Trump is encouraging and amplifying the message of a radical fringe of conservatives, Clinton says. Ronald Chagoury. Chagoury never got a scolding, though. After Abachas death in 1998, the Nigerian government hired lawyers to track down the money. Most notable among them is the lucrative deepwater Akpo gas field, OML 130. BUSINESS LEAKS gathered that even though Gilbert Chagoury broke the bank for Jonathans campaign, he also gave donations to the APC leading to Tinubu arranging a meeting between Chagoury and Buhari before the election. Operating under the Chagoury Group an industrial conglomerate founded in 1971 with interests in almost every viable sector in Nigeria. Ronald and the team are currently focused on the development of Eko Atlantic, a project for which Ronald Chagoury Jr. is Vice Chairman. Bringing with him his experiences, Laurent continues to push the core values of The Chagoury Group. Follow. For Ronald, sustainability. No deal has been signed, State Department spokeswoman Elizabeth Trudeau said. The ties between Chagoury and Aoun ended years ago in a dispute over oil franchises, said Michel de Chadarev, an official with Aouns party. As you know hes key guy there and to us and is loved in Lebanon. (Getty Images) Reporting from Washington Nigerian . Lets check, How Rich is Ronald Chagoury in 2019-2020? During the rule of Gen. Sani Abacha, who seized power in Nigeria in 1993, Chagoury prospered, receiving development deals and oil franchises. Continue with Recommended Cookies. 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 has ranked on the list of those famous people who were born on January 8, 1949. Chagoury entered into the agreement on October 19, 2019, and he paid the fine in December 2019. Born in Lagos, Nigeria by immigrant parents in the 1930s, Gilbert hes all-in-all a Nigerian albeit of Lebanese blood and Ronald owned a number of great investments in Nigeria. 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. BUSINESS LEAKS gathered that Gilbert Chagoury began to court Tinubu from his early days as governor of Lagos State. I especially thank my friends Gilbert and Ron Chagoury for making it happen, he said. 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. He earned the money being a professional Businessperson. He was St. Lucias ambassador to UNESCO and the Vatican until 2017. Nuhu Ribadu believed that it was powerful businessmen like Chagoury that forced his removal from the EFCC after Obasanjos exit. Based on the FBI report and other allegations from intelligence and law enforcement sources, the State Department denied the application. A federal grand jury also indicted Rep. Fortenberry, alleging that the Nebraska GOP congressman concealed information and made false statements to authorities. Chagoury believes it was unfair for government officials to disclose the episode and to suggest that he was a potential threat, Corallo said. 2023 Manpower Nigeria. ) or https:// means youve safely connected to the .gov website. Ronald Chagoury Jr. was born onJanuary 8th, 1949in Lagos State, Nigeria, to Lebanese immigrant parents,Ramez and Alice Chagoury. 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. 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. The Chagoury Group of companies is headquartered in West Africa and its portfolio of activities include construction and property development, flour Mills, water bottling and purification, glass manufacturing, insurance, hotels, furniture manufacturing, telecommunications, IT, catering and international financing. The Chagoury brothers own the prestigious Eko Hotel & Suites, HITECH Construction Company and ITB Construction Limited. Two years after the death of Abacha, a court in Switzerland convicted Chagoury for his involvement in what was globally seen as epic treasury looting and money laundering. That was the situation until power changed hands in Nigeria in 2015. Sign up for real-time alerts and be notified of new editions! Gilbert Chagoury, a major donor to the Clinton Foundation, was denied entry to the U.S. last year by the State Department. Ronald's parentsemigrated to Nigeria in the 1940s where they instantly laid down roots and became fully part of Nigerian society and culture. The Lebanese agreed to pay a $600,000 fine and return $66 million to the Nigerian government. Chagoury is married to Berthe, the daughter of Blanche and Eduard Awad, and they have two children. Learn More In the News Ciaran McEvoy They were not only close to the Abacha and Jonathan families, but also chummy with many other socialites, celebrities and power brokers. Contact 2? A .gov website belongs to an official government organization in the United States. This Nigerian business-related biographical article is a stub. This month, the foundation announced that it would stop accepting donations from foreigners and corporations should Clinton win the presidency. He earned the money being a professional Businessperson. 