Arsan agreed to pay $1.7 million in penalties to resolve the tax probe and to cooperate in the governments investigation. Chagoury GroupGilbert Chagoury3Ronald Chagoury1971 Ronald71 20062009Eko Atlantic Learn More In the News 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. 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. Under Review. Nigerian billionaire Gilbert Chagoury, one of Africa's richest men, has built a reputation as a giant of global philanthropy. Chagoury has contributed to charitable projects there, advocated on behalf of the countrys Christians and formed political alliances, including with Michel Aoun, a Lebanese Christian politician who served as army commander and prime minister during the countrys civil war. Krkous successor Boni Yayi in 2006 told Gilbert Chagoury to also advice him. For Ronald, sustainability. 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. List of marketing cookies: Twitter pixel. 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 is married to Berthe, daughter of Blanche and Eduard Awad, and they have two children. 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. Chagoury entered into the agreement on October 19, 2019, and he paid the fine in December 2019. An official website of the United States government. The consent submitted will only be used for data processing originating from this website. Ribadu described Chagoury as the lynchpin in the corruption that smeared the Abachas regime. 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. Chagoury declined requests for an interview. Its still for sale. After completing undergraduate and graduate studies in France, Ronald returned to Nigeria in 2007 to join The Chagoury Group as an Executive Member. 2022 Business Leaks. It was such fear of the unknown that made Gilbert Chagoury pay a little fortune to acquire a diplomatic passport with the attendant immunity from the Caribbean Island of St Lucia which happened to be a notorious tax haven. Gilbert and his brother, Ronald, who have built a reputation as giants of global philanthropy, are among Africas richest men with generous donations to charitable projects around the world. According to Wikipedia, Forbes, IMDb & Various Online resources, famous Businessperson Ronald Chagourys net worth is $1-5 Million at the age of 70 years old. On arrival, he began toimplement the business principles he had so eagerly taken on board in the United States. 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. Abacha turned out to be one of the most notorious kleptocrats in memory, stealing billions in public funds, acting Assistant Atty. 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. He is a businessman, diplomat and philanthropist. He is the owner of the giant Eko Hotel & Suites in Lagos and the groundbreaking Eko Atlantic City. You will receive email notifications every time an article on your topic of interest is published on our websites. 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. To view the purposes they believe they have legitimate interest for, or to object to this data processing use the vendor list link below. He was educated at the College des Frres Chrtiens in Lebanon, and studied business studies at California State University, Long Beach, US. These cases were prosecuted by Assistant United States Attorneys Mack E. Jenkins, Chief of the Public Corruption and Civil Rights Section, and Aron Ketchel, also of the Public Corruption and Civil Rights Section. 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. 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. Get the latest News and updates of issues from Nigeria, Africa and around the World, direct into mailbox. No deal has been signed, State Department spokeswoman Elizabeth Trudeau said. Contact 4? Chagoury is alleged to have bankrolled the election campaign of then President Goodluck Jonathan who was defeated by Buhari. 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. Upon returning to Nigeria he joined the Chagoury Group and now oversees various companies within the group. 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. 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). Some of our partners may process your data as a part of their legitimate business interest without asking for consent. 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. He was St. Lucias ambassador to UNESCO and the Vatican until 2017. 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. In 1969, Gilbert and Rose-Marie married. Dating is to describe a stage in a persons life when he or she is actively pursuing romantic relationships with different people. "Lagos's population is growing to 25 million," he said. 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. Gilbert Chagoury however; elevated it to an art. Ronald Chagoury was born in Nigeria on 8 January 1949, the son of Ramez and Alice Chagoury, who had emigrated from Lebanon in the 1940s. Get started with this writing template. These cookies are required to ensure the reliability and security and our website. 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. He almost made it completely out of hibernation under Jonathan but ran into troubled waters again by funding Jonathans re-election campaigns in 2014 against the winner President Muhammadu Buhari. 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. Ronald Chagoury Jr. Chairperson. Ronalds parents, Ramez and Alice Chagoury had emigrated to Nigeria in the 1940s where they instantly laid down roots and became fully part of Nigerian society and culture. 