Court orders Tinubu to appear over alleged Alpha Beta fraud [update]
The High Court of Lagos State sitting in Ikeja has summoned a former governor of the state, Asiwaju Bola Ahmed Tinubu to appear within 42 days over fraud allegations connected to Alpha Beta, a consulting firm.
ElombahNews gathered that the claimant, Mr. Dapo Apara, who is former Chief Executive Officer of Alpha Beta, in a writ of summons deposed to at the Court, accused Bola Tinubu, Alpha-beta, and a former state commissioner, Mr. Akin Doherty, of money laundering, fraud, tax evasion, et al.
The 40-page writ of summons was issued on behalf of Mr. Apara by his lawyer, Tade Ipadeola Esq.
Mr. Apara consequently dragged the defendants to court over claims he was cheated out of an agreement involving management and control of the firm.
The first, second and third defendants include Alpha-beta Consulting, Asiwaju Tinubu and Mr. Doherty, respectively.
In the suit, he accused Tinubu of diverting the assets of the company to himself to his loss, despite owning 30 per cent stake in the company.
Other stakeholders, according to him, are:
- Michael Ogunmola, Mono Consulting (40 per cent)
- Tunde Badejo, Ebo Consult (15 per cent), and again,
- Tunde Badejo, Intergrev Services (15 per cent).
He alleged that Tinubu was using the company for “massive corruption purposes including tax evasion, bribery of government officials, diversion of funds” and even money laundering.
He prayed the court to issue an order compelling the defendants to account for all sums due to him from 2010 till date as well as an order tracing all funds and assets due to him from the inception of the company to date.
He also sought an order of specific performance of certain clauses of the partnership agreement that created the company by extant partners; an order for payment to the claimants by the defendants, all sums adjudged to be due to him on the submission of the accounts; and payment of 10 percent interest on the sums adjudged to be due to him.
Alpha-beta, a consulting firm, handles the computation, tracking and reconciliation of Internally Generated Revenue (IGR) in Lagos State.
Mr Tinubu was Lagos governor at the time in question, while Mr Doherty served in his government as commissioner for finance between 2005 and 2007.
The High Court ordered Tinubu to appear and enter defence over fraud allegations connected to Alpha Beta.
More details of the case are still loading. Stay tuned…