• Latest
  • Trending
  • All
  • Politics
  • Economy
  • Security
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Opinion
  • Columns
  • Exposé
  • World
  • Lifestyle
Nigeria: Controversy Trails Approval For Tinubu’s Ally To Build $13 Billion Highway

Nigeria: Controversy Trails Approval For Tinubu’s Ally To Build $13 Billion Highway

2 years ago
DRC Agrees To Receive Deportees Under US Migrants Transfer Deal

Migrants Deported By Trump’s Administration Arrive DRC

10 hours ago
50% Of Births In Nigeria Not Registered — UNICEF

13 hours ago
Kenya: Ruto Orders Shooting Of Protesters Attacking Businesses

Kenya Seeks World Bank’s Assistance As Iran’s War Bites Harder

15 hours ago
Mugabe’s Son Pleads Guilty In South Africa’s Gun Pointing Case

Mugabe’s Son Pleads Guilty In South Africa’s Gun Pointing Case

17 hours ago
IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

20 hours ago
Saturday, April 18, 2026
  • About
  • HT Management
  • Privacy Policy
Heritage Times
No Result
View All Result
Translate |
  • Login
  • Politics
    Cameroon: President Biya Returns Home After 42 Days Absence

    Cameroon: Biya Signs New Law That Restores Vice Presidency

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Vote Counting Underway As Election Ends

    Benin: Vote Counting Underway As Election Ends

    Djibouti: President Guelleh Wins Record 6th Term With 97.8% Of Vote

    Djibouti: President Guelleh Wins Record 6th Term With 97.8% Of Vote

    Senegal: PM Sonko Says He Prefers Being Head Of Govt, Not Leader Of Parliament

    Senegalese PM Accuses Trump Of Plunging The World Into Chaos

    Kamala Harris Hints On Comeback In US 2028 Election

    Kamala Harris Hints On Comeback In US 2028 Election

    Trump’s New Ambassador Arrives South Africa Amid Frosty Relations

    South Africa Accepts Credentials Of Trump’s Diplomat

    Benin: Presidential Poll Holds Sunday As 49-Year-Old Finance Minister Seeks Mandate

    Benin: Presidential Poll Holds Sunday As 49-Year-Old Finance Minister Seeks Mandate

  • Economy
    Kenya: Ruto Orders Shooting Of Protesters Attacking Businesses

    Kenya Seeks World Bank’s Assistance As Iran’s War Bites Harder

    IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

    IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    Six Nigerian Airlines Form ‘Spring Alliance’ To Tackle Flight Delays, Cancellation

    Nigeria: Airlines Threaten Shutdown Over Soaring Aviation Fuel Costs

    Ghana: Finance Minister Highlights Country’s Economic Rebound At IMF/World Bank Spring Meetings

    Ghana: Finance Minister Highlights Country’s Economic Rebound At IMF/World Bank Spring Meetings

    Nigeria: Ex-President Obasanjo Blames Economic Illiteracy For Africa’s Stalled Development

    Africa Must Take Control Of Its Energy Future – Obasanjo  

    Zimbabwe: Central Bank Introduces New Banknotes To Stabilise Financial System

    Zimbabwe: Central Bank Introduces New Banknotes To Stabilise Financial System

    Afreximbank Approves $10bn Facility To Shield African Trade From Gulf Crisis

    Afreximbank Approves $10bn Facility To Shield African Trade From Gulf Crisis

    HT Exclusive: Mozambique’s Full IMF Loan Repayment: Statement Of Sovereignty And Lesson For Africa

    HT Exclusive: Mozambique’s Full IMF Loan Repayment: Statement Of Sovereignty And Lesson For Africa

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
  • Politics
    Cameroon: President Biya Returns Home After 42 Days Absence

    Cameroon: Biya Signs New Law That Restores Vice Presidency

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Ramaphosa Appoints New Ambassador To US After Rasool’s Expulsion 

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Opposition Candidate Concedes Defeat To Finance Minister

