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N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo - Politics (6) - Nairaland

Nairaland Forum / Nairaland / General / Politics / N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo (19325 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 frog12: 9:11am On Jan 09
cite a section of the public service rules offhead.

do you even understand what you are saying??

DesChyko:


There is no law in public service that prevents any public officer from being a shareholder of any company. Except it can be shown how he influenced the award of those funds to the said company, the directors will be more culpable before even the shareholders.
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 9:12am On Jan 09
AerialMapper:



My post was for people with functional brain cells. I actually stated it clearly in my post.

You clearly can't give what you don't have. grin

Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by frog12: 9:13am On Jan 09
depends on how many percentage you get. i think this na small company. i suspect he owns the company

daygee12:


Because I'm a shareholder of GTBANK and I'm a government official so GTBANK should not take contract from the government?
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Komu1048(m): 9:13am On Jan 09
chisomkachy:


https://www.google.com/amp/s/punchng.com/betta-edu-im-not-involved-in-n438m-million-contract-interior-minister/%3famp


Nawao, politicians want to indict all technocrats in this government so that it will now remain the we-we. Why is it that the efcc search light is beaming on technocrats with few millions while politicians r stealing billions
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by MT: 9:13am On Jan 09
showwiggy:



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.

You know more than the US watchdog that found Trump culpable of 3400 conflict of interest.

Typical Nigerian, always arguing with the fact in front of their noses.
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by frog12: 9:15am On Jan 09
good. we need FX money grin grin

Komu1048:


Nawao, politicians want to indict all technocrats in this government so that it will now remain the we-we. Why is it that the efcc search light is beaming on technocrats with few millions while politicians r stealing billions
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by DesChyko: 9:16am On Jan 09
frog12:
cite a section of the public service rules offhead.

do you even understand what you are saying??


These things are in public domain, Oga. Public Service Code of Conduct is a preserve of the Ministry of Interior Affairs.

https://interior.gov.ng/media/1054/publicservicerules.pdf
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by frog12: 9:16am On Jan 09
he resigned from day to day but he still owns the company. wetin he tell EDU him minister colleague to award contract to that company?? grin grin grin
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by nedekid: 9:16am On Jan 09
Odogwuzack:


You know all these and you know Obi did worse yet you guys promoted him and sing his praises.

You are not serious.
What has Obi got to do with this issue at hand, the wanton sharing, looting of money meant for social intervention of poor Nigerians.
Why are you easily distracted?
It seems you may be naive of the severity of the issue.

https://saharareporters.com/2024/01/08/how-company-owned-tinubus-interior-minister-olubunmi-tunji-ojo-got-n438million
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by LordAdam16: 9:20am On Jan 09
seunmsg:


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.

Anyone can claim anything.
A thorough investigation should be carried out, and the Minister should be suspended whilst that's ongoing.
Tinubu set the pace. He should remain consistent.

-Lord
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by seunmsg(m): 9:22am On Jan 09
LordAdam16:


Anyone can claim anything.
A thorough investigation should be carried out, and the Minister should be suspended whilst that's ongoing.
Tinubu set the pace. He should remain consistent.

-Lord

Go and suspend him now.

2 Likes

Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by 247man: 9:23am On Jan 09
Racoon:
Did he resigned as shareholder before taking government appointment? If not he is culpriable too. Paddy paddy government.

So a politician should sell all his shares from all companies because he wants to serve his country? And we want corruption to stop? The same mistake Jonathan did with his former minister for Power is what the enemies hope BAT make.

Go and check what is happening in the contracts awarded in the advanced countries you wish to emulate. The question should be “did the company carry out the contract or they just collected money and didn’t do anything?”

To me this is just a distraction. I knew they will come for him soon cos he is making other useless ministers look very stupid. If this guy is removed, then Tinubu’s enemies and enemies of Nigeria’s progress will celebrate a big win.

If I’m the one sha, i will tender my resignation to give way for proper investigation and see if the president will accept it. I’m sure a smart president won’t accept such resignation.
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by aguluobi: 9:25am On Jan 09
But Pandora Criminal Peter Obi never resigned from companies he help share when the bastard kept siphoning Anambra resources n money into his bank account
Racoon:
Did he resigned as shareholder before taking government appointment? If not he is culpriable too. Paddy paddy government.
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by onosbaba3310: 9:26am On Jan 09
Odogwuzack:


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.

