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Nairaland Forum / Nairaland / General / Politics / N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo (19318 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 santaclaws: 10:08am On Jan 09 |
Eriokanmi: To the best of my knowledge, an LTD can have 2 to 50 shareholders, so you cannot claim that if a limited company has 20 shareholders for instance, they all have executive roles... So not all shareholders are directors in a company, whether a PLC or a limited company. By the way, if he is involved in any way, I hope the law takes its course just like he also mentioned. The fact remains that he's the best performing minister right now and it'd be a shame to lose someone like him. 2 Likes |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by seunmsg(m): 10:10am On Jan 09 |
LordAdam16: To bigots, it’s always about tribalism and not the truth. Someone did absolutely nothing wrong and violated no single rule but he must be suspended because you hate his tribe. Tueh! 4 Likes 1 Share |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by iswallker(m): 10:18am On Jan 09 |
seunmsg: It's just too early for a company in which he claims to be a shareholder to be taking contracts from sister ministries .... He claims not to be involved in the day to day running but he knows that due process was followed in awarding the contract.. By the way who are the directors in this company... If this happened in china this guy won't be seen for a long time in public ... If he is ever seen again.. If they started out with half a billion this early imagine how many trillions a company he is a shareholder would have collected before a four year tenure expires ... 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by LordAdam16: 10:26am On Jan 09 |
seunmsg: It is tribalism when you cannot back the same process because the culprit is from your tribe. Suspend Tunji. Perform a thorough investigation. If he's not found wanting, he'd be reinstated. Why is it proper for Betta from the SS. But not for Tunji from the SW. -Lord |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by blaise26abj(m): 10:31am On Jan 09 |
starstaz: It was a consultancy job , his company was taken alongside many others . I can’t say he didn’t influence it . Also conflict of interest arises if the company gets jobs in his own ministry . Just like Obi and the brewery saga. ( all politicians are the same ) 2 Likes |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odidigboigbo(m): 10:44am On Jan 09 |
TimeManager:Baba, to best of my knowledge, Zenith Bank and UBA are not being run by Jim Ovia and Tony Elumelu respectively for more than 12 years now, could you say they are not the owners of the Banks? Who takes the lion share of the profits made by the company, were he is the biggest shareholder, as the founder of the company? |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by CorrectionFLuid: 10:45am On Jan 09 |
seunmsg: If the man's name was Peter Obi, and the company name is Hero, you'd be rapping a different lyric. 2 Likes |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Eriokanmi: 10:54am On Jan 09 |
santaclaws:You talk like a novice. Let me educate you. I own businesses, which is LTD and I'm a shareholder to some banks and oil companies. I bought them years back. In a LTD liability coy, which is privately owned, you're not permitted to sell shares to the public . Your shares are limited only to the amount contributed to the company, in which case you're also a director. You don't earn dividends on the shares. What you earn is either profit or loss whuch is where Ojo fuckedd up. Once the company folds up, you lose all that you've contributed as a director or call it a shareholder if you like. If I want to run for a public office tomorrow, my shares in a public liability company(PlC) won't debar me from running for any office . But if I run a LTD company as a shareholder or a director, I need to approach my team and ask them to remove my name. They'd go to CAC and notify them as well. I hope I've educated you enough. 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Eriokanmi: 10:57am On Jan 09 |
247man:then, end of story if he truly did. But if his name is still there despite his resignation and the Co directors didn't meet the CAC for amendment of Memo and Articles of Association, na dem kill the career of minister Ojo. There's no ignorance in law. 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by faceland: 11:02am On Jan 09 |
Bobloco:He is insulting our intelligence; he changed the purpose of the company to be used for money laundering and has all his alibis set from the first day he got into public service. My guy chop 350+ million naira just to verify beneficiaries and give Betta advice. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Goodiep: 11:15am On Jan 09 |
as a big shareholder in every organisaton, you will scout for customers to shore up your stake, so you part of the investors so you have a case |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by bitbillionaire: 11:46am On Jan 09 |
adioolayi: The bolded are the points some people don't get. First, he is the founder of the company and he admitted that. He admitted he is a shareholder in the said company and I can bet he must be the biggest shareholder. Of course, he could appoint people who would protect his interest like his wife and children as directors and signatories to the account of the company; meaning he still control the company indirectly. Let's not forget that the amount paid as consultancy fee to the company is crazy (close to half a billion!). It's possible the amount was inflated because of his influence. His saving grace may be that his ministry was not the one that awarded the contract. Even at that, the contract need to be investigated to find out whether due process was followed or not. 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by ChiefOkporghe: 11:52am On Jan 09 |
seunmsg: |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by seunjungle1(m): 12:35pm On Jan 09 |
How many politicians had ever resigned their share portion because of politics in Nigeria and even the world? Even your master Obi should be in jail now for the same reason that took Betta to EFCC Racoon: |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by teepain: 12:57pm On Jan 09 |
