Eko Atlantic City is a privately funded project owned by South Energyx Nigeria Limited a subsidiary of the Chagoury group owned by the chagoury brothers which is backed by the Federal government of Nigeria in strategic partnership with Lagos state govt.

Meet the Chagoury brothers (Gilbert and Ronald) the owners of the Eko Atlantic City .Gilbert Chagoury flourished in the 1990s through his close association with the late Sani Abacha, former Nigerian military ruler, with whom in collaboration he snatched another development project known as the banana Island from Engr. Adeleke.

In 2000, he was reportedly convicted by a Swiss court for laundering some of the funds Abacha looted from the Nigeria. Chagoury reportedly agreed to pay a fine of about 1 million Swiss francs (about $600,000 at that time) and handed back $66 million to the Nigerian government.He denied knowing the funds were stolen .

Welcome to the new world of Nigerian billionaire of Lebanese descent, Gilbert Ramez Chagoury. At a time in Nigeria’s recent history, Chagoury as a business magnate, was an all-powerful figure. His phenomenal influence started during the late Sani Abacha era but it peaked during the Goodluck Jonathan era. During that time, Chagoury —alongside his co-billionaire businessman brother, Ronald— were effervescent. They were not only close to the Abacha and Jonathan families, but also chummy with many other socialites, celebrities and power brokers. That was the situation until power changed hands in Nigeria in 2015 with the coming to power of President Muhammadu Buhari, whom was an opposition candidate to then incumbent president Jonathan who the Chagoury’s were backing , coupled with other issues in the US, Chagoury mellowed for some time before he finally left Nigeria. Despite wriggling himself out of those crises, various reasons —plausible and implausible— have been adduced for his AWOL in Nigeria’s business and social spheres.


A source told Spotlight that in the run up to the 2015 Presidential elections, Chagoury allegedly splashed out a huge sum of money on PR services in the US for the benefit of the then incumbent President Goodluck Jonathan against the person of his rival mohammed Buhari. But the turnout of the result of that election shook Chagoury who couldn’t 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. 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. 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 part of Macron’s France-Nigeria Business Council headed by Nigerian billionaire, Abdulsamad Rabiu.

Gilbert and his brother, Ronald, who have built a reputation as giants of global philanthropy, are among Africa’s richest men with generous donations to charitable projects around the world. The brothers returned briefly to the spotlight in April 2020 when they significantly boosted Nigeria’s fight against the spread of the deadly coronavirus pandemic with the donation of N1 billion to Lagos State government. Gilbert —the older of the duo— has always maintained that the vision for his life was greater than he could imagine and considered it a duty to give back.


Sources said with nothing to be afraid of, however, Gilbert has chosen to stay away leaving his trusted brother to oversee all the multi-billion dollar investments and projects scattered across Nigeria. Born in Lagos, Nigeria by immigrant parents in the 1930s, Gilbert —he’s all-in-all a Nigerian albeit of Lebanese blood— and Ronald owned a number of great investments in Nigeria. Operating under the Chagoury Group —an industrial conglomerate founded in 1971 with interests in almost every viable sector in Nigeria. The group’s net worth, according to Forbes, is about $4.2 billion. The Chagoury brothers own the prestigious Eko Hotel & Suites, HITECH Construction Company and ITB Construction Limited. 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. Its grand cheerleaders boast that on completion, the new Eko Atlantic would match that of New York’s Manhattan, but with the the horrible downturn in Nigeria’s economy which has affected businesses and individuals purchases and development on the man made Island has been very disappointing and foreign investors are not interested in investing in the project as most of them are not the nterested due to security situation in the country and poor situation of the nation’s economy

Gilbert Chagoury

Ronald Chagoury

Former president Jonathan Bill clinton and Fashila at the launch of eko atlantic city

So it wasn't owned by Tinubu after all

bring your PayPal challenge come to us

okuya:
Eko Atlantic City is a privately funded project owned by South Energyx Nigeria Limited a subsidiary of the Chagoury group owned by the chagoury brothers which is backed by the Federal government of Nigeria in strategic partnership with Lagos state govt.

Meet the Chagoury brothers (Gilbert and Ronald) the owners of the Eko Atlantic City .Gilbert Chagoury flourished in the 1990s through his close association with the late Sani Abacha, former Nigerian military ruler, with whom in collaboration he snatched another development project known as the banana Island from Engr. Adeleke.

