Eko Atlantic was initially built as a defence against coastal erosion for Victoria Island and parts of Lekki. 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. Its still for sale. See All Contacts. An Artist's Homing Beacon to Creativity: Connecting with the Universe is The Ultimate Transcendence. Ronald Chagoury prefers not to tell the details of marital status & divorce. The State . (adsbygoogle=window.adsbygoogle||[]).push({}); Ong Kean Swan estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below. The Justice Department also said Rep. Fortenberry repeatedly lied to and misled authorities during the investigation into illegal contributions made by Chagoury to his reelection campaign. Typically, the person is told of the grounds for refusal, but not the details. 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. Since the 1990s, Chagoury has cultivated a friendship with the Clinton family, in part by writing big checks, including an estimated $5 million to the Clinton Foundation, according to its list of donors. 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. Discover businesses, people, places and things in and outside Nigeria. A close associate of Hillary and Bill Clinton, Chagoury runs the Chagoury Group with his. Bringing with him his experiences, Laurent continues to push the core values of The Chagoury Group. The billionaire was said to have made the US his initial new abode immediately he was cleared of any wrongdoing by the FBI over the Clinton email saga while his immediate younger brother, Ronald held forte in Nigeria. He is a businessman, diplomat and philanthropist. 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. Follow. He is the Vice Chairman of South Energyx Nigeria Limited, which is part of the Chagoury Group, a multinational business conglomerate based in Lagos, Nigeria. 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. Ronald Chagoury Jr. 6 Min Read Over 55 percent of the world's population lives in cities and, by 2050, that number is projected to rise to an astounding 68 percent. KANO GOVERNORSHIP: GAWUNA, GRADUALLY GAINING GROUNDS. 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. With his business knowledge fully attuned, Ronald quickly took oversight of the construction and civil engineering development of the Chagoury Group. [1], Chagoury is married to Berthe, and they have two children. In 2010, he was pulled off a private jet in Teterboro, NJ, and questioned for four hours because he was on the Department of Homeland Securitys no-fly list. Despite wriggling himself out of those crises, various reasons plausible and implausible have been adduced for his AWOL in Nigerias business and social spheres. 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. For years Chagoury had facilitated oil business deals in Nigeria for the French oil company TotalEnergies. Based on the FBI report and other allegations from intelligence and law enforcement sources, the State Department denied the application. 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. 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. Calinehas since expanded her role in The Chagoury Group to look over various other companies. The Chagoury returned the favour when Tinubu's son Seyi had his own wedding. As you know hes key guy there and to us and is loved in Lebanon. As a noncitizen, Chagoury is barred from donating to US political campaigns, but in 1996, he gave $460,000 to a voter registration group steered by Bill Clintons allies and was rewarded with an invitation to a White House dinner. Suite 1200 A pioneer on the web since 1996, Africa Intelligence is the leading news site on Africa for professionals. LaHood, who prosecutors said was facing . Despite controversy and legal action, notably in Kogi State, Dangote generally gets his way, thanks to his wealth and political connections. 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. He is married to Rose-Marie Chamchoum, also a Lebanese with links to Niger Republic. Relatedly, two Chagoury associates Joseph Arsan, 68, also of Paris, and Toufic Joseph Baaklini, 58, of Washington, D.C. agreed to resolve allegations that they violated campaign contribution laws by assisting Chagoury in his illegal contributions. The Time Is Now To Prepare For China Conflict, U.S. Army Leaders Take Your Grievances To The Courts, Not To The Streets, Buhari Tells Tinubu Writes Nigerians As President-elect, Says The Era Of Renewed Hope Has INEC Chairman Stoking Disaster For Nigeria And Cannot Claim Ignorance, President Obasanjo Obi defeats Atiku, Tinubu inside Aso Rock Polling Unit. Ronald's parentsemigrated to Nigeria in the 1940s where they instantly laid down roots and became fully part of Nigerian society and culture. More from Medium. "Lagos's population is growing to 25 million," he said. Check back often as we will continue to update this page with new relationship details. Chagoury entered into the agreement on October 19, 2019, and he paid the fine in December 2019. In spite of his network of powerful friends, Chagoury has aroused the suspicions of US security officials. 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. Two months ago, James Entwistle, then the U.S. ambassador to Nigeria, wrote to Washington, asking permission to sign a 99-year lease. Ronald has and continues to incorporate new technologies and systems throughout various companies within The Chagoury Group to ensure the companies remain at their best. 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