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. When General Abacha was struggling with ill-health, Chagoury had flown foreign doctors and equipment to Aso Rock. Currently, Ronaldis the Vice Chairman of South Energyx Nigeria Limited, the company which is currently buildingEko AtlanticCity,a new city construction project located off Victoria Island, adjacent to Lagos. Discover businesses, people, places and things in and outside Nigeria. He is from 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 . You can modify or delete your notifications or summaries in your account. The Chagoury Group of companies is headquartered in West Africa and its portfolio of activities include construction and property development, flour Mills, water bottling and purification, glass manufacturing, insurance, hotels, furniture manufacturing, telecommunications, IT, catering and international financing. [], 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. To that endCalinehas launched multiple businesses including: After completing her studies in France, and in addition to running her own businesses,Calinejoined The Chagoury Group in 2010 to oversee the many upgrades and improvements that have continually been added to The Eko Hotel. They have four children, Ramez, Gilbert-Antoine, Christopher and Anne-Marie. Read My Stories. After studying at the College des Freres Chretiens in Lebanon, Ronald enrolled in business studies at Long Beach University, California. His website shows him shaking hands and laughing with Pope Francis. The agency later wrote to Chagoury to apologize for any inconvenience or unpleasantness.. 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. 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. Baaklini also agreed to pay a $90,000 fine as part of his agreement and agreed to cooperate with the governments investigation. 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. It was also Tinubu that got governors of his then Action Congress of Nigeria (ACN) to award contracts to Chagouris subsidiaries in states like Ekiti, Osun and Edo. Slack All Over Again. 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. His name is on a gallery at the Louvre and a medical school in. Accept Read More, Nigeria: 830 persons kidnapped, 69 terror bandits killed in Kaduna State within 3 months, Black Americans undercounted in U.S. 2020 Census, two new studies show, Worries Over Future Of The Internet As ITU Plenipotentiary Holds, What pandemic? 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. With his business knowledge fully attuned, Ronald quickly took oversight of the construction and civil engineering development of the Chagoury Group. Election 2016 | Live coverage on Trail Guide | Sign up for the newsletter. A year ago, after his visa application was denied, Chagourys mansion was put on the market, with an asking price of $135 million. As a businessman, Mr.. The State . 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. The source said Aoun was facilitating fundraising for Hezbollah. The U.S. put Chagoury in its database used to screen travelers for possible links to terrorism, interagency memos show. View Ronald Chagoury Jr's profile on LinkedIn, the world's largest professional community. He is one of the Richest Businessperson who was born in Nigeria. Chagoury told ABC News and the Center for Public Integrity at the time that he was miffed because his travel problems made him miss seeing the Lakers in the playoffs. List of user support cookies: LiveChat. The Lebanese agreed to pay a $600,000 fine and return $66 million to the Nigerian government. He said Chagoury last saw Hillary Clinton at a 2006 dinner. 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. [citation needed] In the 1990s, Chagoury portrayed himself as an Abacha insider as he tried to influence American policy to be friendlier to the junta. 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. Of course not. Contact 3? Dizzying accounts of mind-boggling looting, including using trucks to transport foreign currencies out of the vaults of the Central Bank of Nigeria (CBN), were some of the improbable tales that turned out to be true following the sudden death of General Abacha. He currently is Chairman of the board of directors of Eko Hotels Limited; Executive Director of ITB Nigeria limited and sits as Director to various companies including Nigerian Eagle Flour Mills Ltd.; Courdeau Nigeria Ltd.; Courdeau Catering Nigeria Ltd. and Eko Development Company Limited. In 2012, Baaklini handed LaHood a $50,000 personal check with the word "loan" written on it. Designed by FixIT Services. He is ranked on the list of 2225 popular Businessperson. Comprehensive company profiles. 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. 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. 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. Ronald Chagoury Jr: First of all, Eko Atlantic was initially built as a defence against coastal erosion for Victoria Island and parts of Lekki. THIRD FORCE: THE FARCE AND FIASCO OF THE FIGHT. Chagoury now backs an Aoun rival for the presidency. An example of data being processed may be a unique identifier stored in a cookie. Find out more about our subscription offers. They were not only close to the Abacha and Jonathan families, but also chummy with many other socialites, celebrities and power brokers. 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. The former executive director of the Democratic Party of Orange County has agreed to plead guilty to a felony charge for attempting to defraud one of her political consultancy firms Central District of California After Abachas death in 1998, the Nigerian government hired lawyers to track down the money. -major contractor an offshore company registered in tax haven, British Virgin Islands. [1], Chagoury's name has appeared in the Panama Papers.[2]. 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. 2023 Manpower Nigeria. I never imagined what the future would hold for me, Chagoury once said of his boyhood in Nigeria. Chagoury never got a scolding, though. 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. 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