A former Managing Director of Alpha Beta Consulting, Mr. Oladapo Apara, has sued the company, a former Governor of Lagos State, Bola Tinubu; and the current Managing Director of the firm, Akin Doherty; before a Lagos State High Court, Igbosere.

In the writ of summons marked LD/7330GCMW/2020, Apara asked the respondents to appear within 42 days or judgment may be given in their absence.

Apara had in a petition addressed to the Economic and Financial Crimes Commission, accused the company of N100bn fraud but two years after, the EFCC had yet to take action.

In his statement of claim, the former Alpha Beta boss said Tinubu boasted that the then acting Chairman of the EFCC, Mr Ibrahim Magu, would protect him.

He wrote, “The 2nd defendant (Bola Tinubu) also warned the claimant not to even think of exposing his involvement in the financial affairs of the 1st defendant (Alpha Beta) to the EFCC as the then acting Chairman of EFCC, Ibrahim Magu, will always protect him (Tinubu).”

Apara also narrated how Alpha Beta was formed in 2002 when Tinubu was still the governor.

The claimant said he was the one who came up with the idea of a consulting firm helping the state government to track and reconcile taxes.

Apara said Tinubu accepted the proposal but gave many conditions including that his own people would own 70 per cent stakes in the company.

The former Alpha Beta boss said Tinubu nominated Adegboyega Oyetola and one Olumide Ogunmola

He stated, “The claimant avers that following the presentation of his proposal to the Lagos State Government, the 2nd defendant (Tinubu) who was at the time the Governor of Lagos State demanded that 70 per cent equity interest in the project be assigned to a certain Olumide Ogunmola before 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 per cent shares while Olumide Ogunmola and his partners will hold 70 per cent 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 shareholders: Dapo Apara (30 per cent), Olumide Ogunmola (40 per cent) and Adegboyega Oyetola (30 per cent).”

He said Tinubu later directed that Oyetola’s shares be transferred to one Tunde Badejo.

Apara stated that Tinubu controlled the company which was receiving 10 per cent of the tax collected on behalf of the state.

He said due to the technological innovation that was deployed by him, the Internally Generated Revenue of the state grew from N10bn per annum in 2002 to N300bn in 2019.

https://punchng.com/tinubu-boasted-that-magu-would-protect-him-says-alpha-beta-ex-md/

Where is Magu himself today?

donpapa:
Where is Magu himself today?

The end is near

Lagos is Tinubu’s footstool.

Thank God the Fulanis are now clipping his feathers. The Fulanis are master in this game, they will use your brother to bring you down, e.g, Obanikoro.

We’re watching sha.

It's not even 2021 yet and Tinubu's presidential ambition is already crashing beyond redemption.

Even in his grave, Tinubu will forever regret the day he formed an alliance that ousted GEJ from power.

He thought he would be vice to Buhari, Saraki (my man) truncated that.

Then he began scheming to succeed Buhari in 2023, look at him now.

Zombies what say y'all?

This was the reason Magu will go to clear road for the prosecution of Tinubu. It is getting messier and interesting at the same time.

then like magu, like tinubu
both will go down

Anything to render Tinubu useless politically for lagos to move forward is welcomed.

Enough is enough.

Na this thief Yoruba muslims want to make president of Nigeria so that he go ALPHA BETA the whole country.God forbid.

deboysben:

Anything to render Tinubu useless politically for lagos to move forward is welcomed.

Enough is enough.

Make the rotten abia move forward first

The End is coming....

Davash222:
Lagos is Tinubu’s footstool.

Thank God the Fulanis are now clipping his feathers. The Fulanis are master in this game, they will use your brother to bring you down, e.g, Obanikoro.

We’re watching sha.

lol Fulani's clipping tinubu OK na matter wet we son settle since keep deceiving yourself

DEROXMAN:
Make the rotten abia move forward first

let's deal with mother of godfathers from there others will pick race.

Hehehe a democrat Abi watin him call himself? Wahala dey for Lagos ooo

The cabal hv finally cm 4 Tinubu.2023 loading........stay tuned

paramakina202:
Na this thief Yoruba muslims want to make president of Nigeria so that he go ALPHA BETA the whole country.God forbid.

Politicians aren’t saints , obviously.