Caline Ronald Chagoury is the sole director and shareholder. The Chagoury Groups Tin Can Island Grain Receiving Facility and associated Storage Silos is one of the principal gateways for commodities arriving in Nigeria and services wheat deliveries to bothIdeal Flour Millsin Kaduna andNigerian Eagle Flour Millsin Ibadan. He is the owner of the giant Eko Hotel & Suites in Lagos and the groundbreaking Eko Atlantic City. Chagoury wooed and ensnared Presidents Umaru YarAdua and Goodluck Jonathan. Find Ronald Chagoury stock photos and editorial news pictures from Getty Images. He owns a seven-bedroom hilltop mansion in Beverly Hills in California, and he has a high-level network of friends from Washington to Lebanon to the Vatican, where he serves as an ambassador for the tiny island nation of St. Lucia. His business empire has interests in construction, real estate,. Chagoury told ABC News and the Center for Public Integrity at the time that he was miffed because his travel problems made him miss seeing the Lakers in the playoffs. The Chagoury brothers own the prestigious Eko Hotel & Suites, HITECH Construction Company and ITB Construction Ltd. Clintons aide, Doug Band, even invited Chagoury to his wedding. Let's check, How Rich is Ong, Keji Giwa estimated Net Worth, Biography, Age, Height, Dating, Relationship Records, Salary, Income, Cars, Lifestyles & many more details have been updated below. Under 18 USC Section 1001, the penalty for making false statements is a maximum sentence of up to five years in prison. I never imagined what the future would hold for me, Chagoury once said of his boyhood in Nigeria. Co-founders, in 1971, of the Chagoury Group, brothers Gilbert and Roland Chagoury are, at the age of 70, the head of a very diversified conglomerate (construction, real estate, milling, bottling, insurance, hotels, telecoms, etc.) in General Legal Studies with specialization in Business law and international Litigation and arbitration from the New York University School of Law. Chagoury, who denied knowing the funds were stolen, paid a fine of 1 million Swiss francs, (about $600,000), and gave back $65 million to Nigeria; to get his Swiss conviction expunged. [16] He has also donated US$10,000 to the Beverly Hills 9/11 Memorial Garden in Beverly Hills, California. It is not in his principles to act as transporter to anyone.. Manage Settings Chagoury entered into the agreement on October 19, 2019, and he paid the fine in December 2019. Official websites use .gov LaHood, a former Republican congressman who served in the first term of the Obama administration, agreed to pay a $40,000 fine to resolve a federal criminal probe into a loan he received from Chagoury. A locked padlock I never imagined what the future would hold for me, Chagoury once said of his boyhood in Nigeria. Ronald's parentsemigrated to Nigeria in the 1940s where they instantly laid down roots and became fully part of Nigerian society and culture. Wikipedia describes state capture as a type of systemic political corruption in which private interests significantly influence a states decision-making processes to their own advantage. Many businesses in Nigeria have thrived on this principle. According to a deferred prosecution agreement with the government, Chagoury accepted responsibility for his role and conduct that resulted in violations of federal election contribution laws between June 2012 and March 2016 and agreed to cooperate with the governments investigation. Of course, thats his new home since he chose to leave Nigeria in 2015. -major contractor an offshore company registered in tax haven, British Virgin Islands. Drug Enforcement Administration investigations have also found that Hezbollah is in league with Latin American cartels to launder hundreds of millions of dollars in drug profits. The 75-year-old Nigerian billionaire of Lebanese descent has been living in Paris, France since 2015, after he fell out of favor with the new political establishment in Nigeria led by President Muhammadu Buhari. Ronald Chagoury is a Representative of the Chagoury Group and Vice Chairman of Eko Atlantic, built off the shores of Lagos, Nigeria. RELATED STORIES. He returned to hibernation for backing the wrong horse but recently began to stage a comeback hosting in Paris last July, the presidential candidate of the All Progressive Congress (APC), Bola Ahmed Tinubu. Contact 3? (213) 894-4465. Share sensitive information only on official, secure websites. Prior to this role, she was Deputy Managing Director at AIM Group, a multi-disciplinary group providing services in Architecture and Engineering . He said that Chagourys lawyers resolved the issue and that he never asked anyone else for help. Baaklini also agreed to pay a $90,000 fine as part of his agreement and agreed to cooperate with the governments investigation. An official website of the United States government. He almost made it completely out of hibernation under Jonathan but ran into troubled waters again by funding Jonathans re-election campaigns in 2014 against the winner President Muhammadu Buhari. According to Wikipedia, Forbes, IMDb & Various Online resources, famous Businessperson Ronald Chagourys net worth