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Nairaland Forum / Nairaland / General / Politics / N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo (19281 Views)
CCB Invites Tunji-Ojo Over Alleged N438m Contract Scam / Another Minister, Tunji-ojo Fingered In Another N438m Fraud. / Adebayo Shittu On NYSC Scandal: I Don't Have Fake Certificate Like Kemi Adeosun (2) (3) (4)
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Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by poseidon12: 8:10am On Jan 09 |
TimeManager: |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Ferdinandu(m): 8:11am On Jan 09 |
chisomkachy:Idiot agreed he founded the company, he is still a shareholder in the company probably bingo still owns upto 90% of the shares but he is washing his hands off all the dealings of the company. Who founds a company in Nigeria that is still making profits , never sold it off and still claims to be uninterested in what happens there. Big time liar 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by MT: 8:11am On Jan 09 |
dinkyicon: Stop making irrelevant references. Your Donald Trump committed 3400 conflict of interest, as a sitting President and they were well documented by the watch dog (https://www.google.com/amp/s/www.forbes.com/sites/andrewsolender/2020/09/24/watchdog-report-cites-3400-conflicts-of-interest-during-trump-presidency/amp/) Is ethic alien to Nigerians? Why you guys don't seem to understand that ethical standard was broken here was beyond me |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by poseidon12: 8:15am On Jan 09 |
Odogwuzack: Keep quiet. Not everyone is as naive and gullible as you. Didn't you read the part where he said he formed the company? He is the owner of that Company. The Directorship resignation is just clever paperwork to cover up his ownership. Nigeria is not US or Europe, ok? |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by NinjaMetahuman: 8:15am On Jan 09 |
Racoon:read the post na.. it's short. He said he has resigned long ago. The post is not even that long. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by EvangelistChuks(m): 8:18am On Jan 09 |
Even companies bar their employees and family members from participating in the promo they run ;ordinary company. Nigerians defending the indefensible. Jesus loves you. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by NinjaMetahuman: 8:19am On Jan 09 |
Racoon:being a shareholder means you are not in full control of the company and all its decision. Just like Jim ratckliff is not full owner of many UTD and cannot just wake up one day, and say let's start doing shady business with some club from Saudi. It has to be out to a votes |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by emmnprince(m): 8:20am On Jan 09 |
Racoon: Is it out of place base on PSR for a government official to be a shareholder of a company (or a shareholder of the company he founded)? |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by PHAYOL81: 8:22am On Jan 09 |
Wow, watching patiently. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by NinjaMetahuman: 8:26am On Jan 09 |
Odogwuzack:it's not even that hard. But they just want to crucify the guy. First, the company didn't do any thing illegal. They were paid for a service. Second, the man resigned in 2019 when he became senator. So whatever decision after that was solely on the new CEO of the company which has to be put to a vote ofcos. Third, Should agecenies not receive legal consultation fees again because government is paying? Or contractors should not receive project enumeration again because government? |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by aAK1(m): 8:29am On Jan 09 |
All this are technicalities. This guys know what they are doing |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by tamdun: 8:30am On Jan 09 |
Racoon:How do one resign from being a share holder? |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by LordAdam16: 8:30am On Jan 09 |
seunmsg: Yes, he said that. But SR reportage with screenshots of the current details as of time of writing clearly showed the CAC identifying him as a director, alongside his wife. Here is the link - https://saharareporters.com/2024/01/08/how-company-owned-tinubus-interior-minister-olubunmi-tunji-ojo-got-n438million Bear in mind that the entry was updated as recently as November 2023. So, if he did in fact resign his executive position in the company in 2019, ideally, it should be reflected in the public records. The Nigerian civil service is notoriously negligent, so he may in fact be correct, and the error may be from whichever department is in charge of updating CAC records. But that calls for a detailed investigation. If there's to be an investigation, precedence dictates Tinubu suspends him as well. Tinubu opened a can of worms by suspending Betta Edu. Everyone in his government will get a suspension if their activities comes to light. And they likely will if the dominoes continue to fall. It'll be a circular firing squad as no one will opt to go down alone. -Lord 4 Likes 1 Share |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by mrjojo: 8:32am On Jan 09 |
The smart and "honorable" thing would be to resign. The company got the contract solely due to his influence and not through a fair bidding process |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by NinjaMetahuman: 8:34am On Jan 09 |
dfrost:let's say you have shares in Julius Berger, it makes you a shareholder but not owner of Julius Berger. If Julius Berger legally collects contract from government but it turns out the money for the contract came from dasuki gate. Should they sack you from your current place of work for the decision carried out by Julius Berger and it's CEO? |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Bluntemperor: 8:39am On Jan 09 |
