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6 Deals That Have Brought Tinubu, Chagoury Together - Politics - Nairaland

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6 Deals That Have Brought Tinubu, Chagoury Together by dododawa1: 6:50pm On May 10
While Tinubu held sway in the southwest, especially in Lagos he governed for eight years, his dalliance with the high and mighty got him many eyeballs. His noise didn’t spread exactly across the nation

The Bar Beach Shoreline Protection project, 2006

Tinubu had buttoned up the contract process in the twilight of his second term. And Hi-Tech spent years executing the project in the administration of Babatunde Fashola. It gulped $3.1 billion back then. The contractor described it as a highly successful attempt in protecting the shoreline along the coastal area on Victoria Island. It could have protected more of the Chagoury’s interest, too

Eko Atlantic City , 2009

The shoreline protection became critical to the success of a more ambitious project of the brothers: The Atlantic City, $6-billion flat. They described it as a dynamic new city that would rise from the Atlantic Ocean, adjacent to Victoria Island. The initial billion spent on flood protection made sense then. Another of the Chagoury Group, South Energyx Nigeria Ltd spearheaded the venture. They reclaimed 10 million square meters from the ocean, and sold them to buyers. No fewer than 50 Towers would eventually rise up the skyline there.

Eko Atlantic City bridges, 2017

As of 2021, the company had sold 75 percent of the reclaimed land, and built 15 bridges to facilitate a free flow of traffic. Hi-tech handled them all. The company claimed the technology, materials, and methodology used in the construction of the bridges resemble those of the Ajah Flyover previously mentioned.

Lekki Epe Expressway Construction


The 30-year concession initially fell to ARM in a PPP deal during Fasola’s administration in 2009. HI-tech eventually worked its way in, and got road construction deals along the Lekki-Epe corridor.

Oshodi-Airport Roads and Bridges

The award took place under Gov Akinwunmi Ambode in 2019. The Oshodi-Airport Road project included three express lanes, two service lanes, five pedestrian bridges, one u-turn, and one fly-over. Hi-tech handled them all—for N22.4 billion.
Re: 6 Deals That Have Brought Tinubu, Chagoury Together by Ofunaofu: 6:53pm On May 10
Shady and dubious deals

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