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 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.
The claimant stated that in 2010 or thereabout, Tinubu
directed that the incorporation structure of the Alpha-Beta Consulting Ltd be
changed from a limited liability company to a limited liability partnership
under a newly promulgated law in Lagos State.
He said the aim of the move was to shield Tinubu’s
involvement from public scrutiny.
Olumide Ogunmola was named the managing partner of the newly
transformed company while Apara became deputy managing partner.
The claimant said in 2014, Tinubu asked Ogunmola to step
aside while he was named managing partner.
Apara said as the head of the company, he began looking into
its finances and he made many startling discoveries such as mysterious
transfers of over N20bn in different currencies to several companies including
a payment of N1bn to Vintage Press, publishers of The Nation newspaper; and
Lagoon Press Limited, publishers of National Life Newspaper.
The former Alpha Beta boss said he realised that all the
payments were sanctioned by the partners nominated by Tinubu and they were done
without his knowledge contrary to the terms of their partnership.
He stated, “N550million payment to Ocean Trust Ltd vide
payment instruction dated the 15/5/18 (h) N850million payment to Ocean Trust
Ltd vide payment instruction dated the 14/3/15; (i) N1 billion in Afkar
printing Press together with Vintage Press Limited and Lagoon Press Limited in
October 2017.”
The claimant said N960 million was spent on purchasing
HITV’s 300,000,000 shares.
Apara stated that Tinubu was furious that he was looking
into the company’s finances and ordered that he be demoted to deputy managing
partner.
He said he refused to obey this order and this led to a feud
between the both of them.
The former Alpha Beta boss said he was forcefully removed
from office while Tinubu’s former Commissioner for Finance, Doherty, was named
the new head of the company.
He said since his illegal removal, he had been denied of his
dividends as a founding partner of the company and asked the court to order
full payment of his entitlements.
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