FGGN Defends Seyi Tinubu’s Business Interests, Slams Atiku for Hypocrisy”

A group, the Forum for Good Governance (FGGN), has come out in strong defense of President Bola Tinubu’s son, Seyi Tinubu, over his board membership role in CDK Integrated Industries, a subsidiary of the Chagoury Group. The group faulted former Vice President Atiku Abubakar’s allegation that Seyi’s involvement in the company constitutes a conflict of interest in the award of the Lagos-Calabar Coastal highway contract to Hitech Construction Company Ltd.

In a press statement, the FGGN noted that Seyi, as an adult, has the right to pursue legitimate business interests within and outside the country, and that his father’s position as President should not deny him access to business opportunities. The group stated that Seyi joined the Board of Directors of CDK in 2018 as an investor, with a good record of performance, and wondered why he should be denied the right to business patronage because of his father’s position.

The FGGN also pointed out that 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 for several years before his father became President. The group questioned Atiku’s motives, asking how Seyi’s involvement in CDK conflicts with Hitech Construction Company’s work on the Lagos-Calabar Coastal superhighway.

The FGGN also accused Atiku of hypocrisy, pointing out that he established Intels Nigeria with an Italian entrepreneur while serving as Vice President, and maintained his business links with Intels that won major port concession deals in Nigeria. The group stated that “he who must come to equity must come with clean hands,” and that Atiku’s allegations against Seyi Tinubu are baseless and politically motivated.

The FGGN’s defense of Seyi Tinubu’s business interests has sparked a heated debate in the political sphere, with many calling for Atiku to come clean on his own business dealings before accusing others. The controversy has also raised questions about the role of politics in business and the need for transparency and accountability in government contracts.