First, the wife shares in the company comes home to the family. You can easily influence the contract, Eddu is a colleague, she can compromise because a day will come when she needs backing and you will agree to her terms because she gave your wife a contract
Is that a crime? Everyone can have influence or interest or connection to do so that is what we call power of help and connections WHAT MATTERS MOST IS TO FOLLOW DUE PROCESS.
@@AA-xs8mvAre you now saying the company should not bid for a contract with a govt ministry just because its founder is the head of another ministry? Every company that bid for a contract under govt will have to lobby for it. Mere saying he influenced the contract because his colleague is a Minister does not hold water at all
He. Can still pass on sensitive information to his private company through the back door despite the fact that he resigned his directorship from that company and not involved in the daily decision making process.he. Can still be a involved in insider dealing and passing on sensitive government information by virtue of his position as shareholder
Seun is doing a poor job as a journalist; he should have asked him if he is the majority shareholder of the company; people appoint proxies as directors but yet maintain an indirect control over the company. So all what he is saying are lies and nonsense
This man has covered his tracks & seems to be doing a good job.. however, I strongly doubt he was not aware of an exorbitant cost for “humanitarian affairs” charged by his company to a colleague. There are certain things we should not be accepting when we as a people are truly ready to eliminate corruption.
This can only happen in Nigeria. The fact that he resigned his directorship does not exonerate him. He remains a shareholder of the company. And his wife remains the director. He has a vested interest in the company. In a sane society, Olubunmi Tunji Ojo would have either been asked to step aside pending investigation of the allegations or willingly step aside. He is not as smart as he thinks.
@@yemmie4280What are you saying? Should the company fold up because its founder is a minister? Doesn't the company have the right to bid for a contract just like every other company in Nigeria? Conflict of interest will arise if the contract was awarded in a ministry under him.
@@michaelayodele3210 what I am saying is that his explanation is not satisfactory. I can blame you if you don't agree with me. You are a typical Nigerian reasoning like a Nigerian who is a beneficiary of Tunji Ojo. I maintain that in a sane society, he will not wait for him to be sacked to step aside, he will do so willingly. That is not the culture in Nigeria so I can understand your argument.
This guy is a professional Looter. The wife is still the head of the company or a director, he's the founder and major share holder, Now he's here playing 2 cut 4.
You are not a director but you are a shareholder in the company. So you are still connected to the company. And you are indirectly defending the company.
Seun should have asked him if he is the majority shareholder of the company; people appoint proxies as directors but yet maintain an indirect control over the company. So all what he is saying are lies and nonsense
@@femi2873What is he is a major shareholder? Are you saying the company should not bid for a contract just because its founder is a Minister in another ministry?
If his wife is working there, it’s a conflict of interests…people resign in America because of things like that…forget embellishment….he is a shareholder…you don’t have to be a director to funnel money lol…forget this paper he is showing fools who don’t have brains to understand how Nigeria works
@@patrickihejirika it’s a gray area, even if the wife is a director, the company did not pursue contracts in Ministry of Interior where he’s in charge. People have the right to own shares in any company. Presidents and politicians own shares in various companies. Rishi Sunak’s wife has interest in InfoSys, and InfoSys gets lots of government contracts without anyone complaining. The fact that he resigned his directorship is 2019 is a sign of good faith.
If he really wanted to remove himself from the allegations, he just needed to tell the Ministry of Humanitarian affairs to show transparency of the bidding process that was used to assign the contract... Let's stop acting like we don't know he profited from the contracts!
Come dey stammer . And i respect this man before..... Are there no other companies that can do that consultancy Nobody's hand is clean. E gba wa o. All of una should be sacked..... But who you know wey nor com dey corrupt for this Naija bayi
You can remove your self as a director while you still a shareholders...so you are guilty if you own more than 5% shares in that company...You can use your influence to get contract...You may be indicted and i really love your approach to NIS matters ...So sad you're gonna.... Psc shall be used to fight you sir as a public officer...
So what? If he influenced the contract! There is nothing wrong with that. The question is if the company is competent to deliver!!!...you guys should stop hating. It's good business
@@monopoly9 If I maybe ask you ,what goods and services the so called company is offering? To mine understanding it's a consultant company, so influencing a contract for white elephant project is not a problem for you? From the presidency to all the companies involved, they are all scam. How do you uplift people out of poverty by creating a ministry for handout? I m into manufacturing,I know how many jobs I can create with 10 million naira. I mean physical jobs!
