Chagoury also contributed $1 million to $5 million to the Clinton Foundation, according to its list of donors. 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. Welcome to the new world of Nigerian billionaire of Lebanese descent, Gilbert Ramez Chagoury. He further admitted to making illegal conduit contributions causing campaign contributions to be made in the name of another individual. Your email address will not be published. Bringing with him his experiences, Laurent continues to push the core values of The Chagoury Group. He is hoping to regain the influence he enjoyed under Sani Abacha, the country's military junta leader in the 1990s. Ronald Chagoury was born on January 8, 1949 in Lagos, Nigeria to Lebanese immigrant parents - Mr Ramez and Mrs Alice Chagoury. Ronald Chagoury. In 1971, he co-founded the Chagoury Group with his younger brother Ronald Chagaury, an industrial conglomerate with interests in construction, real estate and property development, flour mills, water bottling and purification, glass manufacturing, insurance, hotels ( Eko Hotel & Suites ), furniture manufacturing, telecommunications, IT, catering 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 is 1 of the famous people in our database with the age of 70 years old. Ronald returned to Nigeria after his education. Typically, the person is told of the grounds for refusal, but not the details. "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. 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. 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. Chagoury believes it was unfair for government officials to disclose the episode and to suggest that he was a potential threat, Corallo said. This website uses Cookies to improve User experience. We and our partners use data for Personalised ads and content, ad and content measurement, audience insights and product development. Located in the heart of Victoria Island and shielded from the hustle and bustle of the Lagos metropolis, Eko Hotels & Suites offer our corporate clients and walk in guests a perfect blend of relaxation, activities, and African tradition delicately infused to meet the highest international standards. 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. After studying at the College des Freres Chretiens in Lebanon, Ronald enrolled in business studies at Long Beach University, California. Hezbollah is classified as a terrorist organization by the U.S., which holds the group responsible for the 1983 bombing of the U.S. embassy in Beirut and a Marine barracks blast that year that killed 241 American servicemen. A federal grand jury also indicted Rep. Fortenberry, alleging that the Nebraska GOP congressman concealed information and made false statements to authorities. A Lebanese-Nigerian billionaire agreed to pay the U.S. government $1.8 million to resolve allegations that he conspired to violate federal election laws in a "straw donor" scheme to route illegal foreign contributions to U.S. presidential and congressional candidates, the Justice Department announced Wednesday. Together with his brother,Gilbert Chagoury, he has formed a partnership that has helped the Chagoury industrial and financial empire growto encompass a multi-faceted business chain, determined to break the myths and perceptions of African developmental limitations. Not only did he give business advice to General Sani Abacha, Chagoury gave advice too to the then president of Benin Republic, Mathieu Krkou a military ruler turned politician who ruled his country for a total of 29 years. You can change these settings at any time by going to our Cookie management page. "If 2 percent can afford it, or 5 percent, that will be . Gilbert Chagoury is believed to worth $4.2 billion. His business empire has interests in construction, real estate,. He is from Nigeria. Founder of the Chagoury Group, Gilbert Ramez Chagoury was born in Lagos, Nigeria on 8th January 1946. For Ronald, sustainability. Read My Stories. But the turnout of the result of that election shook Chagoury who couldnt 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. 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. 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. Chagoury, a foreign national prohibited by federal law from contributing to any U.S. elections, admitted he intended these funds to be used to make contributions to these candidates. 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BUSINESS LEAKS gathered that Gilbert Chagoury began to court Tinubu from his early days as governor of Lagos State. A .gov website belongs to an official government organization in the United States. An official website of the United States government. His phenomenal influence started during the late Sani Abacha era but it peaked during the Goodluck Jonathan era. Though the Lebanese billionaire went to live far away from Nigeria, he was never really far away from his corporate centre of gravity. Chagoury is married to Berthe, the daughter of Blanche and Eduard Awad, and they have two children. After Abachas death in 1998, the Nigerian government hired lawyers to track down the money. Ronald Chagoury Jr (@ronaldchagoury) Instagram photos and videos ronaldchagoury Follow 172 posts 17.5K followers 1,045 following Ronald Chagoury Jr Infrastructure Africa City Building @ekoatlantic Shore Protection Green Tech . 26,665 likes. 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. THE AFTERMATH OF ARRESTING AND CALLING AN ACCOUNTANT TO ACCOUNT., Foreign vessels fly Nigerian flag, corner 10-billion-dollar maritime contracts under false pretexts. United States Attorneys Office Clinton's aide, Doug Band, even invited Chagoury to his wedding. Chagoury now backs an Aoun rival for the presidency. Relatedly, two Chagoury associates Joseph Arsan, 68, also of Paris, and Toufic Joseph Baaklini, 58, of Washington, D.C. agreed to resolve allegations that they violated campaign contribution laws by assisting Chagoury in his illegal contributions. We and our partners use cookies to Store and/or access information on a device. Wikipedia describes state capture as a type of systemic political corruption in which private interests significantly influence a states decision-making processes to their own advantage. Many businesses in Nigeria have thrived on this principle. [citation needed] For Ronald, sustainability. He remains confident the demand will pick up again, 12 years after the signing of a 78-year concession-agreement with Lagos state to get the project started. 