The presidency has revealed that Seyi Tinubu, President Bola Tinubu’s son, joined CDK’s Board of Directors in 2018.
According to reports, former Vice President Atiku Abubakar accused the President of a conflict of interest in the award of the Lagos-Calabar Coastal Highway to Hitech Construction Company, which he claimed is owned by the Chagoury family, because the President’s son serves on the board of CDK, a tile manufacturing company in Sagamu, Ogun State.
In a statement published Monday, Special Adviser to the President on Information and Strategy, Bayo Onanuga, questioned how Seyi’s presence on the CDK board contradicts with Hitech Construction Company’s work on the Lagos-Calabar Coastal Superhighway.
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.