is $1-5 Million at the age of 70 years old. All rights reserved. The billionaire was said to have made the US his initial new abode, while his younger brother, Ronald held forte in Nigeria. Chagoury is alleged to have bankrolled the election campaign of then President Goodluck Jonathan who was defeated by Buhari. He was admitted to the New York bar in 2006 and practiced law in the United States for 2 years. Chagoury, who denied knowing the funds were stolen, paid a fine of 1 million Swiss francs, then about $600,000, and gave back $65 million to Nigeria; a Swiss conviction was expunged, a spokesman for Chagoury said. A Lebanese-Nigerian billionaire agreed to pay the U.S. government $1.8 million to resolve allegations that he conspired to violate federal election laws in a "straw donor" scheme to route illegal foreign contributions to U.S. presidential and congressional candidates, the Justice Department announced Wednesday. Now Ronald Chagoury's primary focus is finishing Eko Atlantic. Franco-Lebanese businessman Gilbert Chagoury, who lives in Paris, is banking on Bola Tinubu becoming Nigeria's new president after next year's elections. Abacha turned out to be one of the most notorious kleptocrats in history, stealing billions in public funds. Gilbert Chagoury, a major donor to the Clinton Foundation, was denied entry to the U.S. last year by the State Department. Founder of the Chagoury Group, Gilbert Ramez Chagoury was born in Lagos, Nigeria on 8th January 1946. He was St. Lucias ambassador to UNESCO and the Vatican until 2017. Lebanese billionaire Chagoury banks on presidential candidate Bola Tinubu. If you would like to change your settings or withdraw consent at any time, the link to do so is in our privacy policy accessible from our home page.. Barely one year after its debut as a business-investigation-based -HLSI dogged by $20 million illegal transfer scandal With brother Ronald Chagoury in partnership, the Chagoury industrial and financial empire has grown to encompass a multi-faceted business conglomerate determined to break the myths and perceptions of African developmental limitations. He walked the labyrinth of Nigerias power corridor through successive military regimes, striking gold under the late military strongman, General Sani Abacha, to whom he was a personal economic advisor. Chagoury believes it was unfair for government officials to disclose the episode and to suggest that he was a potential threat, Corallo said. Business Leaks is a publication of the International Center for Development Reporting (ICDR). He is hoping to regain the influence he enjoyed under Sani Abacha, the country's military junta leader in the 1990s. Later, LaHood also made misleading statements to FBI agents investigating Chagoury about the check and its source. 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Comprehensive company profiles. Other clients are the Federal Ministry of Works; Abia State Government, the Nigerian Breweries; Bayelsa State Government and the Lagos State government. Soon after President Clinton named Donald E. McHenry a special envoy to Nigeria in 1995, Gilbert and brother Ronald Chagoury visited McHenry in his office at Georgetown University in Washington. Krkous successor Boni Yayi in 2006 told Gilbert Chagoury to also advice him. For the last three decades, Chagoury spent at least a few months each year in Beverly Hills, where he owns an 18,000-square-foot estate, once the home of actor Danny Thomas, with commanding views of West Los Angeles and the ocean. He is one of the Richest Businessperson who was born in Nigeria. Published at Jan 23, 2023 by darshan12 #tutorial. An In-depth Guide on Web Scraping. His visa troubles stem at least in part from his involvement in the tangled politics of Lebanon. Ronald is married to Berthe, daughter of Blanche and Eduard Awad, and they have two children. The Chagoury Group of companies is headquartered in West Africa and its portfolio of activities include construction and property development, flour Mills, water bottling and purification, glass manufacturing, insurance, hotels, furniture manufacturing, telecommunications, IT, catering and international financing. Primary Income source Businessperson (profession). As part of his non-prosecution agreement signed in December 2019, LaHood also agreed to cooperate with the governments investigation and repaid the $50,000 to Baaklini. Ronald Chagoury was born in Nigeria on 8 January 1949, the son of Ramez and Alice Chagoury, who had emigrated from Lebanon in the 1940s. Through their ownership of the Chagoury Group, Gilbert Chagoury and family have an estimated wealth of $4.2 . Chagourys companies were awarded contracts for the construction of the Lekki-Epe road, the Murtala- Mohammed International Airport road and the Eko Atlantic City mega project. Over the years, Chagoury attended Clintons 60th birthday fundraiser and helped arrange a visit to St. Lucia, where the former president was paid $100,000 for a speech. "Nigeria's Chagoury Group Named In Latest Panama Papers Revelation Okayafrica", https://en.wikipedia.org/w/index.php?title=Ronald_Chagoury&oldid=1120431670, California State University, Long Beach alumni, Pages using infobox person with multiple parents, Creative Commons Attribution-ShareAlike License 3.0, This page was last edited on 7 November 2022, at 00:10. By the time Hillary Clinton became secretary of State, the relationship was strong enough for Bill Clintons closest aide to push for Chagoury to get access to top diplomats, and the agency began exploring a deal, to build a consulate on Chagoury family land in Lagos. 