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Forum for Good Governance Defends Tinubu’s Son on 700km Lagos-Calabar Coastal highway Contract


Forum for Good Governance Defends Tinubu’s Son on 700km Lagos-Calabar Coastal highway Contract

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… Says Atiku’s allegations raise about CDK Board Membership are unnecessary

Group under aegis of Forum For Good Governance (FGGN), has come out strongly to defend the President’s Son,Mr. Seyi Tinubu after former Vice President,Alhaji Atiku Abubakar faulted the award of contract to a company he serves as a board member.

Former Vice President, Alhaji Atiku Abubakar did allege that Seyi Tinubu is a director on the board of CDK Integrated Industries, a subsidiary of the Chagoury Group and faulting the award of contract for the Lagos-Calabar coastal road.

He cited a report by Paris-based Africa Intelligence News Agency where it was revealed by the Corporate Affairs Commission that Seyi is officially a business associate of Chagoury, thus it was not surprising that the Chagoury Group had become the biggest beneficiary of the Tinubu largesse.

But the Forum in a press release jointly signed by the National Coordinator and Secretary;Comrade Abraham Douglas and Comrade Bala Galadima Ikara defended Seyi Tinubu, stating, “The fact that his father is the President should not deny him the access to pursue legitimate business interests within and outside the country.So the issue of CDK board membership is unnecessary.

According to the forum, Seyi joined the Board of Directors of CDK in 2018 as an investor, with a good record of performance and capacity.So ,why deny such investor with the right to business patronage because, his father is the president.

While stating that the gigantic projects such as, the 700km Lagos-Calabar Coastal highway done by Hitech Construction Company Ltd, will boost the economy; engender growth and development, the Forum said , “Seyi Tinubu, an adult has the right to do business once such is within the limits of the law.”

It asked, ” How has Seyi as an investor on the board of CDK, conflicts with Hitech Construction Company’s work on Lagos-Calabar Coastal superhighway.

“Unfortunately for Atiku who raised the issue, the Chairman of CDK and the highest shareholder of the company is General T.Y. Danjuma (retd.) and not Seyi Tinubu, who has been involved in business several years,before the father became President.

“He who must come to equity must come with clean hands. If Atiku raised an issue of conflict of interest,what we do say of him during his days as the vice-president, established Intels Nigeria with an Italian entrepreneur while serving in the Nigeria Customs Service.”

The statement further reads: “When he was Vice President of Nigeria between 1999-2007, he maintained his business links with Intels that won major port concession deals in Nigeria.”