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Nairaland Forum / Nairaland / General / Politics / N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo (19506 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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N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by chisomkachy: 10:22pm On Jan 08 |
The Minister of Interior, Olubunmi Tunji-Ojo, has denied involvement in the N438.1 million consultancy contract between New Planet Project Limited and the Ministry of Humanitarian Affairs and Poverty Alleviation. https://www.google.com/amp/s/punchng.com/betta-edu-im-not-involved-in-n438m-million-contract-interior-minister/%3famp 22 Likes 3 Shares
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Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Bobloco: 10:27pm On Jan 08 |
The biggest shareholder you mean Then you are culpable Kindly throw in the towel now and submit yourself at the nearest EFCC office 65 Likes 12 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by TimeManager(m): 10:27pm On Jan 08 |
Baba, just focus and leave detractors and blackmailers, they must be stupid to think they could bring down every performing minister as they did Betta. By the time DSS starts picking them up one after another, they'd be alright. -kiss the truth! 53 Likes 10 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Curious345: 10:43pm On Jan 08 |
Well i wish this man escapes .. but Tinubu will crush him soon 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Jking20(m): 11:02pm On Jan 08 |
Another challenge... 2 Likes 2 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Racoon(m): 11:09pm On Jan 08 |
Did he resigned as shareholder before taking government appointment? If not he is culpriable too. Paddy paddy government. 62 Likes 13 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by kingsways: 11:16pm On Jan 08 |
Thief Shareholders are the owners of a company and beneficiaries of whatever profits they make 96 Likes 12 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Kukutente23: 11:19pm On Jan 08 |
So this is true after all Paddy paddy govt 31 Likes 2 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by GOFRONT(m): 11:47pm On Jan 08 |
Breeze go blow all una yansh open like a fowl yans When you are an Active public office holder, Never you award a contract or even allow your Company to bid for a Contract.......The Grasscutter man tried this with Buhari and he was caught and Fired!!! 49 Likes 8 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Lastmankc(m): 11:55pm On Jan 08 |
TimeManager:See them,you guys are programmed like a zombie to support anything evil 79 Likes 9 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Lastmankc(m): 11:58pm On Jan 08 |
Moral of the story, Nobody is clean in this government.Nobody is clean even in Nigeria 11 Likes |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by starstaz(m): 12:14am On Jan 09 |
Tunji Ojo Too. All this young men and Ladies politicians are seriously sick in their forehead's. How can you, early,play the card of desperados in the cult of kleptomaniac in a society where everyone is projected to be Hungry and Angry. And why should you compromise standards. Since you know how to collect contract , why join them in their cult war on the table. U fall hand Egbon! 8 Likes 1 Share |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by aswani(m): 12:45am On Jan 09 |
This doesn't look good at all whether or not he is a shareholder or director. If you guys are going to be so corrupt, and you are not the only ones, must it be so bazen PDP style? A clear Conflict of interest scenario, please go. 12 Likes 1 Share |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 12:48am On Jan 09 |
Lol |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 12:48am On Jan 09 |
aswani: Lmao You guys should go and sit down with your malicious intent if you can not point to a part of the constitution he breached. 11 Likes
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Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 1:08am On Jan 09 |
Bobloco: Did you read where he said he had resigned his directorship in 2019 (with proper documentations) and do not pursue jobs for the company neither is he a signatory to any document? I'm very sure you saw that part but una agenda must agend. 13 Likes 2 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Bankowner: 1:38am On Jan 09 |
A shareholder benefits directly from the profit of the everyday business of a company. As long as you're in government, and the company you claim to be a shareholder in makes money from govt contracts, you're still culpable. Ignorance in law is not an excuse, there is inherent conflict of interest. 16 Likes 1 Share |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by ivolt: 1:38am On Jan 09 |
aswani:He did not award the contract to his own company. So, tell us what doesn't look good or illegal about that. After all awarding contract to your own company is the norm e.g Lagos Alpha Beta and also Umahi's various road project to his company while a governor. 2 Likes |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by ivolt: 1:45am On Jan 09 |
Racoon:Why should he resign as a shareholder. Is there a law barring all public office holders from owning fully or part of a private company? 12 Likes 1 Share |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Yankee101: 3:45am On Jan 09 |
Fire him too |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by DeLaRue: 4:03am On Jan 09 |
