Chagoury Group is a Nigerian multinational business conglomerate headquartered in Lagos , Lagos State . Founded in 1971 by Gilbert R. Chagoury and Ronald Chagoury , their businesses include construction and property development, flour mills, water bottling and purification, glass manufacturing, insurance, hotels, furniture manufacturing, telecommunications, transportation, IT, catering and international financing.
35-847: Projects include the Eko Atlantic City , located next to Victoria Island in Lagos State . The project will be built on reclaimed land that has been lost to coastal erosion . The Grands Moulins du Bénin Flour Mill began production in 1972 and now produces 250 metric tons of wheat flour per day, with wheat imported from France and the US. Projects include: Port Harcourt Flour Mills; Ideal Flour Mills; Nigerial Eagle Flour Mills; Niger Delta Flour Mills; Tin Can Island; Ragolis Waters; Glassforce; Pirotech; Silhouette Furniture. C & C Construction Company Limited
70-722: A luxury residential development on Banana Island in Lagos Lagoon ; The Nigerian Defence Academy . ITB Construction is a civil engineering and construction company headquartered in Lagos and has a regional facility in Abuja . The company focuses on the construction of residential and industrial buildings. The company also manufactures pilings and provides electro-mechanical services and product, including generators. Completed projects include: The National Assembly Complex in Abuja ; A residential development project of 13 floors on Victoria Island ; and
105-496: A mass migration of businesses over the last twenty-five years. Today, Victoria Island is one of Nigeria's busiest centres of banking and commerce, with most major Nigerian and international corporations headquartered on the Island. The Island has continued to rapidly develop and along with Ikoyi , is a favourite spot for Nigerians and foreigners to live and play. However, the influx of banks and other commercial ventures has changed
140-554: A sea wall along Bar Beach, in Eko Atlantic . This is the first project of its kind in Africa to use advanced 'x-blocs', enormous x-shaped concrete blocks designed to dissipate the energy of waves. Fleetwood Transportation was established in 1989 and headquartered in Lagos, the company operates a fleet of trucks including grain carriers, flatbed, sided and tipper trucks. Fleetwood is a member of
175-687: A separate municipality. It will have an offshore banking zone and permit investors to transfer money freely. When the city is finished, it will have 3,000 buildings and 400,000 homes for residential, business, financial, and tourist lodging purposes. Ten districts will make up the city, including: The cost of a plot of land is dependent on its size and location. Land is sold per m . Plot sizes in Phases 1 and 2 start from approximately 2,200 m and prices per square meter within this phase start from $ 1,150. In Phase 3, land within this phase starts from approximately 1,200 m mainly for low-rise residential houses where
210-482: Is a planned city in Lagos State , Nigeria , being constructed on land reclaimed from the Atlantic Ocean. Upon completion, the new peninsula is anticipating at least 250,000 residents and a daily flow of 150,000 commuters. The development is also designed to help in stopping the erosion of Lagos city's coastline. Its main objective is to reduce erosion, which includes future sea level rise and storm surges. On
245-422: Is also being criticized for failing to involve the people in the project. In August 2012, the Atlantic Ocean surged and overflowed its banks, sweeping 16 people into the Atlantic Ocean, killing several, and flooding Kuramo Beach , Victoria Island and other areas. According to an environmental expert, "the ocean surge occurred as a result of the failure of the contractors handling the sandfilling activities of
280-544: Is another issue, as it increases the need for space for residential, commercial, and recreational activities. The private project developer South Energyx Nigeria Ltd. (SENL) has started the Eko Atlantic City Development Project to address this space shortage as well as the land loss caused by the erosion of the Bar Beach. This project involves reclaiming 9 km² of ground in front of Bar Beach, just east of
315-480: Is expected to rise as the next generation of property on the African continent; having a total of 10 districts, spread across a land area of approximately 10 square kilometres (3.9 sq mi), the city will satisfy needs for financial, commercial, residential and tourist accommodations. Eko Atlantic development is being carried out as a public–private partnership (PPP) with private companies and investors providing
350-519: Is part of the Silverbird cinema chain and should not be confused with the cinemas of the same name in other parts of Lagos. Victoria Island hosts most of the diplomatic presence in Lagos, many of which were previously the embassies to Nigeria prior to the move of the capital to Abuja . The now consulates , embassy branch offices, or Deputy High Commissions on Victoria Island include Benin, Brazil, Canada, China, Germany, India, Indonesia, Italy, Lebanon,
385-677: The Chagoury group , was specifically created to undertake the development. Testing of the sea defence system took place at the DHI Institute in Copenhagen , Denmark , where models were successfully tested for one-in-a-hundred-year ocean surges , and one-in-120-year, one-in-150-year and one-in-1,000-year storms. Eko Atlantic will satisfy needs for financial, commercial, residential and tourist accommodations, with infrastructure in line with modern and environmental standards. These standards will offer
