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Lagos-Calabar Highway: Atiku Lacks Moral Right To Allege Corruption – Presidency
The Presidency, on Monday, tackled former Vice President Atiku Abubakar over his claim of conflict of interest in the award of the Lagos-Calabar coastal highway by the Federal Government.
Atiku, in a statement on Sunday, claimed that the road project was awarded to Hitech Construction Company because the owner of the firm, Gilbert Chagoury, had business ties with President Bola Tinubu.
The ex-VP also alleged that Tinubu’s son, Seyi, sits on the board of a company owned by Chagoury.
Atiku also faulted the massive demolition of buildings to pave the way for the highway, saying it had the potential to discourage foreign investors.
NIGERIA TODAY: Landmark Beach Demolition For Lagos-Calabar Construction – Counting The Costs0:00 / 0:33
But the Presidency, in a statement on Monday, denied the claims by Atiku, adding that the former VP lacked the moral right to raise the question of conflict of interests.
The titled, ‘Atiku Abubakar’s penchant for distorting facts,’ was signed by Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga.
The Presidency said, “We found it strange that Alhaji Atiku could accuse President Tinubu of conflict of interest in the award of Lagos-Calabar Coastal highway to Hitech Construction Company, which he claimed is owned by Chagoury family because the President’s son, Seyi Tinubu, sits on the board of CDK, a tiles manufacturing company, based in Sagamu, Ogun State.”
The Presidency said should Atiku, who formed Intels Nigeria with an Italian businessman when he served in the Nigeria Customs Service, a “clear breach of extant public service regulations…be the one accusing someone else of conflict of interest?”
It said as Vice President of Nigeria between 199 and 2007, Atiku maintained his business links with Intels, which won major port concession deals.
“Was this not an abuse of office, a flagrant violation of his oath, that a company where he was a co-owner won major government contracts and concessions when he was vice president?” the Presidency queried.
It also accused the former VP of approving “sales of over 145 state-owned enterprises to his known friends and associates” as Chairman of the National Council on Privatisation.
The Presidency, therefore, stated that Seyi Tinubu, a 38-year-old adult who joined the Board of CDK in 2018, 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,” it asserted, stating that “the Chagourys are minority shareholders in the company, and only one member of the clan is on its five-man board.”
It added, “We wonder how Seyi’s membership of the board of CDK conflicts with Hitech Construction Company’s work on the Lagos-Calabar Coastal superhighway.
“How can an elder statesman be waging a campaign of calumny against the economic fortunes and prosperity of a country he wishes to govern or trying to scuttle a project that will bring prosperity to nine coastal states and the nation in general?”
The Presidency also countered Atiku’s claim demolition of buildings for the Lagos-Calabar highway would discourage investors.
It asserted, “various sectors of Nigeria’s economy, such as telecoms, manufacturing, solid minerals, oil and gas, e-commerce, and fintech, are attracting new Foreign Direct Investments from discerning investors who know Nigeria is a good market for bountiful returns.”
It argued that contrary to Atiku’s claim, the Tinubu administration has attracted over $20bn into the economy within its first year.
Onanuga cited President Tinubu’s trip to India for the G20 summit last September, saying “a substantial part” of the $14bn in new investments that investors promised “is already in the country.”
“Foreign investment in Nigeria’s stock market has ballooned, from N18.12bn in Q1 2023 to N93.37bn in Q1 2024, an increase of 415 per cent.
“The last time Nigeria saw such a level of investment was in the first quarter of 2019 when N97.6 billion was invested.
“The market, since Tinubu came to power, has broken records and created more wealth for the investors,” the statement read.
The former Vice President had also said, “The fact that President Bola Tinubu’s son and his surrogates are on the board of companies owned by Gilbert Chagoury constitutes a conflict of interest.”
The Presidency said that every true and patriotic Nigerian, regardless of political differences, should work to promote the unity and economic well-being of the country and not delegitimise genuine efforts of the Federal Government to encourage local and foreign investments into the economy.
It said infrastructural projects such as the Lagos-Calabar Coastal Highway are used to galvanise the economy as US President Joe Biden used his $2tn bi-partisan infrastructure deal to revamp decaying American infrastructure.
Onanuga, also described as “stale news,” reports that the IMF is reclassifying Nigeria’s economy as the fourth largest in Africa.
He noted that the reclassification happened because of the devaluation of the Naira, promising that “Nigeria will bounce back to where it rightfully belongs as Africa’s largest market and biggest economy.”
News
Couple Kidnapped, One Shot In Ondo Estate Attack
Gunmen suspected to be kidnappers have abducted a couple from their residence in the Iluabo area of Akure North Local Government, Ondo State.
During the attack, which occurred in the early hours of Saturday, February 21, 2026, the assailants shot one person before seizing the victims.
The gunmen had stormed Olaribigba Estate in the community when they whisked Mr Jamiu Olawale and his wife into the bush.
Following the development, which has created tension in the agrarian community, residents protested and barricaded the road leading to the community over the incessant kidnappings and insecurity in the community.
According to sources, the couple had arrived at their residence in an ash-coloured Toyota Camry when they were attacked by the gunmen, who lay in ambush for them.