Seun has got his hands tied behind his back. I expected to hear him ask who are the other directors and his relationship with them. He should have been asked if he has ever received any dividend payment from the company and whether he has attended any of the shareholders meeting since he resigned from the board 5 years ago. Has the company done any contract with the federal government in the last 2 years prior to his appointment as minister? If not, how was it that the company was awarded a contract of that huge amount just a few months after his appointment as minister? The minister will clearly not be able to defend the fact that he used the position of his office to push the interest of his fellow minister and himself.
Is the gentleman a shareholder? I did not hear clearly that he and his wife are not shareholders. It is more than coincidental if a company he has an interest in won a contract under his government. What percentage of the company does he own?
@@victorfreeman3371after the issue here is not about him owing or having interest in a corporation. The issue is that the said corporation he has interest in was given a contract through a ministry that he governs which is a control of interest if his wife still a director but even if he's wife is no longer a director, it is still conflict of interest bcos as a shareholders he will still benefits by business activities of the company
Our constitution does not say a Company owned by you should be wind down because you are now a public office holder. The only thing is that you are now a non executive shareholder and so you cannot be involved in the day to day running of the company.
Uhmn... Na wah o You resigned as director in a company you formed yourself. Dey whine us o. But God will expose una wey we trust as youth and you come dey take us play. It is well
Your wife is still the director of the company, you are still a shareholder. Nigeria has a big problem. Just less than 8 months in office, imagine what is going to happen in 4 years.
You are lying sir, did you sell all the shares in the company? You still own shares in the company therefore you benefit from the contract that was awarded to your company. If investigation is done, it will probably show you are the majority shareholder in the company. You should be removed from office as well
Buisness is owned by people ,private or public office holders what is important is play by the rules.....not necessarily divesting yourself from your shareholding position...there are billionaires in the house of lords in the UK with vast Buisness empires doing contracts in the same country, Rishi Sunak the prime minister has Buisness globally while holding such powerful position,Trump as president didn't give up his company's as president....as a matter of fact securing contracts depends 100percent on contact,capacity,and playing by the rules.... if nothing fraudulent is involved, then what the heck......
Oga how did your company secure the contract? Your influence must have played a role! You're a shareholder! Not being the director does not mean you don't have business with the company!
That doesn't matter if he is a shareholder or not, A contract was given to the company that he is part of the shareholder and has nothing to do with him. If u are a shareholder in a company and the federal government gave the contract to your company. Will you reject it? If he has the power to lobby so be it, na private company and lobby is part of business
@@Adeniyi3884you are comparing apple and orange. Scenarios are not the same, peter obi did not found fidelity bank, fidelity is a public traded corporation, meaning anyone can go to nigerian or British stock exchange to buy share of fidelity then. Peter obi having the most individual share by any individual so they made him chairman, that share was only 10% or less. Since he didn't have more then 50% share hes influence on boards is only wen he was working at the bank, immediately he lives he can no longer control the board bcos he doesn't have the voting power to appoint majority of the board. Even wen he did become governor he diversified meaning he lessen his shares of fidelity. While the minister was the founder of this non traded company ie the shareholders r likely less than 5ppl as so minister most likely have more than 50% shares of the company. According to his evidence wen he was elected house rep he signed csc docs to remove himself as directors that should be the authority of the board of directors but since he was able to do it by himself it speaks to his share of that company. It is very very significant.
CTC does not mean anything to Nigerians, because the CTC sent to the supreme court justices was not acted upon, how can someone bring in CTC and we accept it
He’s obviously lying through his teeth. Isn’t he a shareholder who enjoys dividend payment every year? He’s definitely going to benefit from that contract through dividend payment so this clearly is a conflict of interest. As a major shareholder he has a significant influence over the policy direction of the company. Since he’s also a government minister he can’t claim he didn’t influence the award of the contract to his company in which he has shareholding. Government ministers should not benefit from government contract directly or indirectly whether or not they are directors or not. Company are accountable to shareholder. He can’t feign ignorance here at all.
You set up a company, and then you resigned from the company, and then the minister for Humanitarian Affairs begins to pour public money into your former company. Soldier come, soldier go. Government Magic. Chaiii!!!
This minister is a compulsive liar.howcan he be a shareholder in that company and not know what's going on? The best thing for him to do is to resign.good riddance
You do not wind down a company founded by you simply because you are now a public office holder. No.. The only thing is that you are no longer involved in the day to day running as an executive shareholder because you are now a non executive shareholder and so cannot be signatory to any transaction in that company. At best, you can be advisory to the management team of your company. The company still belongs to you. That is where you return after your public service term.