Lmao😂😂 you are the same people that were calling Peter obi a thief for saving Anambra's money in Fidelity Bank, I repeat "saving Anambra's money" now your party and able minister secured a contract to a company he founded and is still a share holder,and he is still entitled to dividends from every revenue and profits the company makes, suddenly your party member is now a saint😂😂😂

I first talk am say if Dem gather all Tinubu's supporters IQ, join am together, the sense wey una get all together no go reach 2mb😂😂
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by onosbaba3310: 9:28am On Jan 09
247man:


So a politician should sell all his shares from any company because he wants to serve his country? And we want corruption to stop?

Go and check what is happening in the contracts awarded in the advanced countries you wish to emulate. The question should be “did the company carry out the contract or they just collected money and didn’t do anything?”

To me this is just a distraction. I knew they will come for him soon cos he is making other useless ministers look very stupid. If this guy is removed, then Tinubu’s enemies and enemies of Nigeria’s progress will celebrate a big win.

If I’m the one sha, i will tender my resignation to give way for proper investigation and see if the president will accept it.

Now it is legal and commendable for the government he is part of to award contract to his company while he is an active minister in the same company, but you guys were against this motion during the election last year😂😂

Lmao😂😂 you are the same people that were calling Peter obi a thief for saving Anambra's money in Fidelity Bank, I repeat "saving Anambra's money" now your party and able minister secured a contract to a company he founded and is still a share holder,and he is still entitled to dividends from every revenue and profits the company makes, suddenly your party member is now a saint😂😂😂

I first talk am say if Dem gather all Tinubu's supporters IQ, join am together, the sense wey una get all together no go reach 2mb😂😂
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Eriokanmi: 9:33am On Jan 09
santaclaws:


LOL... Resign as shareholder? Do you even understand what you wrote at all? 😂😂😂
A shareholder in a limited liability company is also a director. The company in question isn't a PLC. The laws are clear. Good luck to him as he struggles to defend himself

1 Like

Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by LordAdam16: 9:33am On Jan 09
seunmsg:


Go and suspend him now.

E don reach Yoruba man now, e don turn "go and suspend him now".
Na una turn now, do as una like.

-Lord
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by onosbaba3310: 9:35am On Jan 09
NinjaMetahuman:
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

But Peter obi was a share holder in Fidelity bank and he is not in full control of the bank, but you people called him a criminal here on nairaland for just saving Anambra's money in Fidelity bank, now you are here today defending your minister😂😂 interesting!

1 Like

Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Eriokanmi: 9:36am On Jan 09
247man:


So a politician should sell all his shares from all companies because he wants to serve his country? And we want corruption to stop? The same mistake Jonathan did with his former minister for Power is what the enemies hope BAT make.

Go and check what is happening in the contracts awarded in the advanced countries you wish to emulate. The question should be “did the company carry out the contract or they just collected money and didn’t do anything?”

To me this is just a distraction. I knew they will come for him soon cos he is making other useless ministers look very stupid. If this guy is removed, then Tinubu’s enemies and enemies of Nigeria’s progress will celebrate a big win.

If I’m the one sha, i will tender my resignation to give way for proper investigation and see if the president will accept it. I’m sure a smart president won’t accept such resignation.
Except the company in question is a public quoted company otherwise known as PLC, otherwise, he's one of the directors of that company and he ought to have resigned and appointed someone else to replace him and approached the CAC for the ammendments. Tinubu did same before joining the race in the case of alpha beta. It's that simple. You don't have to keep stressing yourself over this matter. He really made a big mistake.

The law would take its course. Gd luck to him
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by kingsways: 9:36am On Jan 09
Paramount01:





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

Two of you are Ministers in the same government. Then the other minister (Minister for Humanitarian Affairs whose job is straightforward to disburse palliatives to poor and vulnerable Nigerians) awards a fraudulent half-a-billion Naira 'consultancy' contract to a private company where you are the founder and major shareholder.

If not that the two of you are crooks, what are you consulting that they are paying you half a billion Naira when nothing has been disbursed to the so-called poor households?

these evil you are justifying, you no dey fear God?

