Court Case:Dapo Apara Alleged Tinubu Used Alpha Beta To Launder N300 Billion by swaggerjack

Former Lagos State Governor and leader of the All Progressives Congress, APC, Ahmed Bola Tinubu, connived with others and sets up a tax consulting firm called Alpha Beta Consulting LLP, and used same with his fronts to loot and launder over N300billion.

According to court documents filed by a former Managing Director of Alpha Beta, Dapo Apara, Tinubu gave the firm exclusive rights to collect taxes on behalf of the Lagos State and to receive a 10 percent commission from the revenue it collects for the state

Alpha Beta, Bola Ahmed Tinubu, and Akin Doherty are 1st, 2nd, and 3rd defendants respectively in the suit.

Cronies used by Tinubu according to the former Alpha Beta boss are Olumide Ogunmola and Tunde Badejo.

In a statement of claim filed at the Lagos State High Court, Apara, alleged that the company had become an avenue for official corruption of government officers, a conduit pipe for the massive money-laundering scheme, tax evasion, among other vices.

The claimant avers that sometime in 2000, he solely conceived, prepared and presented a proposal to the Lagos State Government on providing consultancy services using his firm, Infiniti Systems Enterprises, (the claimant) with respect to using computerisation to track and reconcile the Internally Generated Revenue of the State.

The claimant avers that following the presentation of his proposal to the Lagos State Government, the 2nd defendant (Bola Ahmed Tinubu) who was at the time the governor of Lagos State demanded that 70 percent equity interest in the project be assigned to a certain Olumide Ogunmola before he, the 2nd defendant will approve the project.

The claimant avers that he then met the said Olumide Ogunmola (who he had never met before) and it was agreed that a limited liability company be incorporated in which the claimant will hold 30 percent shares while Olumide Ogunmola and his partners will hold 70 percent of the shares of the company.

The claimant avers that following the agreement alluded to above; Alpha Beta Consulting Limited was incorporated in 2002 with the following shareholding ratio: Dapo Apara – 30 percent, Olumide Ogunmola – 40 percent, Adegboyega Oyetola – 30 percent.

The claimant avers that upon the commencement of business operations, the 2nd defendant (Bola Ahmed Tinubu) directed that the 30 percent shareholding of Adegboyega Oyetola be transferred to one Mr. Tunde Badejo. This was done.

The claimant avers that after the incorporation of Alpha Beta Consulting Ltd in 2002 and structured according to the dictates of the 2nd defendant (Bola Ahmed Tinubu), the 2nd defendant in his official capacity as the governor of Lagos State then approved that Alpha Beta Consulting Ltd be awarded consultancy contract for the assessment and collection on behalf of the Lagos State Government all taxes and Internally Generated Revenue due and payable to the state at a 10 per cent consultancy fee (subject to a benchmark which varies from time to time)

Comments

Post a Comment

Popular posts from this blog

Can Your Bank Account Be Hacked With Your BVN Number?

 According to my research on this post, I will give an answer to the question – Can Your Bank Account Be Hacked With Your BVN Number? There are thousands of hackers out there, they are everywhere online. That’s why I used to say, know the type of person you trust online and the type of person you have business with. I will teach how to protect your account details for you not to get hacked. Some people are suffering out there, just because hackers as ruined their life. Don’t trust anyone online, even some people you know can still hack you. There is nothing like magic in this system of hacking someone. Hackers can’t hack like magic, they will figure out some confidential information about you. Actually, they get them mostly on Social media. And some sites like dating sites and many more. I don’t know anything about hacking, but based on my research. I’m writing this post for my readers to stay safe online. What’s BVN? The abbreviation BVN stands for Bank Verification Number. It is used
Read more

ASUU Ready For Total Shutdown Of Universities by MasterGift

The Academic Staff Union of Universities has again indicated that if the federal government does not implement its Memorandum of Action, MoA, by January ending, they will likely shut down universities. Speaking with Vanguarde in an interview, the Union’s president, Prof. Emmanuel Osodeke, said the union was waiting for the period of grace given to lapse before taking the necessary steps. As a responsible union, we are consulting widely on the issues at stake. We have an MoA that is yet to be implemented fully and we also have the renegotiation of the 2007 Agreement pending. A lot of groups and concerned individuals have stepped in to intervene in the matter. We are responsible unionists and citizens and we must give room to those interventions; may be they can help persuade the government to do the needful. We have given them up till the end of this January and if nothing is forthcoming, we can take the next step,” he said. It was gathered that if the union’s demands are not met, natio
Read more

After Declaring Interest In Presidency, Tinubu Travels Out For Medical Treatment by saharareporters

Barely Three Weeks After Declaring Interest In 2023 Presidency, Tinubu Travels Out for Medicals Tinubu left the country after admitting to having a stressful time touring states for his "lifelong presidential ambition". National Leader of the All Progressives Congress, Bola Tinubu, has again jetted out of Nigeria to seek medical attention abroad, SaharaReporters has learnt. This comes barely three weeks after he informed President Muhammadu Buhari of his ambition to contest the position of president in 2023. Tinubu also paid visits to some Northern states including Niger and Katsina to sell his ambition. He also recently met with former Head of State and annuller of the June 12, 1993, presidential election, General Ibrahim Babangida, over his plans to be President of Nigeria. According to sources, Tinubu left the country after admitting to having a stressful time touring states for his "lifelong presidential ambition". His destination was, however, not disclosed. He
Read more