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Home Business News Business

“I’m not signatory to firm” Tunji-Ojo denies N438 million contract award allegations 

Cyrus Ademola by Cyrus Ademola
January 9, 2024
in Business
Dr. Olubunmi Tunji-Ojo
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The Minister of Interior, Olubunmi Tunji-Ojo, has refuted claims suggesting his involvement as a signatory in the company implicated in N438 million contract allegations linked to the suspended Minister of Humanitarian Affairs, Betta Edu.  

A leaked memo circulating online indicated that a company, allegedly owned by Tunji-Ojo, received N438 million designated as ‘consultancy fees’ from Edu. 

  • Reacting to the allegation in an interview on Channels TV on Monday, Tunji-Ojo  said, “I am not a signatory to the company.” 
  • “And actually, I was shocked because the company in question was a company where I was a director. About five years ago, I had resigned from my directorship,” he added.  

Meanwhile, the minister confirmed his role in co-founding the company with his wife and attributed his resignation in 2019 from the firm to his political ambitions. 

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  • “I and my wife founded the company 15 years years ago. Well, in 2019, when I got to the House of Representatives I won the election precisely, I made a change, 
  • “I had resigned as director of the company to hold office. 
  • “Of course, and to the best of my knowledge, the public service rule does not prohibit public officers from being shareholders,” Olubunmi said. 

What you should know 

  • The embattled minister of humanitarian affairs and poverty alleviation, Betta Edu, was suspended by President Bola Tinubu after allegedly diverting more than N585 million to a private account.  
  • Also, a leaked memo circulating online showed that a company, New Planet Project Limited, was awarded contracts worth N438 million as ‘consultancy fees’ from Edu. 
  • The connection between the firm and the Minister of Interior, Olubunmi Tunji-Ojo, raises concerns about a potential conflict of interest. It prompts scrutiny into whether the minister may have misused his position to secure the contract. 
  • Meanwhile, Tunji-Ojo clarified in an interview on Monday that he is no longer a signatory of the company since he resigned from it in 2019 after winning the House of Representatives seat.  
  • He therefore noted that there cannot be any conflict of interest, adding that he cannot be held responsible for the actions of the company he no longer runs. 

 


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Tags: Olubunmi Tunji-Ojo
Cyrus Ademola

Cyrus Ademola

  • Cyrus Ademola is an energy and economy analyst with over half a decade experience in journalism, research-based oped, economic reportage and energy analysis. His works have been featured on different media outlets, covering from oil and gas to business trends.

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