SCOA Nigeria Plc Highlights Boulos’s Legacy Amid Media Criticism

SCOA Nigeria Plc has dismissed recent media reports criticizing the appointment of its Managing Director/Chief Executive Officer, Mr. Massad Boulos, as Senior Adviser on Arab and Middle East Affairs to United States President-elect Donald Trump. The company described the criticisms as “baseless and misguided,” attributing them to individuals who are unaware of Boulos’s significant accomplishments in business and leadership.

Mr. Boulos, a Lebanese-American businessman and father-in-law to Trump’s daughter, Tiffany, has faced scrutiny since his nomination. However, in a statement issued by Mr. Magnus Onyibe, Non-Executive Independent Director and Chairman of the Audit Committee at SCOA, the company affirmed Boulos’s qualifications and legacy, describing him as a visionary leader with a proven track record across various industries.

Celebrating Boulos’s Leadership

The statement, titled “Celebrating the Legacy of Mr. Massad Boulos’s Leadership at SCOA Nigeria Plc,” highlighted his pivotal role in transforming SCOA into a key player in Nigeria’s industrial and economic landscape. Onyibe commended Boulos’s expertise in navigating complex international transactions and facilitating trade partnerships between Nigeria, Germany, and France, which have delivered substantial value.

“The recent media criticisms questioning the breadth of Mr. Boulos’s experience and business acumen are not only unfounded but dismissive of his remarkable achievements. Contrary to claims, Mr. Boulos is a highly accomplished businessman whose expertise in executing complex international deals has earned him widespread respect,” Onyibe stated.

The statement also noted Boulos’s contribution to mobilizing the Arab-American and Middle Eastern-American vote in support of President-elect Trump, underscoring his organizational and political acumen.

SCOA’s Contributions Under Boulos’s Leadership

SCOA Nigeria Plc has cemented its position as a leading supplier of heavy-duty machinery, trucks, power generators, and agricultural equipment. The company serves major clients such as Julius Berger, Dangote Group, and Lafarge Africa, supporting critical infrastructure projects like the Lagos-Ibadan Expressway, Abuja-Kano Highway, and Eko Atlantic City.

Notably, the company has supplied advanced equipment essential for transformative projects, including:

•Lagos-Ibadan Expressway: Aiding reconstruction and expansion.

•Abuja-Kano Highway: Supplying machinery for the 376km road rehabilitation.

•Eko Atlantic City: Providing state-of-the-art machinery for the urban development project, which will host the world’s largest U.S. Embassy.

SCOA’s impact extends beyond Nigeria, as part of the FADOUL Group, a multinational conglomerate operating across West and Central Africa with over $1 billion in valuation and a workforce exceeding 20,000 people.

Defending Boulos’s Credentials

Addressing media allegations, Onyibe refuted claims that Boulos lacks the credentials for his new role or that he is not a billionaire. He highlighted Boulos’s reputation as a “deal-maker,” citing successful transactions that have strengthened SCOA’s partnerships globally.

“Efforts to undermine Mr. Boulos’s achievements are futile and a disservice to the facts. His leadership at SCOA and influence within the FADOUL Group have left an indelible mark on Nigeria’s industrial development and international commerce,” Onyibe added.

SCOA’s Legacy in Nigeria

With roots dating back to the 1970s, SCOA Nigeria Plc was the first European automotive assembly plant in Nigeria, assembling iconic Peugeot 404 and 504 vehicles at its Apapa facility. Today, it continues to play a critical role in assembling and distributing industrial and construction machinery vital to Nigeria’s economic growth.

Conclusion

As Massad Boulos assumes his new role as Senior Adviser on Arab and Middle East Affairs to President-elect Donald Trump, SCOA Nigeria Plc and the FADOUL Group remain confident in his capacity to deliver impactful results. The company hailed his leadership and reaffirmed its commitment to supporting Nigeria’s industrial development, emphasizing that Boulos’s expertise is an asset not only to the U.S. administration but also to the global business community.