You notice his defense is he is NOT the director…even an unborn baby knows you don’t have to be a director to commit a crime lol and his wife is involved in that company…it’s not hard to see he could have used his position and his previous link to enrich the company…corruption is hardly carried out directly it’s through intermediaries…Nigerians wake up
Nawa o. He literally commends Tinubu for promptly responding to the corruption scandal, and you accuse him of being malicious! Even if Tinubu were squeaky clean, still take your time to read a comment before alleging foul play. Abegi!
@@k.afolabi6354 so you don’t think it’s a conflict of interest when your colleague pays a huge sum of money to a company that formally belongs to you (where you are still a stakeholder)? I personally am not asking he retires, but it’s really not an absurd request. Pending investigation, that’s a very exorbitant cost for a “humanitarian” ministry. Most Nigerians will not want a humanitarian ministry if this is how much they’re paying for “consultation”.
If he really wanted to remove himself from the allegations, he just needed to tell the Ministry of Humanitarian affairs to show transparency of the bidding process that was used to assign the contract... We all know he profited from the contracts as he's done this several times in Lagos already. Just go to Oshodi and see the metal bus stop
Shareholders tend not to have any say or influence in the day-to-day running of a company. That responsibility falls to the board of directors and the internal management structure of the company, so stop involving the man. Even if he lobbies, it's still part of business, and everyone running a business must lobby to get a contract.
It seems u don't know how corporation works. It is shareholders that appoint directors of board, even if a shareholder is not in charge of day to day but by their control of the board of directors, they can indirectly control the ceo and other executives who run day to day operation. If he controls 100% shares of the company then he appointed all board of directors who appoints the executives. Likewise if he has majority share he will control majority of the board. Mark Zuckerberg of meta owes 56% of of the shares as so controls appointing of 56% voting power in the board by his appoints thats why he can do anything and no one can fire him
If he has majority of the company 's shares, definitely he controls the company affairs despite not being the present director of the company I. quote.
@@mikeplaine1686 That doesnt matter. Influence or no influence, who wants to run a business and not want to gain? You also will lobby for contract if u sabi people for up. That is business, Business people are not soft people. You want to tell me that if anyone will be arrested, He personally will be arrested with the director of the company?
@@jayjohnson4457 @mikeplaine1686 That doesnt matter. Influence or no influence, who wants to run a business and not want to gain? You also will lobby for contract if u sabi people for up. That is business, Business people are not soft people. You want to tell me that if anyone will be arrested, He personally will be arrested with the director of the company?
@@jayjohnson4457 i hope u r bot bcos if u r real I am troubled with our educational system why someone who is learned don't know why a minister who has such relationship to a company will be considered bias, compromise, conflict of interest to have his own company run contract of his ministry
Seun, you have to be very careful, the minister said you were with him over the weekend. Why is it that our people don't have conscience again? I feel so sad for Nigeria.
You and your wife are the founder... U resigned and put ur wife as director in ur interest... And the company got the contract because ur minister... Resign please
This minister has proven to be a true patriot from the progress made by his ministry so far. This simply tells us he's a competent technocrat that would most likely have set up a reputable company over the years. He duly resigned as required by law, and perhaps the affiliated company was the most competent to win the bid for the contract. I must confess this is a stain on him to consider going forward. However, what Nigerians deserve at this point is result driven projects and renewed hope that will turn around the fortunes of the citizens. Let's just think about it, why should the wealthiest man in Nigeria (Dangote), always be involved in the largest projects in every successive govt? If he's the man that can deliver the refinery that successive govts & and the private sector could not build or reinstate in 60 yrs, then so be it. The minister has learnt a lesson here, and hope we can all agree that nobody is perfect.
Mr Ojo, that you resigned from the company and your wife is the MD, doesn’t mean that the company doesn’t belong to you. This man is hiding under one of his fingers, trying to use logic, semantics and technicality to whitewash his complicity. Remember that shareholders own companies not directors
He never denied owning the company and you cannot wind down a company because you resigned to take up a public appointment. He has done what is required by law at best and the company will not be stopped from bidding for a contract on account of him being a Minister.
Technically and legally your argument is right, however it is morally wrong. There's a conflict of interest issue here. Should this standard be applied across the entire cabinet, I doubt if a single person would survive.