Bobloco: Are you the EFCC now, because you love to galvanized wickedly on anything-this govt is doing just because of your elections loss as an LP and PDP Sympathersers! Sorry,go and learn the rules of Business Administration and Financial Laws! In a normal business,duely registered, even where the business owners are unknown,the Courts can ask the Corporate Affairs Commission- to lift the veil of the Incorporation,ie, we can know who is behind the business,just as Seun Osewa could be asked behind - to show the names of those talking or Enemies of the State or have insurrections backgrounds,so if you think you are hiding your identity on this Platform to commit an Offence against the State,sorry is your name! •You should learn to be observant,than being an antagonist at all times! |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by showwiggy: 8:42am On Jan 09 |
Odogwuzack: They don't read,they only follow their inbuilt hatred instincts. Data price needs to increase so we would not be seeing stupid comment from the children of hates. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by yeshuasfootstep(m): 8:43am On Jan 09 |
Consultancy. This word has been used to loot us dry. What actually are they consulting? How to make sure that all involved got their money openly and transparently? Because that's just the task the ministry must accomplish. But in this case we've seen that the consultants failed woefully as public money even found itself inside private account. If you think it may be used or returned intact later, what happens to interests that will accrue, and the temptation to delay it for such interests thereby short-changing supposed beneficiaries. So this has proved that consultancy in this part of the world is just a word used to reduce, or even finish money meant for any project. The consultants have to return the money and be prosecuted, followed by curses of the poor they've defrauded. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 8:49am On Jan 09 |
nedekid: You know all these and you know Obi did worse yet you guys promoted him and sing his praises. You are not serious. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by kingsways: 8:50am On Jan 09 |
daygee12:People like you are the problem of this country because you are even worse than the thieves in government 1. GT is a listed company and not a private company 2. You are not the founder and a major shareholder of GT. The company in question is a PRIVATE company where the Minister is founder and major shareholder. The Minister is clearly a major beneficiary of the company's contracts and profits |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 8:51am On Jan 09 |
Bobloco: The kind of questions you guys suppose to ask Obi before declaring him a saint and Messiah and leading the weak minds astray. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 8:52am On Jan 09 |
princeade86: By this your logic, then Obi should die in prison. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by edogu(m): 8:52am On Jan 09 |
I don't think that's a problem. The problem should be whether the company ( including the amount of shares) was part of assets declared by him before his appointment. If not, he's culpable. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by nairalanda1(m): 8:54am On Jan 09 |
The fact that the man is a shareholder reeks of conflict of interest really. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by AerialMapper: 8:56am On Jan 09 |
Weak rebuttal!! You still have an interest in the company and you cannot tell anyone with half a brain cell that the company was awarded the contract based on merit alone! In fact, it is your involvement with the company that got it the contract Simple!!!!! 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 9:00am On Jan 09 |
DeLaRue: It is now that many of you are getting to understand why every reasonable person believe that Obi would have rot in jail in saner clime. But Tunji-Ojo's case is even better because he's not the one that awarded the contract. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by showwiggy: 9:01am On Jan 09 |
MT: In as much as he's not involved in the management, nor his he a director,no conflict of ethic broken,don't say what you don't know.why do you think Trump stepped down from the management of his company and place his children to run it?and mind you,he was still a shareholder.go make your research. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 9:03am On Jan 09 |
AerialMapper: Did he award the contract by himself? So what should we do to a siting governor awarded directly to his own company?? Unfortunately that governor is some persons' Messiah today lol. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by seunmsg(m): 9:03am On Jan 09 |
LordAdam16: That CAC has not updated their website is not the minister’s fault. What’s most important is that the minister has the certified truth copy of the CAC approval confirming his resignation from the company in 2019. You can take up CAC on their internal processes if you want. 3 Likes |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Paramount01(m): 9:07am On Jan 09 |
kingsways: Are you normal at all? Think before you write, because I am public holder the company I have share with should not bid for any contract abi, because I have share in union bank, Govt should not do busines with them again. Pls be wise, he has nilot committed any offence against the law |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by AerialMapper: 9:07am On Jan 09 |
Odogwuzack: My post was for people with functional brain cells. I actually stated it clearly in my post. 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 9:10am On Jan 09 |
maasoap: Because they are very clueless and unintelligent. Their saving grace is insults and broke shaming those that are better than their lineage. 1 Like |
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