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. Arsans deferred prosecution agreement, which took effect in November 2020, also resolves a criminal investigation into his alleged tax violations in the years 2012 to 2016 stemming from his failure to report money he held in foreign bank accounts. Chagoury has also donated to Republicans. The U.S. was pushing for the return of democratic rule in Nigeria; Abacha, meanwhile, was eager to have his country taken off a U.S. list of nations that enabled drug trafficking, McHenry said. Welcome to the new world of Nigerian billionaire of Lebanese descent, Gilbert Ramez Chagoury. Since the 1990s, Chagoury has also cultivated a friendship with the Clinton family in part by writing large checks, including a contribution of at least $1 million to the Clinton Foundation. Abacha turned out to be one of the most notorious kleptocrats in memory, stealing billions in public funds, acting Assistant Atty. 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. Franco-Lebanese businessman Gilbert Chagoury, who lives in Paris, is banking on Bola Tinubu becoming Nigeria's new president after next year's elections. Accept Read More, Nigeria: 830 persons kidnapped, 69 terror bandits killed in Kaduna State within 3 months, Black Americans undercounted in U.S. 2020 Census, two new studies show, Worries Over Future Of The Internet As ITU Plenipotentiary Holds, What pandemic? How NNPC intrigues stalled ExxonMobils sales of $1.52 billion assets to Seplat, BUSINESS LEAKS invited to speak at UKs Financial Crime Roundtable, SPECIAL REPORT: Nigerias seaports of oligarchs and monopoly czars, SPECIAL REPORT: Nigerias deep-sea paradox, Botswana at 57: The need to break the barrier of insularity, How Nigerian fraudsters loot European banks (2). A close associate of Hillary and Bill Clinton, Chagoury runs the Chagoury Group with his. On this Wikipedia the language links are at the top of the page across from the article title. Satellite Times trains journalists on Shipping Fraud and allied Maritime Investigations. After Clinton left the State Department, Chagoury again found himself under suspicion by U.S. security officials. He is the Vice Chairman of South Energyx Nigeria Limited, which is part of the Chagoury Group, a multinational business conglomerate based in Lagos, Nigeria. Ronald Chagoury. When Chagoury's younger brother Ronald got married in 2007, Tinubu flew to Monaco for the wedding. They tried every key on the piano.. I especially thank my friends Gilbert and Ron Chagoury for making it happen, he said. Beneficial Ownership: Oil Fields OML 112 and OML 117 belongs to father of Niger State governor, INVESTIGATION: How Petronor OML Joint Venture was brokered, OML-29 Saga Knives out over $2.7 billion as 7 Nigerian banks battle in London court, How Defence products expanded Nigeria-Turkey trade volume. In spite of his network of powerful friends, Chagoury has aroused the suspicions of US security officials. Ronald Chagoury Jr. was born onJanuary 8th, 1949in Lagos State, Nigeria, to Lebanese immigrant parents,Ramez and Alice Chagoury. An example of data being processed may be a unique identifier stored in a cookie. 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. [17] Personal life [ edit] He has been married since 1969 to Rose Marie Chamchoum. He left Nigeria for Lebanon for his university education at College des Freres Chretiens. He said Chagoury last saw Hillary Clinton at a 2006 dinner. At the center of allegations against Nebraska Rep. Jeff Fortenberry, who was indicted this week by a federal grand jury, is a Nigerian billionaire of Lebanese descent named Gilbert Chagoury. With brother Ronald Chagoury in partnership, the Chagoury industrial and financial empire has grown to encompass a multi-faceted business conglomerate determined to break the myths and perceptions of African developmental limitations. Why the USC/L.A. It was this commitment which focussed Gilberts development of a business empire, almost entirely based in Africa. Gilberts commitment to African development was further cemented following his marriage to Rose Marie Chamchoun, the daughter of a successful businessman operating in Niger and Benin. Find Ronald Chagoury stock photos and editorial news pictures from Getty Images. No deal has been signed, State Department spokeswoman Elizabeth Trudeau said. Seyi and Ronald Chagouri are close business partners. Follow. 14 Followers. A friend and spokesman, Mark Corallo, said Chagoury was a generous and peace-loving man unfairly scrutinized because of his association with the Clintons. 2022 Business Leaks. Ribadu would with regrets tell a foreign interviewer how Chagoury slipped through his fingers apparently on a tip-off. 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. 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. Contact 4? Two months ago, James Entwistle, then the U.S. ambassador to Nigeria, wrote to Washington, asking permission to sign a 99-year lease. Get in touch with us via. Your email address will not be published. Ronald Chagoury. In the 1990s, Chagoury portrayed himself as an Abacha insider as he tried to influence American policy to be friendlier to the junta. 