Smart guy😂 oga you follow chop the money 😂 I understand you're doing a great job in your ministry but you can honorably resign sighting ignorance of the contract
This man takes Nigerians for a fool . That he resigned his directorship and he is yet is a shareholder means that he is a beneficiary. Therefore a beneficiary by proxy.
Resigning as the Director of the Company, does not mean that the company is nolonger yours. And that doesn't mean that, you don't use your office, to secure jobs for the Company, as alleged. We are Nigerians, and We are not deceived.
Seun and asking irrelevant questions. He has told you he is not part of running the company, even said the real question is if the contract award and execution followed due process, and you are still asking him if he will be willing to return money assuming he was head of the company.
This is not an excuse. The wife runs the company and they are one. He is lying, does he think Nigerians are illiterates . He just want to try to cover himself. If your wife bidded for a job, does he want to say he has no clue of what was going on. So he doesn't know what the company he opened was doing. Dubious Nigerian citizens will continually be disgraced with social media. They should now know that whatever they do in secret someone is there to expose them.
This man was the chairman of NDDC committee in the house of resp. That was the man that made his members to shout " off the mic " when the then minister of NDDC , God'swill Akpabio fingered him in the corruption of NDDC
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First, the wife shares in the company comes home to the family. You can easily influence the contract, Eddu is a colleague, she can compromise because a day will come when she needs backing and you will agree to her terms because she gave your wife a contract
Exactly 💯
Is that a crime? Everyone can have influence or interest or connection to do so that is what we call power of help and connections WHAT MATTERS MOST IS TO FOLLOW DUE PROCESS.
@@AA-xs8mvAre you now saying the company should not bid for a contract with a govt ministry just because its founder is the head of another ministry? Every company that bid for a contract under govt will have to lobby for it. Mere saying he influenced the contract because his colleague is a Minister does not hold water at all
All these guys think they can deceive Nigerians.
Robbing Peter to pay Paul.
Your influence as a minister got the company the job and you still stand to benefit from the gains so you are still culpable.
Exactly
This man is a liar and he is panicking
RUclips judge and jury 😂😂😂
Even Angel Gabriel will panic when your reputation is brought to questioning.
He lied to you abi?
He resigned from being a director of a company founded and owned by him ……. Interesting
It's very normal and it's the appropriate thing to do when you get to a public office.
He. Can still pass on sensitive information to his private company through the back door despite the fact that he resigned his directorship from that company and not involved in the daily decision making process.he. Can still be a involved in insider dealing and passing on sensitive government information by virtue of his position as shareholder
@@tayibetti9316 very true and likely possible
Seun is doing a poor job as a journalist; he should have asked him if he is the majority shareholder of the company; people appoint proxies as directors but yet maintain an indirect control over the company. So all what he is saying are lies and nonsense
Seun did ask him if he is a shareholder and he confirmed he is.
@@favour121 i know but he should have asked him if he is the majority shareholder which is different from just been a shareholder
Under the law of any country, you have the right to own company, but you can not run it yourself while you hold public offices.
O get e jare that shareholder that he admitted to is the k leg for him
Gbam. Thank you.
These are the kind of guys we need in public service. He knew what is right and he acted in accordance.
Minister you drop the ball here...
He hasn’t broken any law. His only crime is the perception it creates.
This guy is not very smart
He goofed
Your resignation does not override the owo to kan owo. Clear conflict of interest.
This man has covered his tracks & seems to be doing a good job.. however, I strongly doubt he was not aware of an exorbitant cost for “humanitarian affairs” charged by his company to a colleague. There are certain things we should not be accepting when we as a people are truly ready to eliminate corruption.
He doesn't look entirely innocent. He's shaken to his bones . Chai corruption no good o 🤣🤣🤣
This can only happen in Nigeria. The fact that he resigned his directorship does not exonerate him. He remains a shareholder of the company. And his wife remains the director. He has a vested interest in the company. In a sane society, Olubunmi Tunji Ojo would have either been asked to step aside pending investigation of the allegations or willingly step aside. He is not as smart as he thinks.
@@yemmie4280What are you saying? Should the company fold up because its founder is a minister? Doesn't the company have the right to bid for a contract just like every other company in Nigeria? Conflict of interest will arise if the contract was awarded in a ministry under him.
@@michaelayodele3210 you are a great thinker
@@michaelayodele3210 what I am saying is that his explanation is not satisfactory. I can blame you if you don't agree with me. You are a typical Nigerian reasoning like a Nigerian who is a beneficiary of Tunji Ojo. I maintain that in a sane society, he will not wait for him to be sacked to step aside, he will do so willingly. That is not the culture in Nigeria so I can understand your argument.