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. Besides Tinubus rumoured medical trip to Paris, it is believed that Chagouri used the occasion to sell Tinubus candidacy to the French. 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. List of analytics cookies: Google Analytics. A Clinton campaign spokesman said Judicial Watch, the conservative organization that sued to make the emails public, has been attacking the Clintons since the 1990s.. State of the States: Kwara. Based on the FBI report and other allegations from intelligence and law enforcement sources, the State Department denied the application. The family has an estimated wealth of $4.2 billion. 3. Over the years, Chagoury attended Clinton's 60th birthday fundraiser and helped arrange a visit to St. Lucia, where the former president was paid $100,000 for a speech. A red thread that goes from the entrepreneurs of Lebanese origin Gilbert and Ronald Chagoury to the former dictator, Sani Abacha, to the businessman and leader of the political party PDP (in . Gilbert and Ronald Chagoury founded C & C Construction in the late 1970s, which was the forerunner of Hitech and ITB. 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. Under Review. He is a businessman, diplomat and philanthropist. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. 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. 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. Chagoury is alleged to have bankrolled the election campaign of then President Goodluck Jonathan who was defeated by Buhari. All rights reserved. Chagoury was known to have funded Aoun, a Lebanese government minister told then-Ambassador Jeffrey D. Feltman in 2007, according to a cable published by WikiLeaks that didnt go in detail about Chagourys relationship with Aoun. Ronald Chagoury Jr: First of all, Eko Atlantic was initially built as a defence against coastal erosion for Victoria Island and parts of Lekki. His name is on a gallery at the Louvre and a medical school in Lebanon, and he has received awards for his generosity to the Catholic Church and St. Judes Childrens Hospital. A pioneer on the web since 1996, Africa Intelligence is the leading news site on Africa for professionals. 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. More from Medium. Gilbert and his brother, Ronald Chagoury, who have built a reputation as giants of global philanthropy, are among Africas richest men with generous donations to charitable projects around the world. Ronald Chagourys height Unknown & weight Not Available right. Omumu nwa nke mb, na abal asat na af 1949 (odi af iri asaa na at) na Benin City no na Naijiria.Ag umakwukwo College des Frres Chrtiennes.. S. Ronald Chagoury (a mr ya n'bch nke asat n'nwa Jenwar n'af 1949) b onye chnta ego Naijiria, onye nchoputa (ya na nwanne ya nwoke Gilbert Chagoury), na onye isi oche nke Chagoury Group. The idea behind it was how we could reclaim all the . Discover Africa's Next Growth Phase facebook.com/ronaldchagouryjr This Account is Private After Clinton left the State Department, Chagoury again found himself under suspicion by U.S. security officials. Hezbollah is part of the political reality of the country, Andrew Doran told the National Review. Newly released documents, obtained by the conservative watchdog group . 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. 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. Prior to this role, she was Deputy Managing Director at AIM Group, a multi-disciplinary group providing services in Architecture and Engineering . On Popular Bio, He is one of the successful Businessperson. In spite of his network of powerful friends, Chagoury has aroused the suspicions of U.S. security officials. A spokesman for Clintons campaign noted that the State Department has said the process has been managed by career real estate professionals.. According to Wikipedia, Forbes, IMDb & Various Online resources, famous Businessperson Ronald Chagoury's net worth is $1-5 Million at the age of 70 years old. 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. [], 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. Chicago Mayor Lightfoot ousted; Vallas, Johnson in runoff, Column: Supreme Court conservatives may want to block student loan forgiveness. Mrs. Moussalli-Nouri holds a first degree in civil engineering and a master's degree each in construction and structural engineering.. She currently serves as CEO of Wazobia TV & Wazobia MAX TV and is a member of the Young Presidents Organisation. Contact 3? Chagoury is a prominent example of the nexus between Hillary Clintons State Department and the familys Clinton Foundation, which has come under renewed scrutiny during her presidential run. KANO GOVERNORSHIP: GAWUNA, GRADUALLY GAINING GROUNDS. Ronald Chagoury Jr. is the Vice Chairman of South Energyx Nigeria Limited. 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. 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. 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. Ronald is married to Berthe, daughter of Blanche and Eduard Awad, and they have two children. These cookies allow us to better cater to our clients and users needs. During the rule of Gen. Sani Abacha, who seized power in Nigeria in 1993, Chagoury prospered, receiving development deals and oil franchises. Through their ownership of the Chagoury Group, Gilbert Chagoury and family have an estimated wealth of $4.2 . Last summer, when Chagoury planned a trip to Los Angeles, he applied at the U.S. embassy in Paris for a visitors visa and was refused, according to interviews and government documents. In the 1990s, Chagoury portrayed himself as an Abacha insider as he tried to influence American policy to be more friendly to the regime. Both Fortenberry and Chagoury face up to 15 years imprisonment if convicted. President Muhammadu Buhari is offering multi-million dollar contracts to the powerful leaders of armed local political groups in the hopes of being able to use their influence to the advantage of his party in the 2023 elections. Founder of the Chagoury Group, Ronald Chagoury was born in Nigeria on 8th January 1949. These cookies are required to ensure the reliability and security and our website. All of the children studied at the American University in Paris and both Gilbert-Antoine and Christopher graduated from New York universities. Contact 4? Comprehensive company profiles. All Rights Reserved. Clintons aide, Doug Band, even invited Chagoury to his wedding. Caline Chagoury - Executive Member Caline continually 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. Chagoury declined requests for an interview. 