Seyi Tinubu: Presidency Knocks Atiku, Shocks With New Revelations

The presidency has acknowledged that Seyi Tinubu, the son of President Bola Tinubu, became a member of the Board of Directors of CDK in 2018 affirming that the Chagourys hold a minority share in the company that has General TY Danjuma as the majority shareholder.

GWG.ng reports that the presidency claim is bound to interest Nigerians as it reveals for the first time that the Tinubu family has business ties with one of Nigeria’s most eminent statesmen, Gen Danjuma.

This admission follows former Vice President Atiku Abubakar’s statement on Sunday, wherein he accused the President of a conflict of interest regarding the award of the Lagos-Calabar Coastal Highway project to Hitech Construction Company.

 Atiku alleged that the company, purportedly owned by the Chagoury family, has ties to Seyi Tinubu through his position on the board of CDK, a tiles manufacturing firm situated in Sagamu, Ogun State.

In response to these allegations, Bayo Onanuga, the Special Adviser to the President on Information and Strategy, issued a statement on Monday. Onanuga expressed puzzlement over how Seyi Tinubu’s involvement with CDK’s board conflicts with Hitech Construction Company’s engagement in the Lagos-Calabar Coastal Highway project.

He said: “It is important to state clearly that Seyi Tinubu is a 38 year-old adult who has a right to do business and pursue his business interests in Nigeria and anywhere in the world within the limits of the law.

“The fact that his father is now the President of Nigeria does not disqualify Seyi from pursuing legitimate business interests.

“For the records, Seyi joined the Board of Directors of CDK in 2018, more than six years ago. He is representing the interest of an investor company, in which he has interest. He is not a board member because his father is a friend of the Chagourys.

“Information about owners and shareholders of CDK is a matter of public record that can be openly accessed from the website of the Corporate Affairs Commission and CDK’s.

“Atiku and his proxy did not need a little-known journal to recycle open-source information to make a fallacious argument.

“The Chairman of CDK and the highest shareholder of the company is respected General TY Danjuma (rtd). The Chagourys are minority shareholders in the company, and only one member of the clan is on its five-man board.”

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