Contract Award: Group Defends Seyi Tinubu Over Board Membership role in CDK Integrated Industries

... Faults Atiku's Allegation on Contract Award



Group under aegis of Forum For Good Governance (FGGN), has come out strongly to defend the President's Son,Mr. Seyi Tinubu after former Vice President,Alhaji Atiku Abubakar faulted the award of contract to a company he serves as a board member.

The former Vice President had accused the federal government of awarding construction of the Lagos-Calabar Coastal highway to Hitech Construction Company Ltd.

He did allege that Seyi is a director on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group, which is a parent company of Hitech.

However ,In a press Statement jointly signed by the National Coordinator and Secretary;Comrade Abraham Douglas and Comrade Bala Galadima Ikara, the group said the fact that Seyi's father is the President should not deny him access to pursue legitimate business interests within and outside the country.

While stating that the gigantic projects such as the Lagos-Calabar Coastal highway would no doubt boost the economy; engender growth and development, it noted, "Seyi Tinubu an adult,who has a right to do business in as much as ,it's within the limits of the law."

The Statement further reads: "From the information we gathered, Seyi joined the Board of Directors of CDK in 2018 as an investor, with a good record of performance. So ,why deny such investor with capacity right to business patronage because, his father is the president.

"Unfortunately for Atiku who raised the issue, the Chairman of CDK and the highest shareholder of the company is General T.Y. Danjuma (retd.) and not Seyi Tinubu, who has been involved in business several years,before the father became President.

"The big question we are asking Atiku is , " How has Seyi as an investor on the board of CDK, conflicts with Hitech Construction Company’s work on Lagos-Calabar Coastal superhighway.

"He who must come to equity must come with clean hands. If Atiku raised an issue of conflict of interest,what we do say of him during his days as the vice-president, established Intels Nigeria with an Italian entrepreneur while serving in the Nigeria Customs Service .

“When he was Vice President of Nigeria between 1999-2007, he maintained his business links with Intels that won major port concession deals in Nigeria."

Fraudsters!

lextube:
Fraudsters!

Abubakar Malu Atiku.