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 . Chagourys plans for the future include tying up the best of African industry to the resource needs of China, India and Latin America. 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. Ronald Chagoury estimated Net Worth, Salary, Income, Cars, Lifestyles & many more details have been updated below. Not amused in Nigeria, all that President Olusegun Obasanjo wanted to do at this time was to arrest Chagoury who cleverly avoided Nigeria like a plague. Yet others are Silhouette Furniture, Fleetwood Transportation, Glassforce, Ragolis Waters, Hyperia Internet, CKD Industries and Ideal Eagle Hospital which caters mostly to expatriate workers, including those of Royal Dutch Shell. With hisbusiness knowledge fully attuned, he quickly took oversight of the construction and civilengineering development of the Chagoury Group. According to a deferred prosecution agreement with the government, Chagoury accepted responsibility for his role and conduct that resulted in violations of federal election contribution laws between June 2012 and March 2016 and agreed to cooperate with the governments investigation. In 2010, he was pulled off a private jet in Teterboro, N.J., and questioned for four hours because he was on the Department of Homeland Securitys no-fly list. A cookie is a text file placed on the hard drive of your terminal (computer, smart phone, tablet, etc.) Ronald Chagoury Jr: First of all, Eko Atlantic was initially built as a defence against coastal erosion for Victoria Island and parts of Lekki. Los Angeles Times. It was this commitment which focussed Gilberts development of a business empire, almost entirely based in Africa. 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 the port, the grain is transported byFleetwood Transportation, another Chagoury Group company that operates like the Dangote Truck. LaHood, who at the time was suffering financial difficulties, admitted that in 2012 he accepted a $50,000 personal check from Baaklini with the word Loan written in the checks memo portion and understood at the time that the money came from Chagoury. Now Ronald Chagoury's primary focus is finishing Eko Atlantic. Read our free content to get a better idea of our editorial identity, This offer is open to all new subscribers and runs until 17/03/2023, Reputedly Africa's richest man, Nigerian industrialist Aliko Dangote continues to extend the reach of his "grey gold" realm. Very imp. Huma Abedin, a longtime aide and confidante to Clinton and now vice chairwoman of her presidential campaign, suggested Feltman. He is from Nigeria. How will society and cities evolve over the coming decades? The idea behind it was how we could reclaim all the land lost to coastal erosion in the past 100 years, create long-term protection, and then become a business centre for West Africa and eventually . Election 2016 | Live coverage on Trail Guide | Sign up for the newsletter. I never imagined what the future would hold for me, Chagoury once said of his boyhood in Nigeria. They are also used to create and log into your user account. 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. Get started with this writing template. Central District of California (Los Angeles) Ronald and the team are currently focused on the development of Eko Atlantic, a project for which Ronald Chagoury Jr. is Vice Chairman. Africa Intelligence uses cookies to provide reliable and secure features, measure and analyse website traffic and provide support to the website users.Apart from those essential for the proper operation of the website, you can choose which cookies you accept to have stored on your device.Either Accept and close to agree to all cookies or go to Manage cookies to review your options. [], 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. His name is on a gallery at the Louvre and a medical school in. On March 31, billionaire Gilbert Chagoury stood atop the plot of land he'd dredged from the sea around Lagos, beaming in the sweltering heat alongside U.S. Consul-General to Nigeria Claire . Soon after President Clinton named Donald E. McHenry a special envoy to Nigeria in 1995, Gilbert and brother Ronald Chagoury visited McHenry in his office at Georgetown University in Washington. At a 2009 Clinton Global Initiative conference, where business and charity leaders pledge to complete projects, the Chagoury Groups Eko Atlantic development nine square kilometers of Lagos coastal land reclaimed by a seawall was singled out for praise. 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. Its increasingly unpopular leader Ibrahim el-Zakzaky has lost support from Iran and is battling to keep his job. A 2013 FBI intelligence report, citing unverified raw information from a source, claimed Chagoury had sent funds to Aoun, who transferred money to Hezbollah. After a review, Chagoury was refused a visa to enter the U.S. last year. After Abachas death in 1998, the Nigerian government hired lawyers to track down the money. The organization, founded as a way for the Clintons to tap their vast network for charitable works, has tackled some of the steepest challenges in the developing world, including rebuilding Haiti and fighting AIDS in Africa. An In-depth Guide on Web Scraping. Check back often as we will continue to update this page with new relationship details. 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