He earned the money being a professional Businessperson. 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. The consent submitted will only be used for data processing originating from this website. View Ronald Chagoury Jr's profile on LinkedIn, the world's largest professional community. According to the Justice Department, on Oct. 21, Joseph Arsan at Chagoury's direction wired $30,000 to Ayoub, indicating on the wire form that the funds were for a "wedding gift." Its still on sale. Ciaran McEvoy The billionaire was then shuttling London, Beirut and Dubai to attend to business issues until he finally settled for Paris as his new base where he was plucked to be part of Macrons France-Nigeria Business Council headed by Nigerian billionaire, Abdulsamad Rabiu. When Bands email was made public this month, Donald Trump pounced, calling the Chagoury episode illegal and a pay-to-play scheme. 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. Get in touch with us via. 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. During the rule of Gen. Sani Abacha, who seized power in Nigeria in 1993, Chagoury prospered, receiving development deals and oil franchises. 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. After Abachas death in 1998, the Nigerian government hired lawyers to track down the money. Its grand cheerleaders boast that upon completion, the new Eko Atlantic would match New Yorks Manhattan. It was this commitment which focussed Gilberts development of a business empire, almost entirely based in Africa. Designed by FixIT Services. His parents, Ramez and Alice Chagoury were Lebanese immigrants who raised all their children in Nigeria, a country they had both come to love passionately. Chagoury, who denied knowing the funds were stolen, paid a fine of 1 million Swiss francs, then about $600,000, and gave back $65 million to Nigeria; a Swiss conviction was expunged, a spokesman for Chagoury said. 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. 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 75-year-old Nigerian billionaire of Lebanese descent has been living in Paris, France since 2015, after he fell out of favor with the new political establishment in Nigeria led by President Muhammadu Buhari. Ronald Chagoury Jr Eko Atlantic - A New Green & Smart City Set To Become A Financial And Business Center In Lagos, Nigeria Published Oct 9, 2018 + Follow The formula for economic development isn . 2018 Chagoury Group. 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. 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.. Some of the big contracts given to the Chagoury Group in Nigeria include the State Security Headquarters the State Security Headquarters Building in Abuja, Nigeria; heNigerian Defence Academy; Ocean Parade Towers, a luxury residential development onBanana IslandLagos; the National Assembly Complex inAbuja; 800 units staff housing complex for ALSCONs Aluminium Smelter Plant; a housing, school and leisure complex for Elf Petroleum Nigeria Limited; a foreshore development project on Osborne Road Ikoyi; a 13-floor residential development project on Victoria Island; 19-floor Intercontinental Hotel onVictoria Island; a new headquarter for Magnum Trust Bank; and the new headquarters and office complex for TOTAL oil company in Port Harcourt. Full body measurements, dress & shoe size will be updated soon. Fearing the worst after the second meeting, he left never to return. []. On 3-count charges one count of scheming to falsify and conceal material facts and two counts of making false and misleading statements to federal investigators for illegal contributions to re-election campaign of Nebraska Republican Congressman, Rep. Jeff Fortenberry. [], 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. He is married to Rose-Marie Chamchoum, also a Lebanese with links to Niger Republic. He is ranked on the list of 2225 popular Businessperson. Stay on top of your Business Credit File . LOS ANGELES A Lebanese-Nigerian billionaire has resolved and two of his associates have agreed to resolve a federal investigation that they conspired to violate federal election laws by scheming to make illegal campaign contributions to U.S. presidential and congressional candidates, the Department of Justice announced today. Later, LaHood also made misleading statements to FBI agents investigating Chagoury about the check and its source. Los Angeles Times. A close associate of Hillary and Bill Clinton, Chagoury runs the Chagoury Group with his. Dating is to describe a stage in a persons life when he or she is actively pursuing romantic relationships with different people. KANO GOVERNORSHIP: GAWUNA, GRADUALLY GAINING GROUNDS. Ronald returned to Nigeria after his education. Arsan agreed to pay $1.7 million in penalties to resolve the tax probe and to cooperate in the governments investigation. Ronald has 2 jobs listed on their profile. 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 Clinton campaign spokesman said Judicial Watch, the conservative organization that sued to make the emails public, has been attacking the Clintons since the 1990s.. ABOUT RONALD CHAGOURY. 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. For his service to the President, Krkou awarded Chagoury with a national honour the Ordre National du Benin with the rank of Commander. A year ago, after his visa application was denied, Chagourys mansion was put on the market, with an asking price of $135 million. He further admitted to making illegal conduit contributions causing campaign contributions to be made in the name of another individual. Stay informed anytime, anywhere! In 2005 Laurent graduated from the American University of Paris with a Bachelor of Arts degree in Business Administration and soon went on to work in the finance industry across Europe. They are also used to create and log into your user account. . The Chagoury has a huge stake in Tin Can Island which was built byC&C Construction, an arm of the Chagoury Group, to service the growing demands of its flour mills. Soon after President Clinton named Donald E. McHenry a special envoy to Nigeria in 1995, Gilbert and Ronald Chagoury visited McHenry in his office at Georgetown University in Washington. He currently is Chairman of the board of directors of Eko Hotels Limited; Executive Director of ITB Nigeria limited and sits as Director to various companies including Nigerian Eagle Flour Mills Ltd.; Courdeau Nigeria Ltd.; Courdeau Catering Nigeria Ltd. and Eko Development Company Limited. The Justice Department also said Rep. Fortenberry repeatedly lied to and misled authorities during the investigation into illegal contributions made by Chagoury to his reelection campaign. 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. By last summer, U.S. diplomats had selected a 9.9-acre property at Eko Atlantic as the preferred site for a new Lagos consulate, State Department documents obtained by the Los Angeles Times show. She is the daughter of Ronald Chagoury and niece of Gilbert Chagoury, a pair of powerful Nigerian-born Lebanese businessmen. 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. Dolphin Drilling wins $96 million contract in Nigeria. -major contractor an offshore company registered in tax haven, British Virgin Islands. 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). Ronald Chagourys Net Worth: $1-5 Million. After Abachas death in 1998, the Nigerian government hired lawyers to track down the money. Gilbert was sent to study at the College des Freres Chretiens in Lebanon and after returning to Nigeria began a promising business career, rising quickly to become Director of Sales for a Nigerian car company. Band declined to comment for this story. In 1969, Gilbert and Rose-Marie married. The visa decision process is opaque and provides little recourse for those who are denied entry. Gilbert and his brother, Ronald, who have built a reputation as giants of global philanthropy, are among Africas richest men with generous donations to charitable projects around the world. The Chagoury wedding attracted former dictator Ibrahim Babangida, his pet and lackey, Chief Ernest Shonekan, former military dictator and IBB's cousin, General Abubakar Abdusalam, and former. His phenomenal influence started during the late Sani Abacha era but it peaked during the Goodluck Jonathan era. Gilbert and brother Ronald Chagoury visited McHenry in his office at Georgetown University in Washington. 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