3 Likes

Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by starstaz(m): 9:38am On Jan 09
blaise26abj:


I don’t understand this rant . So you can’t have a business and go into politics ? You must give it all up because you want to serve the country ? Come on . What he has done is the standard anywhere in the world . Even Trump did that . So please cut that gentleman some slack

Conflict of interest is at play here. Inside Job contract, by the way ,are u aware of this job proposition or a slight peek. Who told you a common man like me is not interested in this kind of contract provided it is Legitimate. If you think there is nothing wrong for a sitting Minister in a govt to deep his hand in a dirty scandal like this, so be it. We see things from different angle.
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Bluntemperor: 9:42am On Jan 09
Komu1048:


Nawao, politicians want to indict all technocrats in this government so that it will now remain the we-we. Why is it that the efcc search light is beaming on technocrats with few millions while politicians r stealing billions

The EFCC are duty bound not to be carried away with the Politicians and their Footsoldiers Shenanigans on the Social Media,with Pull Down Syndrome(PDS), even no matter good a Person or Minister may be.
That will be a Double Jeopardy,if the Professional accusations later turned to be false because of many biases and Partician Politics!

1 Like

Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by onosbaba3310: 9:44am On Jan 09
NinjaMetahuman:
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?

It is not wrong at all, it is very good and legal, I agree with you, now my question is why did you guys criticize Peter last year for saving Anambra's money in Fidelity bank and investing Anambra's money in a company he is a share holder in but doesn't control? Has it be legal since or they just legalized it? Or you guys just realizing that it is legal or you people knew Peter obi wasn't guilty of anything before but you guys just choosed to be dumb at that time?😅
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by BabaTamoo: 9:48am On Jan 09
God save Nigeria
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by 247man: 9:48am On Jan 09
Eriokanmi:
Except the company in question is a public quoted company otherwise known as PLC, otherwise, he's one of the directors of that company and he ought to have resigned and appointed someone else to replace him and approached the CAC for the ammendments. Tinubu did same before joining the race in the case of alpha beta. It's that simple. You don't have to keep stressing yourself over this matter. He really made a big mistake.

The law would take its course. Gd luck to him

From what i read, he did resign in 2019.
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by onosbaba3310: 9:49am On Jan 09
NinjaMetahuman:
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?


Is not that hard at all bro, and the company did not do anything illegal at all, plus the guy resigned.

But were you not aware of this when you people were ignorantly calling Peter fraud for "saving" Anambra's money in Fidelity bank, or did Fidelity Bank did anything illegal with the Anambra's money? If Peter was called a Fraud for this, then your minister is a complete fraud too😅😅
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by onosbaba3310: 9:51am On Jan 09
NinjaMetahuman:
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?

But this wasn't the narrative when you people were dragging Peter obi for saving Anambra's money in Fidelity bank, was it?😅😅
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by onosbaba3310: 9:58am On Jan 09
Odogwuzack:


By this your logic, then Obi should die in prison.

Yes and tunji also, because you criticised obi for "saving" Anambra's money in Fidelity bank, simply because he was a share holder, na you are defending tunji😅😅
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by johnog4sure: 10:02am On Jan 09
This one shot himself in the leg o, its even better he remained silent! Shareholding means partial ownership, and you award contract to a company you have stake in, mumu just fk up.
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by killsmith(f): 10:04am On Jan 09
TimeManager:
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!




This your trick of using DSS to silence people from airing their opinion is stale.

Do better!
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by johnog4sure: 10:06am On Jan 09
Odogwuzack:


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.
Go and check public procurement rules: many companies bided for that contract and he is a shareholder in one of the companies that wan the contract. This dude shot himself in the leg.
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by NinjaMetahuman: 10:08am On Jan 09
onosbaba3310:


But this wasn't the narrative when you people were dragging Peter obi for saving Anambra's money in Fidelity bank, was it?😅😅
There is very big difference in both scenerio.
You are comparing apple and oranges.

Obi was literally saving state money in bank where he had most shares.

If Tunji ojo is taking all contracts or consultancy fees of ministry of interior to the company he has shares, then it will be absolutely insane to defend such act.

Just like if fidelity lobbied to save money for another state not anambra under obi who was like a major shareholder, it wouldn't have been a big deal.

Just like no one is crucifying states for saving monies in different banks, but you are not supposed to do it in the bank that you have interest.

I hope you understand these two scenerios clearly now.

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