This guy is a professional Looter. The wife is still the head of the company or a director, he's the founder and major share holder,
Now he's here playing 2 cut 4.
😂😂😂😂100%
You are not a director but you are a shareholder in the company. So you are still connected to the company. And you are indirectly defending the company.
So what's wrong with that? Does it mean bcos you are politician, you can't buy stocks?
@@adeabraham126, yes as a politician you can buy stocks.
Seun is not asking the right questions. Our press is handcuffed and gagged - Looking like a rampant dog in a glossy magazine. We are doomed.
Seun should have asked him if he is the majority shareholder of the company; people appoint proxies as directors but yet maintain an indirect control over the company. So all what he is saying are lies and nonsense
I perceived as well that Seun is not asking the right question.
We need the likes Rufai of Arise Tv to ask questions.... On this matter
He won't dare go to Arise TV especially when Rufai is behind the microphone@@moseshassan2307
@@femi2873What is he is a major shareholder? Are you saying the company should not bid for a contract just because its founder is a Minister in another ministry?
Ole oleburuku
He is a shareholder, the wife , don’t worry it will come out .
Corruption is fighting this minister; he should keep up the good work in the Ministry of Interior!
If his wife is working there, it’s a conflict of interests…people resign in America because of things like that…forget embellishment….he is a shareholder…you don’t have to be a director to funnel money lol…forget this paper he is showing fools who don’t have brains to understand how Nigeria works
@@patrickihejirika it’s a gray area, even if the wife is a director, the company did not pursue contracts in Ministry of Interior where he’s in charge.
People have the right to own shares in any company. Presidents and politicians own shares in various companies. Rishi Sunak’s wife has interest in InfoSys, and InfoSys gets lots of government contracts without anyone complaining.
The fact that he resigned his directorship is 2019 is a sign of good faith.
He is part of the mess. His company and that of his wife were awarded the same multi-million naira contract TWICE.
He was paid 279 million naira and another 100+ million naira
If he really wanted to remove himself from the allegations, he just needed to tell the Ministry of Humanitarian affairs to show transparency of the bidding process that was used to assign the contract...
Let's stop acting like we don't know he profited from the contracts!
Come dey stammer . And i respect this man before..... Are there no other companies that can do that consultancy Nobody's hand is clean. E gba wa o. All of una should be sacked..... But who you know wey nor com dey corrupt for this Naija bayi
You can remove your self as a director while you still a shareholders...so you are guilty if you own more than 5% shares in that company...You can use your influence to get contract...You may be indicted and i really love your approach to NIS matters ...So sad you're gonna.... Psc shall be used to fight you sir as a public officer...
Why is hé not suspended ?
It's all over this guy,he is lying. He influenced the contract.
100%
So what? If he influenced the contract! There is nothing wrong with that. The question is if the company is competent to deliver!!!...you guys should stop hating. It's good business
@@monopoly9 If I maybe ask you ,what goods and services the so called company is offering?
To mine understanding it's a consultant company, so influencing a contract for white elephant project is not a problem for you?
From the presidency to all the companies involved, they are all scam.
How do you uplift people out of poverty by creating a ministry for handout?
I m into manufacturing,I know how many jobs I can create with 10 million naira.
I mean physical jobs!
You go explain tire...
Thank you Seun for the interview
It was good u didn't cut him off while speaking.
How about your wife director of the company oleburuku
Thanks so much for bringing that up😂😂
Seun has got his hands tied behind his back.
I expected to hear him ask who are the other directors and his relationship with them. He should have been asked if he has ever received any dividend payment from the company and whether he has attended any of the shareholders meeting since he resigned from the board 5 years ago.
Has the company done any contract with the federal government in the last 2 years prior to his appointment as minister? If not, how was it that the company was awarded a contract of that huge amount just a few months after his appointment as minister? The minister will clearly not be able to defend the fact that he used the position of his office to push the interest of his fellow minister and himself.
Is the gentleman a shareholder? I did not hear clearly that he and his wife are not shareholders. It is more than coincidental if a company he has an interest in won a contract under his government. What percentage of the company does he own?
You co-founded the company with your wife, You resigned as director, but you did not state wether or not your wife resigned also. This is so fishy!
Why should the wife resign? Is she a public officer too?
