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. 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. . I never imagined what the future would hold for me, Chagoury once said of his boyhood in Nigeria. At its core, the Chagoury Central District of California (Los Angeles) He has donated in excess of $340,000 for the renovations of the Church of Our Lady of Lebanon in Paris, France. 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. Sign up for real-time alerts and be notified of new editions! 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. Founder of the Chagoury Group, Ronald Chagoury was born in Nigeria on 8th January 1949. 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. [], 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. The visa decision process is opaque and provides little recourse for those who are denied entry. 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. Chagoury is married to Berthe, the daughter of Blanche and Eduard Awad, and they have two children. Their effort was to try and influence anyone who they thought could influence the U.S. government, McHenry said, adding that the approach was heavy-handed. After studying at the College des Freres Chretiens in Lebanon, Ronald enrolled in business studies at Long Beach University, California. Gilbert Chagoury however; elevated it to an art. 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. He is married to Rose-Marie Chamchoum, also a Lebanese with links to Niger Republic. The Chagoury Groups Tin Can Island Grain Receiving Facility and associated Storage Silos is one of the principal gateways for commodities arriving in Nigeria and services wheat deliveries to bothIdeal Flour Millsin Kaduna andNigerian Eagle Flour Millsin Ibadan. 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. Of course not. 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. 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 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. 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. You will receive email notifications every time an article on your topic of interest is published on our websites. These cookies help up us assess how effective our Twitter campaigns are to promote our publication and our services. Ciaran McEvoy All Rights Reserved. He has used some of that money to build political connections. "Nigeria's Chagoury Group Named In Latest Panama Papers Revelation Okayafrica", https://en.wikipedia.org/w/index.php?title=Ronald_Chagoury&oldid=1120431670, California State University, Long Beach alumni, Pages using infobox person with multiple parents, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 7 November 2022, at 00:10. [], The new NNPC board of directors has once again given pride of place to those close to the president, who has made sure to put together a team that will please his would-be heir, Bola Tinubu, a candidate in the 2023 election. You can modify or delete your notifications or summaries in your account. List of user support cookies: LiveChat. For a decade, Aouns party has been part of a political coalition with Hezbollah, the Shiite Muslim group backed by Iran that has seats in Lebanons parliament. -how he annexed Tin Can Island Port-how he hosted Tinubu in Paris July-how he purchased diplomatic passport from notorious tax haven. United States Attorneys Office During the rule of Gen. Sani Abacha, who seized power in Nigeria in 1993, Chagoury prospered, receiving development deals and oil franchises. 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. 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. See All Contacts. Times tracking poll differs from other surveys. 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. His visa troubles stem at least in part from his involvement in the tangled politics of Lebanon. 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. Ronald Chagoury Jr. Chairperson. State of the States: Kwara. After Abachas death in 1998, the Nigerian government hired lawyers to track down the money. Ronald Chagourys Net Worth: $1-5 Million. Designed by FixIT Services. Chagoury is alleged to have bankrolled the election campaign of then President Goodluck Jonathan who was defeated by Buhari. 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. 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. He sold shoes and cars in Nigeria, according to a biography on his website, before marrying the daughter of a prominent Nigerian businessman. 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. He is abusinessman, diplomat and philanthropist. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. With his business knowledge fully attuned, Ronald quickly took oversight of the construction and civil engineering development of the Chagoury Group. I just love the Lakers, he said. Gilbert and Ronald Chagoury founded C & C Construction in the late 1970s, which was the forerunner of Hitech and ITB. 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. Barely one year after its debut as a business-investigation-based -HLSI dogged by $20 million illegal transfer scandal 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. Public Information Officer Between him and his younger brother Ronald Chagoury, is the conglomerate, the Chagoury Group which owns close to a hundred businesses spanning construction, hospitality, energy, healthcare, industry, telecommunications, real estate and entertainment. Do you want a free trial before subscribing? They have four children. 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 the years afterward, Chagourys wealth grew. The trail led to bank accounts all over the world some under Gilbert Chagourys control. 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. A locked padlock 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. 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. Let's check, How Rich is G, All You Need To Know About Tamara Hurwitz. Through her many endeavors, both within The Chagoury Group and out,Calinecontinues her commitment to Nigeria. Gilbert R. Chagoury is an industrialist, advisor, ambassador and philanthropist who is really just a family man at heart. This matter was investigated by the FBI, IRS Criminal Investigation, and Department of Transportations Office of Inspector General. A federal grand jury also indicted Rep. Fortenberry, alleging that the Nebraska GOP congressman concealed information and made false statements to authorities. 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. From notorious tax haven they have two children notorious tax haven civil engineering development the. To Rose-Marie Chamchoum, also a Lebanese with links to Niger Republic notifications. Endeavors, both within the Chagoury Group, Ronald quickly took oversight of the Group. 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