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#1732868628648420-705: The Lagos City Marathon and Copa Lagos. Eko Atlantic City has secured an EDGE certification from the International Finance Corporation (IFC), a member of the World Bank Group . The Eko Atlantic project has been criticized by residents living nearby, who say that ongoing construction works have caused coastal erosion and ocean surges. Ocean water surges through living areas, flooding access roads and taking down electricity poles and forcing residents to relocate. The Lagos State Government
455-527: The Lagos Lagoon . It is the main business and financial centre of Lagos State , Nigeria. Victoria Island is one of the most exclusive and expensive areas to reside in Lagos. The town and island lie within the boundaries of the Eti-Osa Local Government Area (LGA). A large part of the Island was originally part of jurisdiction of the Oniru chieftaincy family of Lagos with tenants inhabiting
490-776: The Lagos State Government and its private sector partners on the Project, South Energyx, received the Clinton Global Initiative Commitment Certificate. In addition to providing a state-of-the-art business district for West Africa, the city aims to restore land lost to coastal erosion over the past century, offer a long-term solution to the erosion problem along Lagos' coastline, shield Victoria Island from ocean surge, and create job opportunities. Seven kilometers of revetment will also be built. The city will have its own bureaucracy and be regarded as
525-520: The East Mole. A revetment with a length of around 8.4 km surrounds the newly recovered area to prevent erosion. Among other things, Royal Haskoning provides advisory services for Eko Atlantic City's marine construction. The city adjoins Victoria Island district of Lagos city , and the Phase 1 area of Lekki to the north, while the entire Western, eastern and southern borders is a coastline. Eko Atlantic
560-463: The Island complained about this problem, leading the military Governor of the State, Raji Rasaki , to forcibly remove the residents on 14 July 1990, resulting in numerous injuries. Governor Rasaki and his armed security forces caused the eviction of as many as 300,000 residents, some of whom had legal title to their property. This new area established after the evictions was called Victoria Island Annex. It
595-522: The Lagos Bar Beach, coastal erosion has long been an issue, happening at a rate of 30 m year in particular. Wave tides, littoral movements, and sediment characteristics are examples of natural causes. Around 1960, man began adding nourishments to the Bar Beach in an effort to stop the significant loss of beach width caused by erosion. Despite being fed with enormous amounts of material, the beach continued to erode. The city of Lagos's expanding population
630-545: The Lagos-Calabar Coastal Highway, Nigeria’s biggest public infrastructure project. Discussions around the ownership of the coast; Eko Atlantic and Landmark's claim to this contentious and premium waterfront. Victoria Island (Nigeria) Victoria Island ( VI ) is an affluent area that encompasses a former island of the same name neighbouring Lagos Island , Ikoyi and the Lekki Peninsula by
665-812: The Nigerian Association of Road Transport Owners (NARTO). Established in 1991, the Ideal Eagle Hospital is a small private medical facility in Lagos. Although mainly serving employees of the Chagoury Group, the hospital is also retained by a number of Nigerian-based multinational companies, including Royal Dutch Shell . Properties include Eko Hotel and Suites in Lagos ; Hotel Presidential in Port Harcourt ; and Courdeau Catering. Eko Atlantic City Eko Atlantic , officially Nigeria International Commerce city , also known as Eko Atlantic City ,
700-632: The Nigerian justice system, without success. In 2008, a human rights organization, Social and Economic Rights Action Centre (SERAC), filed a complaint with the African Commission on Human and Peoples' Rights on behalf of the Moroko people. Activists and displaced Maroko residents continue to hold Maroko Remembrance Day each year on 14 July. There are many galleries on Victoria Island. Guaranty Trust Bank and Access Bank plc have their headquarters on
735-580: The city's residents water, waste management, security and transportation systems. The city will also have an independent source of energy generated specifically for the city. Eko Atlantic is situated on land reclaimed from erosion and is protected by a coastal revetment designed by Royal Haskoning colloquially known as the Great Wall of Lagos, a planned 8.5 km long barrier constructed primarily of rock and faced with concrete accropode armour. The Eko Atlantic City project received global attention in 2009, as
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#1732868628648770-465: The construction of a highway connecting Victoria Island to Epe. This activity, along with the rapid commercialization of Victoria Island, served to stimulate residential development along the Lekki-Epe corridor, starting with Lekki Phase 1. The area of the land bridge, composed of the former swampland, became a large slum called Maroko Town which housed many of the new migrants to Lagos State. Residents of
805-456: The design and construction of a staff housing complex of 800 units for client ALSCON's Aluminium Smelter Plant. Current projects include: Intercontinental Hotel on Victoria Island (with 19 floors, this will be the tallest building on the island); a new HQ for Magnum Trust Bank of Nigeria; and the new headquarters and office complex for TOTAL oil company in Port Harcourt. Hitech Construction