2018 Chagoury Group. []. Ronald Chagoury prefers not to tell the details of marital status & divorce. Arsan, a physician who worked as an assistant to Chagoury, admitted helping Chagoury reimburse others for contributions to political candidates. The brothers returned briefly to the spotlight in April 2020 when they significantly boosted Nigerias fight against the spread of the deadly coronavirus pandemic with the donation of N1 billion to Lagos State government. Ronald Chagoury current age 70 years old. 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. After studying at the College des Freres Chretiens in Lebanon, Ronald enrolled in business studies at Long Beach University, California. The trail led to bank accounts all over the world; some under Gilbert Chagourys control. All Rights Reserved. In a separate and unrelated matter, Ray LaHood, 75, who served as U.S. Secretary of Transportation from 2009 to 2013, paid a $40,000 fine to resolve a federal criminal investigation into LaHoods conduct related to a $50,000 financial transaction between LaHood and Baaklini in June 2012. Discover Africa's Next Growth Phase facebook.com/ronaldchagouryjr This Account is Private The two men are also in business together, and are both on the board of the Loatsad Promomedia communications consultancy. The list includes: Aliko Dangote, Founder and CEO, Dangote Group; Stella Okoli, Founder, Emzor Pharmaceuticals, Prince Adesegun Oniru, Founder Made In Nigeria (MaIN) Group and immediate-past Lagos State Commissioner for Waterfront and Infrastructure Development; Ronald Chagoury, Founder and CEO, Chagoury Group and Jim Ovia, Founder, Zenith Bank. Ronald Chagourys height Unknown & weight Not Available right. 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. In the years afterward, Chagourys wealth grew. Have a question about Government Services? Calinehas since expanded her role in The Chagoury Group to look over various other companies. 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. 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. Others are Eko Hotel and Suites Lagos, Hotel Presidential Port Harcourt, Courdeau Catering, Convention Centre, Ideal Flour Mills Kaduna, Niger Delta Flour Mills, Grands Moulins Du Benin and Nigerian Eagle Flour Mills whose products include Semolina; popularly called Semo. Official websites use .gov Ronald Chagourys Net Worth: $1-5 Million. Get the latest News and updates of issues from Nigeria, Africa and around the World, direct into mailbox. Trumps immigration pivot: Will he be the latest Republican to alienate the base? You can modify or delete your notifications or summaries in your account. 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 . In July this year, Chagoury was in Paris, France to join his fellow billionaires as guests of French President, Emmanuel Macron. As a businessman, Chagoury has been a confidant of many African leaders and serves as ambassador of St Lucia, in the Americas. 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. His parents emigrated from Lebanon to Nigeria in the 1940s. 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 The Chagoury brothers own the prestigious Eko Hotel & Suites, HITECH Construction Company and ITB Construction Ltd. Slack All Over Again. After a review, Chagoury was refused a visa to enter the U.S. last year. [1], Chagoury is married to Berthe, and they have two children. 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. From the port, the grain is transported byFleetwood Transportation, another Chagoury Group company that operates like the Dangote Truck. 2022 Business Leaks. 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. Under 18 USC Section 1001, the penalty for making false statements is a maximum sentence of up to five years in prison. 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. More from Medium. Fearing the worst after the second meeting, he left never to return. The company is currently working on Eko Atlantic, a new city construction project located off Victoria Island, adjacent to Lagos. Buttering up Buhari Tinubu and Chagoury have helped each other out many times. 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.) 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. They have four children, Ramez, Gilbert-Antoine, Christopher and Anne-Marie. In the 1990s, Chagoury portrayed himself as an Abacha insider as he tried to influence American policy to be friendlier to the junta. Two months ago, James Entwistle, then the U.S. ambassador to Nigeria, wrote to Washington, asking permission to sign a 99-year lease. She said at a recent briefing that she was unaware of whether Hillary Clinton knew the site was under consideration; it was on a list of possibilities submitted by a real estate firm in 2012, Trudeau said in response to questions from The Times. [1], Chagoury's name has appeared in the Panama Papers.[2]. He is abusinessman, diplomat and philanthropist. Ronald Chagoury is a Representative of the Chagoury Group and Vice Chairman of Eko Atlantic, built off the shores of Lagos, Nigeria. 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. Al Anany. Of course, thats his new home since he chose to leave Nigeria in 2015. 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