During the incident, a neighbour of the abducted couple, Patrick Ilumaro, who was seated in front of his residence, was shot by the gunmen while fleeing from the community.
A neighbour of the victims revealed that Ilumaro was swiftly rushed to an undisclosed medical facility where he is currently receiving medical treatment.
While confirming the incident, the Ondo State Police Command disclosed that tactical teams as well as conventional operatives have been deployed to the community.
In a statement issued by the Police Public Relations Officer, Abayomi Jimoh, the operatives are already combing the axis in an effort to rescue the victims and apprehend the perpetrators.
“Concerted efforts are ongoing to ensure the safe return of the abducted persons and bring those responsible to justice.
“Members of the public are urged to remain calm and go about their lawful activities. Meanwhile, the Command urges them to provide credible and actionable information that may assist in the investigation to the nearest police station.”
News
Brake Failure Leaves One Dead, Four Rescued At Abule-Egba
One person died and four others were rescued following a road accident at Ekoro Junction, Abule-Egba, on Friday evening, according to a statement from the Lagos State Traffic Management Authority.
The Director, Public Affairs and Enlightenment Department of LASTMA, Adebayo Taofiq, made this known in a statement issued on the agency’s X handle on Saturday.
According to the agency, the crash occurred at about 7:30 p.m. when an empty MACK tanker suffered a sudden brake failure, lost control and rammed into a Toyota Corolla before crashing into a roadside shop.
LASTMA said the tanker, with registration number EKY 900 XY, collided with a Toyota Corolla marked AAA 823 AY.
The impact caused extensive structural damage to the shop and triggered panic among traders and pedestrians in the area.
“The magnitude of the collision led to the immediate confirmation of one fatality at the scene, while four other trapped persons were extricated from the wreckage through coordinated emergency rescue efforts,” the agency stated.
The authority said it immediately activated its Rescue and Recovery Protocol, deploying specialised operatives to manage the situation.
“Personnel implemented strategic traffic diversion, vehicular evacuation procedures and crowd management in synergy with other emergency responders to forestall secondary incidents and guarantee unobstructed access for rescue operations,” LASTMA added.
It stated that emergency teams carried out rescue operations and provided medical attention to the injured victims.
According to the agency, a heavy-duty tow truck was later deployed to evacuate the damaged tanker and clear debris from the road to restore normal traffic flow.
The agency disclosed that the tanker driver fled the scene shortly after the crash and security operatives have since launched efforts to apprehend the driver and initiate legal proceedings.
“Security personnel from the Nigeria Police Force, Ekoro Division, responded expeditiously, maintaining public order, securing the accident perimeter and assisting in investigative processes aimed at establishing the precise sequence of events that culminated in the mechanical failure and subsequent collision.
“The incident precipitated considerable traffic congestion extending across adjoining routes toward Abule-Egba, necessitating robust traffic management interventions by LASTMA officials who remained on ground directing vehicular movement and implementing diversion strategies to alleviate the backlog,” it said.
According to the agency, its General Manager, Olalekan Bakare-Oki, expressed condolences to the family of the deceased and urged transport operators, particularly drivers of articulated vehicles, to prioritise routine vehicle maintenance.
“Preventable mechanical deficiencies remain a significant contributory factor in severe road traffic crashes,” Bakare-Oki said.
He also advised motorists to exercise vigilance, obey traffic regulations and maintain responsible driving practices, especially within densely populated commercial corridors.
Bakare-Oki assured the public that security agencies would conduct a thorough investigation to determine the immediate and remote causes of the incident and ensure that anyone found culpable would be prosecuted in accordance with extant laws.
The agency said other emergency responders at the scene included the Lagos State Emergency Management Agency, the Lagos State Fire and Rescue Service, the Lagos State Ambulance Service, the State Environmental Health Monitoring Unit and officers of the Nigeria Police Force, collaborated to coordinate rescue, medical response and environmental safety measures.
News
Court Sets Feb 25 For El-Rufai’s Arraignment In DSS Cybercrime Case
The Department of State Services (DSS) will arraign former Governnor of Kaduna state, Nasir El-Rufai, on February 25 over alleged cybercrime and breach of national security.
Justice Joyce Abdulmalik of the Federal High Court has fixed the date for the arraignment of the former Governor on a three-count criminal charge filed by the Department of State Services (DSS) after the Chief Judge, Justice John Tsoho assigned the case to her.
NAN earlier reported that the DSS, on Monday, filed a three-count criminal charge against El-Rufai following his alleged involvement in wiretapping the telephone lines of the National Security Adviser (NSA), Mallam Nuhu Ribadu.
The charge, instituted by the Nigerian secret police, is marked FHC/ABJ/CR/99/2026.
The service accused El-Rufai of breaching the Cybercrimes Prohibition Act (2024) and the Nigerian Communications Act (2003.)
In court, El-Rufai was alleged to have, on Feb. 13, while appearing as a guest on Arise TV station’s Prime Time Programme in Abuja, admitted during the interview that he and his cohorts unlawfully intercepted the phone communications of the NSA, Mr Ribadu.
The offence is said to be contrary to and punishable under Section 12(1) of the Cybercrimes (Prohibition, Prevention, etc.) Amendment Act, 2024.
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