Categories: Latest News

Did Tinubu build Eko Atlantic City ?

Eko Atlantic is a private project fully initiated and funded by the Chagoury family through their companies.
The project was neither initiated nor built by Bola Tinubu.

While Tinubu was Governor of Lagos State from 1999 to 2007, Eko Atlantic project was commenced in 2009 by South Energyx Nigeria Limited, a member of the Chagoury Group of Companies.

The Lagos State Government, whether during or after Tinubu did NOT and is NOT funding the project. Not even by a kobo. Rather the Chagoury Group paid various amounts to the LASG and FG for approvals to construct the project.

The main motivation was to protect their investment, Eko Hotel and Towers from the receding shoreline which was then threatening to consume the multi-billion naira hotel and other investments of the Group along that shoreline.

Lagos State Government wasn’t forthcoming with any solutions, so Chagoury undertook it as a private project and literally own all the land they created there.

The story is similar for the Lekki Port and Free Trade Zone which is a private project of the Vaswani family.
These are projects for which Tinubu and Lagos State Government have tried to claim much credit as legacy projects.

Lagos will always attract projects as a former Colony, capital (for several decades), the consequent large population and its peculiar shoreline location along the Atlantic.

Every fact put out above is verifiable.

Ameh Jazzia-Becky

Recent Posts

Man drags wife to court, claims she uses private part water for cooking

The Grade A Customary Court, Mapo, Ibadan, Oyo State, has directed that a fresh hearing…

14 hours ago

Woman seeks divorce, claims husband counts pieces of meat in the pot

A 23-year-old woman from George Township, Zambia, Margaret Kabanda, has taken her husband, Emmanuel Tembo,…

14 hours ago

Maiduguri Crusade: Day Dr Paul Enenche ignited a Fire of Revival in Borno State

Maiduguri, the heart of Borno State—once considered a no-go area due to years of insecurity—witnessed…

17 hours ago

Peter Obi donates N20 million to Nursing Colleges in Imo, Anambra

The 2023 presidential candidate of the Labour Party (LP), Mr. Peter Obi, has donated N20…

18 hours ago

BSU student drowns in River Benue after late-night swim

The lifeless body of a 24-year-old student from Benue State University (BSU), Makurdi, Mr. Abel…

18 hours ago

Natasha: UN acknowledges demand for evidence in Akpabio harassment case

The United Nations (UN) has assured that it will consider a petition submitted by supporters…

18 hours ago