2018 Chagoury Group. But I knew there was a vision for my life that was greater than I could imagine. I consider it a duty to give back.. His family conglomerate now controls a host of businesses, including construction companies, manufacturing plants, flour mills and real estate. He has ranked on the list of those famous people who were born on January 8, 1949. With hisbusiness knowledge fully attuned, he quickly took oversight of the construction and civilengineering development of the Chagoury Group. [1], Chagoury is married to Berthe, and they have two children. U.S. Attorney's Office, Central District of California, Environmental Crimes and Community Safety, Lebanese-Nigerian Billionaire and Two Associates Resolve Federal Probe into Alleged Violations of Campaign Finance Laws, Former FBI Special Agent Sentenced to 6 Years in Prison for Accepting Bribes Paid by Attorney Linked to Organized Crime Figure, Former Los Angeles City Politician Jos Huizar Pleads Guilty to Racketeering Conspiracy and Tax Evasion Charges, Former Top Official in Orange Countys Democratic Party Agrees to Plead Guilty to Attempted Wire Fraud and Admits to Bribery Scheme, Lebanese Nigerian Billionaire and Two Associates Resolve Federal Probe Into Alleged Violations of Campaign Finance Laws. But the turnout of the result of that election shook Chagoury who couldnt predict what would become of him with the new sheriff in town and then opted to stay away to avoid having problems with the new administration. 2022 Business Leaks. Two years ago, he helped pay for a conference in Washington on the persecution of Christians in the Middle East; some attendees supported Hezbollah, but the director of the group that organized the conference said that didnt mean Chagoury or other conference organizers were among them. But theyve hit a snag, Student debt is a crisis: Activists rally outside Supreme Court for loan forgiveness, Eric Garcettis stalled nomination to ambassadors post sees slight progress, 19 cafes that make L.A. a world-class coffee destination, Shocking, impossible gas bills push restaurants to the brink of closures, Julie Su, who oversaw California unemployment agency amid fraud wave, nominated U.S. Labor secretary, Scott Adams says he was using hyperbole: America being programmed to see race first, After a man burst in with a gun, a San Francisco synagogue confronts hate, Newsom rescinds Californias COVID-19 state of emergency, marking an end to the pandemic era, New poll shows most California voters fear gun violence, but Democrats and Republicans are divided. After completing undergraduate and graduate studies in France, Ronald returned to Nigeria in 2007 to join The Chagoury Group as an Executive Member. KANO GOVERNORSHIP: GAWUNA, GRADUALLY GAINING GROUNDS. Who are President Bidens Cabinet members? But with the coming to power of President Muhammadu Buhari, coupled with his mention in the then email scandal involving former United States first lady and Secretary Hillary Clinton, among other issues in the US, Chagoury mellowed for some time before he finally left Nigeria. In 2010, he was pulled off a private jet in Teterboro, N.J., and questioned for four hours because he was on the Department of Homeland Securitys no-fly list. As a businessman, Chagoury has been a confidant of many African leaders and serves as ambassador of St Lucia, in the Americas. This month, the foundation announced that it would stop accepting donations from foreigners and corporations should Clinton win the presidency. All of the children studied at the American University in Paris and both Gilbert-Antoine and Christopher graduated from New York universities. Founder of the Chagoury Group, Ronald Chagoury was born in Nigeria on 8th January 1949. Gilbert the older of the duo has always maintained that the vision for his life was greater than he could imagine and considered it a duty to give back. His website shows him shaking hands and laughing with Pope Francis. Founded by Gilbert Chagoury and Ronald Chagoury Jr., The Chagoury Group operates within a variety of areas, including construction, real estate development, hospitality, hotels, telecommunication, information technology services, manufacturing, insurance, international financing, catering, and flour mills, among others. Upon returning to Nigeria he joined the Chagoury Group and now oversees various companies within the group. It aims to make browsing more fluid and to offer you content and services tailored to your interests. Born on January 8th, 1946 in Nigeria to Lebanese immigrant parents, Gilbert's happy childhood years growing up as one of eight siblings gave him a sense of freedom and fearlessness familiar to many children growing up in Africa. 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