@@victorfreeman3371after the issue here is not about him owing or having interest in a corporation. The issue is that the said corporation he has interest in was given a contract through a ministry that he governs which is a control of interest if his wife still a director but even if he's wife is no longer a director, it is still conflict of interest bcos as a shareholders he will still benefits by business activities of the company
Our constitution does not say a Company owned by you should be wind down because you are now a public office holder. The only thing is that you are now a non executive shareholder and so you cannot be involved in the day to day running of the company.
"Substance over form"!!!!
Uhmn... Na wah o
You resigned as director in a company you formed yourself. Dey whine us o. But God will expose una wey we trust as youth and you come dey take us play. It is well
Your wife is still the director of the company, you are still a shareholder. Nigeria has a big problem. Just less than 8 months in office, imagine what is going to happen in 4 years.
You are lying sir, did you sell all the shares in the company? You still own shares in the company therefore you benefit from the contract that was awarded to your company. If investigation is done, it will probably show you are the majority shareholder in the company. You should be removed from office as well
Buisness is owned by people ,private or public office holders what is important is play by the rules.....not necessarily divesting yourself from your shareholding position...there are billionaires in the house of lords in the UK with vast Buisness empires doing contracts in the same country, Rishi Sunak the prime minister has Buisness globally while holding such powerful position,Trump as president didn't give up his company's as president....as a matter of fact securing contracts depends 100percent on contact,capacity,and playing by the rules.... if nothing fraudulent is involved, then what the heck......
Mr. Minister, you are the ultimate beneficiary. Stop deceiving Nigerians, sir.
This has to stop, investigations, are needed channels, can you create a show on investigation reporting, the show would be an instant hit.
Oga how did your company secure the contract? Your influence must have played a role! You're a shareholder!
Not being the director does not mean you don't have business with the company!
That doesn't matter if he is a shareholder or not, A contract was given to the company that he is part of the shareholder and has nothing to do with him. If u are a shareholder in a company and the federal government gave the contract to your company. Will you reject it? If he has the power to lobby so be it, na private company and lobby is part of business
The same way Peter obi kept the whole of Anambra states money when he was governor in a bank called fidelity bank , thst he was chairman of.
@@Adeniyi3884you are comparing apple and orange. Scenarios are not the same, peter obi did not found fidelity bank, fidelity is a public traded corporation, meaning anyone can go to nigerian or British stock exchange to buy share of fidelity then. Peter obi having the most individual share by any individual so they made him chairman, that share was only 10% or less. Since he didn't have more then 50% share hes influence on boards is only wen he was working at the bank, immediately he lives he can no longer control the board bcos he doesn't have the voting power to appoint majority of the board. Even wen he did become governor he diversified meaning he lessen his shares of fidelity. While the minister was the founder of this non traded company ie the shareholders r likely less than 5ppl as so minister most likely have more than 50% shares of the company. According to his evidence wen he was elected house rep he signed csc docs to remove himself as directors that should be the authority of the board of directors but since he was able to do it by himself it speaks to his share of that company. It is very very significant.
The interior Minister needs to be called for questioning and if found guilty sacked all involved including all the ministers
CTC does not mean anything to Nigerians, because the CTC sent to the supreme court justices was not acted upon, how can someone bring in CTC and we accept it
…and this one again? Mr Minister is connected with the company. Simplicita.😩
President Tinubu has a lot of in-house cleaning to do.
He’s obviously lying through his teeth. Isn’t he a shareholder who enjoys dividend payment every year?
He’s definitely going to benefit from that contract through dividend payment so this clearly is a conflict of interest.
As a major shareholder he has a significant influence over the policy direction of the company. Since he’s also a government minister he can’t claim he didn’t influence the award of the contract to his company in which he has shareholding.
Government ministers should not benefit from government contract directly or indirectly whether or not they are directors or not.
Company are accountable to shareholder. He can’t feign ignorance here at all.
This minister has been the best minister.
But with this news E go explain, explain, explain tire.
You set up a company, and then you resigned from the company, and then the minister for Humanitarian Affairs begins to pour public money into your former company. Soldier come, soldier go. Government Magic. Chaiii!!!
This minister is a compulsive liar.howcan he be a shareholder in that company and not know what's going on? The best thing for him to do is to resign.good riddance
You do not wind down a company founded by you simply because you are now a public office holder. No.. The only thing is that you are no longer involved in the day to day running as an executive shareholder because you are now a non executive shareholder and so cannot be signatory to any transaction in that company. At best, you can be advisory to the management team of your company. The company still belongs to you. That is where you return after your public service term.
The quality of people appointed in to government tells another of stories.
Please let us review the quality and type of people appointed as minsters.