A company you founded and in which you continue to be shareholder secured a huge contract from another ministry in the same Government in which you are currently serving as a minister And your defense is ... oh, but I am no longer a Director of the company, I am only a shareholder As a shareholder, you are a beneficiary of the contract. That is the koko. Whether or not you're a director is irrelevant. This is not allowed anywhere, exceptmay be Nigeria. It is a straight forward sacking offence. Is the Minister saying that if he finds that the permanent secretary in his ministry got a large contract from the ministry through a company the PS owns with perhaps his wife, the Minister will say, ah well, since the PS is only a shareholder and not a director, everything is fine? Foreign observers must be laughing their heads off at this, or more appropriately shaking their heads in disgust at the level of insane corruption in Nigeria. Has the Minister never had of conflict of interest and abuse of office. And how on earth can he say he was not aware the company bid for the contract. He must think Nigerians are fools. If this matter is investigated properly, and the government is truly serious, this man will be gone with Ms Edu and the other lady. No ifs, no buts. 30 Likes 3 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by seunmsg(m): 4:23am On Jan 09 |
Racoon: You read clearly where he said he resigned five years ago and you’re still asking this silly question. He even brought the company resulting endorsing his resignation and the certified true copy of his CAC document accepting his removal as director of the company since 2019 to the program. So, what else are you looking for? 10 Likes |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by aribisala0(m): 4:23am On Jan 09 |
DeLaRue: It sounds fishy but when you say NOT ALLOWED You need to educate us NO LAW NO CRIME Has he broken any rules If he has not should we be making new rules to clarify things ?? Maybe Is there a law that you can cite in Nigeria or any other country that outlaws this today?? Your analogy of permanent secretary is off key because that would be a direct conflict of interest Being in the same government is not enough unless there is a demonstrated conflict of interest. or evidence that he influenced the award of the contract If a lawyer becomes an Attorney general or Minister like Keyamo does that mean his Firm is no longer entitled to government work? It may sound fishy but what is needed is explicit rules not online moralizing What is important here is to ask questions about the naturre of the contract and whether it was executed properly A contract is not a sin or something dirty When Tony Blair was Prime Minister. His wife was a Barrister getting government briefs. Was she to cease that because her Husband was Prime Minister The real questions are was the contract thrown open to the public properly and did the government get value for the money paid out? 17 Likes 2 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by seunmsg(m): 4:40am On Jan 09 |
DeLaRue: The part in bold is not allowed because it brings conflict of interest. The permanent Secretary is the chairman of the ministry’s tenders board so if a company he’s a shareholder of bids for contract in that same ministry, he will have to disclose it in line with public procurement act and recuse himself as the chairman of the tenders board because of conflict of interest. Again, PS are civil servants who rise from service. They are ordinarily not expected to own companies even though they can buy shares in public limited liability companies. Political office holders are elected or appointed. The law recognizes that they were doing something before their appointment or election so they simply require them to step aside from the management of whatever business they were doing before. The law does not require the business to die or stop operating because the founder is now a political office again. Again, Peter Obi was a shareholder in Fidelity bank before becoming governor. He did not sell his shares in fidelity bank and the bank kept doing business with Anambra state government throughout his tenure. He even brought in directors from the bank to serve as commissioners and later governor of the state. Atiku Abubakar was the largest shareholder in Intels in 1999. When he was elected as Vice President, Atiku did not sell his shares at Intels and the company worked for Federal government for the 8 years that Atiku was the vice president. So, what’s all the noise this time around? Did foreigners laugh at us when Peter Obi was investing state funds in family business? Finally, the company in question is a legal entity distinct from the minister. The minister is the minister for interior and not the minister for humanitarian affairs. The minister for interior is not involved whatsoever in the procurement process of ministry of humanitarian affairs so there is no conflict of interest whatsoever. The company has the right to exist and do business legally with government agencies under the public procurement act in as much as no conflict of interest is involved in the process. 27 Likes 3 Shares |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Asswipemod: 5:59am On Jan 09 |
seunmsg:Kadoso Mutairu! 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by gabbytabby: 6:30am On Jan 09 |
Resign as shareholder you dey hear yourselves enemies of Nigeria. Na only destitute people una expect to be running the country. We want captains of industry who understand what is going on. Racoon: 5 Likes 1 Share |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by greenie77: 6:31am On Jan 09 |
The wife is the director. 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Realestatevixen: 6:31am On Jan 09 |
Ok |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Buharism101(m): 6:32am On Jan 09 |
Woe unto all the enemies of the federal republic of Nigeria 🇳🇬.... Nigeria will be great! 2 Likes |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by NaijaCover(m): 6:32am On Jan 09 |
Correct Man |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by princeade86(m): 6:33am On Jan 09 |
Nobody holy pass. Look into my eyes and tell u holy. These our leaders fear God, not to talk of anybody 1 Like |
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