Former Vice President Atiku Abubakar has raised concerns about President Bola Tinubu’s alleged conflict of interest, suggesting that Seyi’s involvement with a company linked to one of the president’s business allies poses ethical issues.
Atiku pointed to Seyi Tinubu’s role on the board of CDK Integrated Industries, a company under the Chagoury Group owned by Gilbert Chagoury, as indicative of a potential conflict of interest.
The Chagoury Group is reportedly involved in the Lagos-Calabar coastal highway project, a contract awarded during Tinubu’s tenure.
Expressing his dismay, Atiku criticized the manner in which the contract was awarded and executed, citing rushed processes and purported violations of procurement laws. He emphasized the need for Tinubu to prioritize attracting genuine investors rather than relying on what he termed as propaganda.
His words: “It is on record that this project is the most expensive single project ever embarked upon by the Nigerian government. The fact that it is happening at a time Nigeria is facing its worst economic crisis ever is a red flag.
“To add insult to injury, this project that is being done in excess of $13bn was awarded without a competitive bidding.
“From all indications, the so-called Badagry-Sokoto highway would be awarded in a similar fashion at an enormous cost to taxpayers purely because Tinubu has put his personal interest ahead of the Nigerian people.”