There's so much going on in this tinubu government and I love the prompt response from him through EFCC. We are watching keenly
You notice his defense is he is NOT the director…even an unborn baby knows you don’t have to be a director to commit a crime lol and his wife is involved in that company…it’s not hard to see he could have used his position and his previous link to enrich the company…corruption is hardly carried out directly it’s through intermediaries…Nigerians wake up
Nonsense is what you are saying
Your malicious mind set about Tinubu cannot remove him
He remain your president
He lead you for 8years
Nawa o. He literally commends Tinubu for promptly responding to the corruption scandal, and you accuse him of being malicious! Even if Tinubu were squeaky clean, still take your time to read a comment before alleging foul play. Abegi!
@@cm3854 i don't even have the time to respond self. Just leave him
@@cm3854na wa ooo. Me sef shock. 😂😂😂😂
You are doing well as an interior minister. But kindly honorably resign and leave
Why should he resign his position.
@@johnodejobi2627really? Lol
Never.
@@TruthSeeker19908on what grounds, so if I mentioned your name ad a thief, do we ask you to resign outrightly
@@k.afolabi6354 so you don’t think it’s a conflict of interest when your colleague pays a huge sum of money to a company that formally belongs to you (where you are still a stakeholder)? I personally am not asking he retires, but it’s really not an absurd request. Pending investigation, that’s a very exorbitant cost for a “humanitarian” ministry. Most Nigerians will not want a humanitarian ministry if this is how much they’re paying for “consultation”.
This is a case of owning a company with a deniability of attracting inflated government contract.
very true he runs it in the background
If he really wanted to remove himself from the allegations, he just needed to tell the Ministry of Humanitarian affairs to show transparency of the bidding process that was used to assign the contract...
We all know he profited from the contracts as he's done this several times in Lagos already. Just go to Oshodi and see the metal bus stop
It doesn’t prohibit it. But it’s a conflict of interest you dull minister. You want to do what el-rufai did with power contracts in kd
but his wife is the sole director and he and his wife are there share holders... they think we are idiots
Padi padi govt
You are doing well minister
You dey whine yourself nor be us 😂
imagine handover to his wife which he share the same bed room
Shareholders tend not to have any say or influence in the day-to-day running of a company. That responsibility falls to the board of directors and the internal management structure of the company, so stop involving the man. Even if he lobbies, it's still part of business, and everyone running a business must lobby to get a contract.
It seems u don't know how corporation works. It is shareholders that appoint directors of board, even if a shareholder is not in charge of day to day but by their control of the board of directors, they can indirectly control the ceo and other executives who run day to day operation. If he controls 100% shares of the company then he appointed all board of directors who appoints the executives. Likewise if he has majority share he will control majority of the board.
Mark Zuckerberg of meta owes 56% of of the shares as so controls appointing of 56% voting power in the board by his appoints thats why he can do anything and no one can fire him
If he has majority of the company 's shares, definitely he controls the company affairs despite not being the present director of the company I. quote.
@@mikeplaine1686 That doesnt matter. Influence or no influence, who wants to run a business and not want to gain? You also will lobby for contract if u sabi people for up. That is business, Business people are not soft people. You want to tell me that if anyone will be arrested, He personally will be arrested with the director of the company?
@@jayjohnson4457 @mikeplaine1686 That doesnt matter. Influence or no influence, who wants to run a business and not want to gain? You also will lobby for contract if u sabi people for up. That is business, Business people are not soft people. You want to tell me that if anyone will be arrested, He personally will be arrested with the director of the company?
@@jayjohnson4457 i hope u r bot bcos if u r real I am troubled with our educational system why someone who is learned don't know why a minister who has such relationship to a company will be considered bias, compromise, conflict of interest to have his own company run contract of his ministry
Lobatan
Seun, you have to be very careful, the minister said you were with him over the weekend. Why is it that our people don't have conscience again? I feel so sad for Nigeria.
You in particular! You would award yourself a contract.
So he cannot go there and do his job as a journalist? On what basis did you think he was there?
Sheun should get one of the directors to come and tell the world the truth
😂😂😂😂😂😂I resigned from the job and handed over to my WIFE 😂😂😂😂
There is nothing in the world more shameful than establishing, One’s self on lies and fables .
This is really commendable and welcome development
LAIR , you are a shareholder, you are receive alert. 😂😂😂
Abeg when are we getting our peculiar allowance.?