In 2000, he was reportedly convicted by a Swiss court for laundering some of the funds Abacha looted from the Nigeria. Chagoury reportedly agreed to pay a fine of about 1 million Swiss francs (about $600,000 at that time) and handed back $66 million to the Nigerian government.He denied knowing the funds were stolen .

Welcome to the new world of Nigerian billionaire of Lebanese descent, Gilbert Ramez Chagoury. At a time in Nigeria’s recent history, Chagoury as a business magnate, was an all-powerful figure. His phenomenal influence started during the late Sani Abacha era but it peaked during the Goodluck Jonathan era. During that time, Chagoury —alongside his co-billionaire businessman brother, Ronald— were effervescent. They were not only close to the Abacha and Jonathan families, but also chummy with many other socialites, celebrities and power brokers. That was the situation until power changed hands in Nigeria in 2015 with the coming to power of President Muhammadu Buhari, whom was an opposition candidate to then incumbent president Jonathan who the Chagoury’s were backing , coupled with other issues in the US, Chagoury mellowed for some time before he finally left Nigeria. Despite wriggling himself out of those crises, various reasons —plausible and implausible— have been adduced for his AWOL in Nigeria’s business and social spheres.


A source told Spotlight that in the run up to the 2015 Presidential elections, Chagoury allegedly splashed out a huge sum of money on PR services in the US for the benefit of the then incumbent President Goodluck Jonathan against the person of his rival mohammed Buhari. But the turnout of the result of that election shook Chagoury who couldn’t 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. 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. 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 part of Macron’s France-Nigeria Business Council headed by Nigerian billionaire, Abdulsamad Rabiu.

Gilbert and his brother, Ronald, who have built a reputation as giants of global philanthropy, are among Africa’s richest men with generous donations to charitable projects around the world. The brothers returned briefly to the spotlight in April 2020 when they significantly boosted Nigeria’s fight against the spread of the deadly coronavirus pandemic with the donation of N1 billion to Lagos State government. Gilbert —the older of the duo— has always maintained that the vision for his life was greater than he could imagine and considered it a duty to give back.


Sources said with nothing to be afraid of, however, Gilbert has chosen to stay away leaving his trusted brother to oversee all the multi-billion dollar investments and projects scattered across Nigeria. Born in Lagos, Nigeria by immigrant parents in the 1930s, Gilbert —he’s all-in-all a Nigerian albeit of Lebanese blood— and Ronald owned a number of great investments in Nigeria. Operating under the Chagoury Group —an industrial conglomerate founded in 1971 with interests in almost every viable sector in Nigeria. The group’s net worth, according to Forbes, is about $4.2 billion. The Chagoury brothers own the prestigious Eko Hotel & Suites, HITECH Construction Company and ITB Construction Limited. 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. Its grand cheerleaders boast that on completion, the new Eko Atlantic would match that of New York’s Manhattan, but with the the horrible downturn in Nigeria’s economy which has affected businesses and individuals purchases and development on the man made Island has been very disappointing and foreign investors are not interested in investing in the project as most of them are not the nterested due to security situation in the country and poor situation of the nation’s economy

I will live there next year as a house owner glory to GOD. come to Jesus Christ to learn how to buy houses and make good money ..deut8:18

Ok oo, them fit dash me one plot for there?

They brought negative investment into the country when we could have had African Americans coming here for holidays like they are doing in Ghana.

Under Peter Obi, Nigerians will have real billionaires, whose wealth can be traced.

criminal cartel

This is what the drug lord is claiming that he built to control flooding

I often wonder if agbado urchins reason well at all.

Progress

Ragolis water spring is also under them, but they've neglected it

Rexymania:
Ragolis water spring is also under them, but they've neglected it

Damn, year 2004 that was the only bottle water I knew, even more popular than Eva to the extent bottle water was simply called ragolis.

Just like all noodles are called indomie

Just as Anambrarian are wealthy living in eldorado?

Think please

Vulturereloaded:
Under Peter Obi, Nigerians will have real billionaires, whose wealth can be traced.

Vulturereloaded:
Under Peter Obi, Nigerians will have real billionaires, whose wealth can be traced.

You mean traced to secret offshore accounts like Obi Pandora?

The future is bright...