    Benin: Vote Counting Underway As Election Ends

    Benin: Vote Counting Underway As Election Ends

    Djibouti: President Guelleh Wins Record 6th Term With 97.8% Of Vote

    Djibouti: President Guelleh Wins Record 6th Term With 97.8% Of Vote

    Senegal: PM Sonko Says He Prefers Being Head Of Govt, Not Leader Of Parliament

    Senegalese PM Accuses Trump Of Plunging The World Into Chaos

    Kamala Harris Hints On Comeback In US 2028 Election

    Kamala Harris Hints On Comeback In US 2028 Election

    Trump’s New Ambassador Arrives South Africa Amid Frosty Relations

    South Africa Accepts Credentials Of Trump’s Diplomat

    Benin: Presidential Poll Holds Sunday As 49-Year-Old Finance Minister Seeks Mandate

    Benin: Presidential Poll Holds Sunday As 49-Year-Old Finance Minister Seeks Mandate

  • Economy
    Kenya: Ruto Orders Shooting Of Protesters Attacking Businesses

    Kenya Seeks World Bank’s Assistance As Iran’s War Bites Harder

    IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

    IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    ‘Africa Is No Longer Potential, It Is Reality’ — Adesina Delivers Stirring Message After Lifetime Honour

    Six Nigerian Airlines Form ‘Spring Alliance’ To Tackle Flight Delays, Cancellation

    Nigeria: Airlines Threaten Shutdown Over Soaring Aviation Fuel Costs

    Ghana: Finance Minister Highlights Country’s Economic Rebound At IMF/World Bank Spring Meetings

    Ghana: Finance Minister Highlights Country’s Economic Rebound At IMF/World Bank Spring Meetings

    Nigeria: Ex-President Obasanjo Blames Economic Illiteracy For Africa’s Stalled Development

    Africa Must Take Control Of Its Energy Future – Obasanjo  

    Zimbabwe: Central Bank Introduces New Banknotes To Stabilise Financial System

    Zimbabwe: Central Bank Introduces New Banknotes To Stabilise Financial System

    Afreximbank Approves $10bn Facility To Shield African Trade From Gulf Crisis

    Afreximbank Approves $10bn Facility To Shield African Trade From Gulf Crisis

    HT Exclusive: Mozambique’s Full IMF Loan Repayment: Statement Of Sovereignty And Lesson For Africa

    HT Exclusive: Mozambique’s Full IMF Loan Repayment: Statement Of Sovereignty And Lesson For Africa

  • Security
  • Education
  • Sports
  • Health
  • Metro
  • Entertainment
  • Lifestyle
  • Legal
  • Tech & Science
  • Opinion
  • Exposé
  • Exclusive Videos
  • Niger Delta
  • World
No Result
View All Result
First with the News

Nigeria: Controversy Trails Approval For Tinubu’s Ally To Build $13 Billion Highway

May 23, 2024
in Economy, Top Stories, World
0
0
VIEWS
Share on FacebookShare on TwitterShare on Whatsapp

By Emmanuel Nduka

Controversy is trailing last week’s approval by Nigeria’s federal cabinet for construction work on the second section of a $13 billion highway awarded to an ally of President Bola Tinubu.

Relatedreading

Migrants Deported By Trump’s Administration Arrive DRC

Heritage Times HT reports that the project which has ignited a lash backs in Africa’s most populous country, was awarded to Hitech Construction Company Ltd., a business owned by tycoon Gilbert Chagoury, who was listed by the Nigerian government as Tinubu’s “confidante” in part of Nigeria’s delegation at last year’s COP28 climate conference in Dubai.

Transparency International, the global movement to end injustice and corruption has joined growing chorus of those mocking the controversial award of the contract for the construction of the Lagos-Calabar coastal highway.

“With the cost involved, you can see that it’s an inflated contract that has been given simply because some people believe that they will make money out of it,” said Auwal Rafsanjani, Nigerian head of Transparency International. Lack of transparency around Nigerian projects like this is “the reason why we are not making any progress in terms of improving transparency and accountability in public sector,” he added.

Since the award of the 700-kilometer (434 miles) project, the government has been forced to hold a series of public meetings, press conferences and speeches to defend the project, while surrogates have been sent to explain its position on television, Bloomberg reports.

