A storm of controversy has erupted in Nigeria following revelations that a company linked to President Bola Tinubu’s son, Seyi Tinubu, and billionaire businessman Gilbert Chagoury has secured nearly $14 billion in federal contracts since Tinubu assumed the presidency. The allegations, detailed in a series of investigative posts by the group GST (@wearegst) on X, have raised serious questions about transparency, conflicts of interest, and the integrity of Nigeria’s public procurement process.
According to GST’s investigation, Seyi Tinubu, the president’s son, has deep ties to the Chagoury family, a prominent Lebanese-Nigerian business dynasty. Leaked documents reveal that Seyi co-owns an offshore company with Ronald Chagoury, the son of Gilbert Chagoury, a longtime associate of President Tinubu. Additionally, Seyi reportedly sits on the board of CDK Industries, a subsidiary of the Chagoury Group, further intertwining the families’ business interests.