Chai this country self hmmmmmm
When I saw the Res at first I thought resign that is strange in Nigerian stay put die in office noooo then I saw respond Lord have mercy
You and your wife are the founder... U resigned and put ur wife as director in ur interest... And the company got the contract because ur minister... Resign please
Consultancy is another form of embezzlement, what are they consulting
Interior minister coming to defend himself on the media, dose the president know about the situation, we keep doing the wrong things in country
Chai e don happen, I dey see danger, see danger, wahala dey, wahala dey😂😂
Your hands are stained but you doing a good job finish the work in two months and honorably resign
Those of us that applied for renewal of international passport in London since October are yet to get it
This minister has proven to be a true patriot from the progress made by his ministry so far. This simply tells us he's a competent technocrat that would most likely have set up a reputable company over the years. He duly resigned as required by law, and perhaps the affiliated company was the most competent to win the bid for the contract. I must confess this is a stain on him to consider going forward. However, what Nigerians deserve at this point is result driven projects and renewed hope that will turn around the fortunes of the citizens. Let's just think about it, why should the wealthiest man in Nigeria (Dangote), always be involved in the largest projects in every successive govt? If he's the man that can deliver the refinery that successive govts & and the private sector could not build or reinstate in 60 yrs, then so be it. The minister has learnt a lesson here, and hope we can all agree that nobody is perfect.
The man is right
Mr Ojo, that you resigned from the company and your wife is the MD, doesn’t mean that the company doesn’t belong to you. This man is hiding under one of his fingers, trying to use logic, semantics and technicality to whitewash his complicity. Remember that shareholders own companies not directors
He never denied owning the company and you cannot wind down a company because you resigned to take up a public appointment. He has done what is required by law at best and the company will not be stopped from bidding for a contract on account of him being a Minister.
This country is finished
Technically and legally your argument is right, however it is morally wrong.
There's a conflict of interest issue here.
Should this standard be applied across the entire cabinet, I doubt if a single person would survive.
Let us kuku sell Nigeria and share the money at this point
I will come back to Nigeria to collect my share!
Seun is so docile
Smart guy😂 oga you follow chop the money 😂 I understand you're doing a great job in your ministry but you can honorably resign sighting ignorance of the contract
I make una leave our Minister alone.
A lair in the suit. Look how his suit works contrary to his hand gestures. And the man's voice struggles to catch-up with gestures.
This man takes Nigerians for a fool . That he resigned his directorship and he is yet is a shareholder means that he is a beneficiary. Therefore a beneficiary by proxy.
Diabolical greed. They are sharing contracts among themselves in addition to their salaries and allowances
But you own shares? How many? 10 out of 1,000,000 or 900,000 out of 1,000,000. Politicians think we're fools. Barawo.
Resigning as the Director of the Company, does not mean that the company is nolonger yours.
And that doesn't mean that, you don't use your office, to secure jobs for the Company, as alleged.
We are Nigerians, and We are not deceived.
Seun and asking irrelevant questions. He has told you he is not part of running the company, even said the real question is if the contract award and execution followed due process, and you are still asking him if he will be willing to return money assuming he was head of the company.
Thieves every where...see his mouth
They will not honor arise TV invitation when it comes to this kind of matter. They only go there when they want to hypocritically publicise a project.
Why certified copy, a document that’s only 5 years why not present the original document 😢
If it was a non issue
You would not come to channels to defend yourself
This is not an excuse. The wife runs the company and they are one. He is lying, does he think Nigerians are illiterates . He just want to try to cover himself. If your wife bidded for a job, does he want to say he has no clue of what was going on. So he doesn't know what the company he opened was doing. Dubious Nigerian citizens will continually be disgraced with social media. They should now know that whatever they do in secret someone is there to expose them.
But he is dodging question. The simple question is, do you have knowledge of the deal with humanitarian affairs. Yes or no!
This man was the chairman of NDDC committee in the house of resp. That was the man that made his members to shout " off the mic " when the then minister of NDDC , God'swill Akpabio fingered him in the corruption of NDDC
You are already defending the company, you will go to jail too.
Bunmi we know what up brother. 😂
Return Subsidy. Nigerians should not be fooled. All these stolen money is subsidy money
He's just another smart thief 😊
God will help us in this nation. Why all these?
He will explain...😂
There is Conflict of interest 😂
Was there any dissolution...?
Tell that to the birds
who are you fooling? your kids? nonsense when your wife is the current director whose interest
It's a pity, they is no true from this man.
Tell FG to pay her workers good wages and forget about this "humanitarian" pretense.