Nigerian authorities have demolished dozens of houses and buildings, including sections of the popular Landmark beach complex in the Lagos district of Victoria Island. This has led to protests from businesses and residents in the area, home to many of Nigeria’s richest people, including the local headquarters of TotalEnergies SE and Standard Chartered Plc.

Bloomberg reports that 78-year-old Chagoury has been a fixture of Nigerian politics and business for decades. In 2000, he was convicted in Switzerland of laundering money for Sani Abacha, the notoriously corrupt Nigerian dictator, and has admitted to making illegal campaign contributions in the US. The Chagoury Group didn’t respond to a request for comment.

Hitech has built a number of major infrastructure projects, including the privately developed Banana Island luxury housing estate and the 10-square-mile Eko Atlantic development — both on land reclaimed from the sea. The firm has constructed two highways in Lagos that are 16 miles and 31 miles long, but critics question its capability for large-scale projects.

“We don’t feel like we caught the best deal. Because this whole project did not go through the Senate, did not go through the regular due process and we’re just being stuck with the bill that seems extremely overbloated,” Lagos opposition politician Gbadebo Rhodes-Vivour told Bloomberg on phone.

Shrouded In Secrecy

While the bidding process for the contract wasn’t conducted publicly, Nigeria’s Minster for Works, Dave Umahi ,told journalists that the government approved a “restrictive bidding” round for the project, without elaborating on what other companies were involved or why it wasn’t made public.

“People say it was not listed in the 2024 budget,” he said during a May 14 speech at the presidential villa in Abuja, the seventh time he has addressed the controversy around the highway since April. “Yesterday, I quoted the budget number and so everything about coastal road followed due process,” he added.

Corruption Perception Index ranks Nigeria among the world’s most graft-ridden countries. Since he assumed office, Tinubu has talked about enhancing transparency in government and vowed to fight corruption. In April, he described corruption, self-interest and fraud as “an enemy” of the country.

In reality, the task of completing the coastal road project will extend beyond Tinubu’s first term, and cost more than Nigeria’s 9-trillion naira budget deficit for this year.

The project was first designed as a railway under President Goodluck Jonathan and awarded to the China Civil Engineering Construction Corp. for $12 billion, but fell apart when he left office in 2015.

The following year, the plan was revived by President Muhammadu Buhari’s administration for $11 billion and given a timeline of three years, which expired without significant progress.

The Works Minister then announced the project had been resurrected once again, but as a coastal highway alongside some rail, and this time awarded to Chagoury’s Hitech.

 

Tags: Bola TinubuGilbert Chagoury
ShareTweetSend
Previous Post

UEFA Awards Budapest Hosting Right For 2026 Champions League Final 

Next Post

Nigeria: I Won’t Stop Seeking Presidency As Long As I Live — Ex-VP

Related Posts

DRC Agrees To Receive Deportees Under US Migrants Transfer Deal

Migrants Deported By Trump’s Administration Arrive DRC

April 17, 2026
50% Of Births In Nigeria Not Registered — UNICEF

April 17, 2026
Kenya: Ruto Orders Shooting Of Protesters Attacking Businesses

Kenya Seeks World Bank’s Assistance As Iran’s War Bites Harder

April 17, 2026

Mugabe’s Son Pleads Guilty In South Africa’s Gun Pointing Case

IMF Raises Concern Over Nigeria’s Growing Debt Burden Under Tinubu

At Cameroon’s Visit, Pope Slams Foreigners Exploiting Africa

Next Post
Nigeria: Opposition Leader, Atiku Accuses Tinubu Of Conflict Of Interest Over Son’s Chagoury Membership

Nigeria: I Won't Stop Seeking Presidency As Long As I Live — Ex-VP

Please login to join discussion
  • About
  • HT Management
  • Privacy Policy

© 2025 Heritage Times (HT) Media.

No Result
View All Result
  • Welcome
  • Politics
  • Economy
  • Security
  • Exposé
  • Education
  • Sports
  • Health
  • Entertainment
  • Legal
  • Technology and Science
  • Columns
    • Opinion
  • World
  • __________________
  • Make a Donation
  • Photo Speaks
  • Videos
  • You-Report
  • Whistleblower
  • Advertise
  • HT Events
  • HT Management
  • About HT
  • Contact us

© 2025 Heritage Times (HT) Media.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In