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. The two men are also in business together, and are both on the board of the Loatsad Promomedia communications consultancy. Ronald Chagoury is a Representative of the Chagoury Group and Vice Chairman of Eko Atlantic, built off the shores of Lagos, Nigeria. Required fields are marked *. During the rule of Gen. Sani Abacha, who seized power in Nigeria in 1993, Chagoury prospered, receiving development deals and oil franchises. Of course, thats his new home since he chose to leave Nigeria in 2015. On Popular Bio, He is one of the successful Businessperson. Gilbert Chagoury, a major donor to the Clinton Foundation, was denied entry to the U.S. last year by the State Department. United States Attorneys Office 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 A federal grand jury also indicted Rep. Fortenberry, alleging that the Nebraska GOP congressman concealed information and made false statements to authorities. They are also used to create and log into your user account. BUSINESS LEAKS gathered that Gilbert Chagoury began to court Tinubu from his early days as governor of Lagos State. Two years ago, he helped pay for a conference in Washington on the persecution of Christians in the Middle East; some attendees supported Hezbollah, but the director of the group that organized the conference said that didnt mean Chagoury or other conference organizers were among them. He was admitted to the New York bar in 2006 and practiced law in the United States for 2 years. Learn More In the News State of the States: Kwara. Caline Ronald Chagoury is the sole director and shareholder. Read My Stories. For the last three decades, Corallo said, 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. Discover businesses, people, places and things in and outside Nigeria. The terminal handles wheat, maize and malt used for the brewing process. From the port, the grain is transported byFleetwood Transportation, another Chagoury Group company that operates like the Dangote Truck. 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 . [], Oil theft in Nigeria's Niger Delta region has become rampant. A year ago, after his visa application was denied, Chagourys mansion was put on the market, with an asking price of $135 million. Ronald is married to Berthe, daughter of Blanche and Eduard Awad, and they have two children. Real-time trigger alerts. Co-founders, in 1971, of the Chagoury Group, brothers Gilbert and Roland Chagoury are, at the age of 70, the head of a very diversified conglomerate (construction, real estate, milling, bottling, insurance, hotels, telecoms, etc.) . Joseph Tanfani previously covered the Justice Department and Homeland Security in the Washington, D.C., bureau. Ciaran McEvoy In the mid-1990s, Chagoury donated nearly $500,000 to a voter-registration drive designed to help Democratic candidates, attended a White House dinner for premium donors, and met with high-ranking . SHEKARAU/KWANKWASO: THE FUTILITY OF THE FRATERNITY. Chagoury now backs an Aoun rival for the presidency. After studying at the College des Freres Chretiens in Lebanon, Ronald enrolled in business studies at Long Beach University, California. 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. A lock ( KANO GOVERNORSHIP: GAWUNA, GRADUALLY GAINING GROUNDS. You can modify or delete your notifications or summaries in your account. 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. 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. 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 has denied ties to Hezbollah. A spokesman for Clintons campaign noted that the State Department has said the process has been managed by career real estate professionals.. 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. It is not in his principles to act as transporter to anyone.. Who are President Bidens Cabinet members? He is the owner of the giant Eko Hotel & Suites in Lagos and the groundbreaking Eko Atlantic City. Published at Jan 23, 2023 by darshan12 #tutorial. Get the latest News and updates of issues from Nigeria, Africa and around the World, direct into mailbox. Once registered, you will be notified by a short message on your computer or mobile phone as soon as a new edition of our publication or an alert is published. He also has a position among the list of Most popular Businessperson. After studying at the College des Freres Chretiens in Lebanon, Ronald enrolled in business studies at Long Beach University, California. Corallo did not answer questions about the visa denial, but said Chagoury has been a friend and supporter of America all his life and that any allegation that Mr. Chagoury is involved in any way with providing material support to any terrorist organization, of any stripe, is false, outrageous and defamatory. He said Chagoury has no business interests in Lebanon. Biography, Net Worth, Gossips, Salary, News & Much More. [16] He has also donated US$10,000 to the Beverly Hills 9/11 Memorial Garden in Beverly Hills, California. List of user support cookies: LiveChat. His business empire has interests in construction, real estate,. Having worked in various firms, and after completing an MBA program at the University of Southern California, Laurent moved to Lagos, Nigeria to be an Executive Member in The Chagoury group to oversee multiple companies. Based on the FBI report and other allegations from intelligence and law enforcement sources, the State Department denied the application. Chagoury declined requests for an interview. Ronald Chagoury was born in Nigeria on 8 January 1949, the son of Ramez and Alice Chagoury, who had emigrated from Lebanon in the 1940s. 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