Nigeria awards $1.2 billion highway contract to Gilbert Chagoury, a billionaire convicted of laundering Abacha's stolen funds
Billionaires Africa | 03.07.2026 05:11
Nigeria's Federal Executive Council has approved N1.7 trillion ($1.24 billion) for the construction of the Sokoto-Badagry Super Highway and handed the contract to Hitech Construction Company, a subsidiary of the Chagoury Group owned by Lebanese-Nigerian billionaire Gilbert Chagoury, who was convicted in Switzerland in 2000 of money laundering tied to funds stolen from Nigeria by the late military dictator Sani Abacha.