aribisala0: You make a lot of sense. One of the challenges that Nigerians have is the inability to distill issues. There is this tendency to want to crucify people based on their political affiliations. In my opinion, while it looks fishy, this man hasn't done anything wrong in my opinion except further material disclosures are made as to his involvement. Until then what we have are only suspicions, perhaps because of the antecedents of the average Nigerian politician. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Nfora: 1:17pm On Jan 09 |
What a scandal ! Shareholders are the real owners of a company, with absolute rights to all profits of the company. Those who think performance is an excuse for corruption, are probably sick in the head! |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 1:43pm On Jan 09 |
onosbaba3310: Tunji did not award the contract to himself. He's not the minister of humanitarian affairs That is why his case is still fair compared to Obi. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Odogwuzack: 1:46pm On Jan 09 |
nedekid: It has everything to do with Obi because you Obidients suffer from selective justice. You want to kill one thief while you defend another thief like Obi that practically did worse with your life. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by AerialMapper: 1:47pm On Jan 09 |
Odogwuzack: Absolutely correct! I don't have your time so I can't give you anymore of that. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by nedekid: 1:59pm On Jan 09 |
Odogwuzack:What is my business with Obi? To hell with Obi for all I care. It is the hight of immaturity, pettiness, simple mindedness to link a politician that lost office and not in power to the current misadventures of officials of the government in place. As per someone doing worse for my life, I will ignore that as I know some Nigerians have mouth and speak above their pay grade. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by wealthyvic1: 2:08pm On Jan 09 |
kingsways:VERY CORRECT |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by aribisala0(m): 2:08pm On Jan 09 |
teepain:Many people are not capable of being neutral They always take one side or the other and expect everyone else to do the same It becomes a You are on my side or my enemy issue Even those attacking him are not asking the real questions they should be asking 1. Did he declare his interest in this company when he declared his assets .2. What per centage of the company does he own does he own it 100 if not who are the other shareholders 3, What is the track record of the company in consultancy since inception 4. Was the contract properly advertised and bid for 5. What exactly was the Consultancy all about? What value was added? 6. Did he at any time discuss the contract with colleagues or otherwise influence the award of the contract 7. Who exactly was the Person that did the consultancy work and what is their history Those are the questions that need answers Asking those questions does not make me his antagonist On the other hand one should be able to anticipate his defence too especially the question about What the extant rules are and has he broken any 1 Like |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by writeprof(m): 2:10pm On Jan 09 |
What I see is a situation of PBAT pulling the carpet from under the feet of Edu and Ojo...I don't believe they could sign contracts of that sum without the president's approval. Either a set up or deal gone wrong. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by middlebelter(m): 2:14pm On Jan 09 |
chisomkachy: The enemies of Nigeria are after the best minister in BAT administration. People who are against the reform this man is implementing in the immigration service will come after him. Sad, so sad that Nigerians have a way of pulling down the good people for selfish reasons. Just check the dramatic changes in the Immigration service since this man became minister of the Interior, the extortionists were silenced and the reform made them irrelevant. I hope BAT will look beyond this baseless accusation and allow the man to continue with the good work he is doing for the helpless masses. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Raf4: 2:47pm On Jan 09 |
Racoon: Which law says you cannot be a shareholder in a company because you're a political appointee? |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by BluntCrazeMan: 2:50pm On Jan 09 |
chisomkachy:By the time we start seeking the details of the job done, as well as the contract file, so that we can see the technical report of the exact job which the company did, and the certificate with which the amounts were paid,, you will start to stammer. 1 Like 1 Share |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by BluntCrazeMan: 2:55pm On Jan 09 |
chisomkachy:Oga.. The problem here is “CONFLICT OF INTEREST”. And not Whether you're the Director or Not. A company you're the Direct Beneficiary of is handling Jobs in the Government that you're directly involved in. 1 Like 1 Share |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by casualobserver: 3:11pm On Jan 09 |
Bobloco: Peter Obi that actually invested state money in a companies (not one but at least 2) in which he is a shareholder, you did not ask him to submit himself to EFCC? 1 Like 1 Share |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by rafcrown(m): 3:18pm On Jan 09 |
Difficult to get honest and transparent people in politics in Nigeria. Difficult to find honest Nigerians Difficult to build a just society in Nigeria Dishonest pastors Dishonest Islamic scholars No truth,no dignity. |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by Cromagnon: 4:07pm On Jan 09 |
Lastmankc:Is getting passport ó time and cheaper evil,? Is releasing prisoners held without trial because of 4000 naira fine evil? Is like you enjoy suffering |
Re: N438m Scandal: I Am A Shareholder Not Director Of The Company - Tunji-Ojo by regenerateman(m): 5:22pm On Jan 09 |
This man didn't explain to us whether he is a major shareholder or minor shareholder. The number of shares a person posseses in a company can empower him to appoint himself or someone else as chairman or CEO. So if this man is a major shareholde, he can directly appoint directors to this company. There4, what's he saying? There's conflicts of interest here. The only escape root here is that the contract wasn't awarded in his ministry. |
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