22/08/2026
A business empire with deep ties to Nigeria’s political establishment also carries a controversial chapter from the country’s past.
Gilbert Chagoury, a Nigerian-Lebanese businessman and longtime associate of President Bola Tinubu, is connected through his companies to a portfolio of major Nigerian infrastructure projects estimated at about $20 billion.
But Chagoury’s history with Nigeria goes back much further.
In 2000, a Swiss court convicted him of money laundering and aiding a criminal organisation in connection with funds linked to the family of former military ruler Sani Abacha. Chagoury paid a 1 million Swiss franc fine and agreed to return about $66 million to Nigeria. He has maintained that he did not know the money was stolen.
Fast-forward to today, companies linked to Chagoury are involved in some of Nigeria’s biggest infrastructure projects, including the Lagos-Calabar Coastal Highway and major port-related works. His growing role has raised questions over procurement, transparency and the relationship between political connections and access to major public projects.
Tinubu awarded Chagoury Nigeria’s GCON, the country’s second-highest national honour, in January 2026.
The issue is not whether Chagoury has built businesses or infrastructure in Nigeria. It is whether Nigerians are getting full transparency and value for money from the enormous public projects connected to his companies.
What do you make of Chagoury’s growing role in Nigeria’s infrastructure sector?
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