840-532: The formerly serene atmosphere of the Island. Longtime residents complain about the increase in traffic and influx of street traders who cater to local bank employees and businessmen. A new project being developed by the Chagoury Group includes the Eko Atlantic City , located next to Victoria Island. The project is being built on reclaimed land that has been lost to coastal erosion . The displaced former residents of Maroko Town have pursued redress within
875-410: The funding, whilst the Lagos State Government (LASG) is a strategic partner, with the support of the federal government. The contractors are China Communications Construction Group LTD (CCCC), a company that works in the field of marine dredging and landfill operation. Consultants are Royal Haskoning (traffic and transport expertise) and ar+h Architects. South Energyx Nigeria Ltd., a subsidiary of
910-576: The island, Halliburton and IBM operate offices on Victoria Island. Akin Adesola Street and the Adeola Odeku Street that runs into it on Victoria Island are the hot spot in terms of Lagos' better nightclubs.[6] Travel vlogger Drew Binsky raves about the city's vibrant nightlife with its "swanky bars, rowdy clubs, chill lounges and beach parties." The Silverbird Galleria is a shopping and entertainment centre on upmarket Victoria Island. It
945-471: The land prices are at $ 1,050. There is no maximum cap on the amount of land that can be purchased. Each plot of land can be used for a residential or commercial development or a mix of both as Eko Atlantic is designed to be a mixed-use city. The plots in Phases 1 and 2 have been created to accommodate mid to high-rise buildings. In Phase 3, some plots have been created to accommodate single residential dwellings and low-rise developments. As of May 2009, while
980-533: The land. In 1948, the Lagos Executive Development Board paid 250,000 pounds as compensation for the land acquired from the Oniru family and an additional 150,000 pounds as compensation for the inhabitants and shrines destroyed. The inhabitants were later resettled at Maroko village . Victoria Island was originally surrounded entirely by water. It was bordered by the Atlantic Ocean on the south,
1015-623: The mouth of the Lagos Lagoon on the West, the Five Cowrie Creek to the North, and swamps on the East. The colonial government began the process of filling in the eastern swamps to reduce mosquito breeding areas. This created a land bridge between Victoria Island and Lekki Peninsula ending its existence as a true island. After independence, successive state governments expanded this development, culminating in
1050-409: The project was still in its dredging phase, about 3,000,000 cubic metres (3,900,000 cu yd) had been sand-filled and placed in the reclamation area, while about 35,000 tonnes of rock had been delivered to the site. In certain parts of Bar Beach, the land being reclaimed can already be seen. Dredgers work round the clock to sand-fill the site. On 21 February 2013, a ceremony was held to mark
1085-627: The proposed Atlantic Ocean City, to put in place measure that would reduce the effect of the surge on the environment". The Lagos State chapter of the People's Democratic Party issued an official statement, blaming the ACN (now APC)-led state government's sand filling for the ocean surge. The party called for a stop to the Eko Atlantic project and immediate compensation for the bereaved families. In April 29th 2024, demolition of Landmark beach began; to give way to
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1120-611: The reclamation of land of Eko Atlantic, with Goodluck Jonathan , former U.S. president Bill Clinton , Babatunde Fashola, Bola Tinubu , Aminu Tambuwal, and Ibikunle Amosun attending. In March 2014, David Frame, managing director of South Energyx Nigeria Ltd., the firm responsible for the development, confirmed that "The first residential tower will open in 2016". By November 2020, a few buildings, most notably Eko Pearl Towers , had been completed, with several more under construction and at planning stages. The city had become an active venue for popular afro-concerts and sports events like
1155-572: Was cleared and sold to residential buyers. Subsequent reclamation expanded the area to the extent that Victoria Island Annex is now connected to the Lekki Peninsula. This new, enlarged area is referred to as "Oniru Estate" after the ruling family of the area. Originally designated an upscale residential area, failing infrastructure and overcrowding in the old business district on Lagos Island and lax zoning enforcement in Victoria Island led to
1190-644: Was founded in 1988, the civil engineering company specializes in general infrastructure projects including road works, street lighting, railways, drainage systems, bridges, dams, earthworks, asphalt overlay, water supply, irrigation schemes, dredging, and marine installations. Hitech's clients include: the Aluminium Smelting Company of Nigeria; the Federal Ministry of Works; Abia State Government; Bayelsa State Government; Lagos State Government ; and Nigerian Breweries PLC. Completed projects include
1225-652: Was the first company within the construction division of the Chagoury Group of companies. Projects completed include: Ideal Flour Mills; Nigerian Eagle Flour Mills; Tin Can Island Grain Receiving Facility and associated Storage Silos; The State Security Headquarters Building in Abuja, Nigeria; A housing, school and leisure complex for Elf Petroleum Nigeria Limited; a foreshore development project in Osborne Road, Ikoyi. Current projects include: Ocean Parade Towers,
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