In News by stephen abiodun on the 09th, October, 2020

Alpha Beta Breaks Silence Over Fraud Allegations Towards Tinubu, Accuse Apara Of Deceit

Alpha Beta Breaks Silence Over Fraud Allegations Against Tinubu, Accuse Apara Of Deceit

A Lagos State income advisor, Alpha-Beta Consulting, has reacted to allegations its former Managing Director (MD), Oladapo Apara levelled in opposition to a former governor of Lagos State, Asiwaju Bola Tinubu and the agency.

Apara, who’s a former MD of the consulting agency had In a writ of summons he filed at a Lagos Excessive Court docket on October 2, 2020, alleged that Tinubu demanded 70 p.c of the shareholding by means of his nominated proxies and that the corporate had been concerned in fraud, tax evasion and cash laundering.

Alpha Beta | Jungle Journalist Media Limited

However responding in a press release on Friday, the present MD of Alpha Beta, Akin Doherty stated that Apara’s allegations in opposition to Tinubu “particularly, present that he’s bent solely on creating sensational headlines to deflect consideration from his personal felony actions.”

The assertion learn in full:

“Now we have seen the allegations circulating on social media in addition to the web stories of the court docket summons of which we’re but unaware.

“The actual fact is that Dapo Apara started making his unfaithful allegations within the aftermath of his elimination as Managing Director of Alpha Beta for fraud and unethical practices. Whereas he was MD, Apara used his place to siphon large sums of cash from the corporate together with however not restricted to fraudulently changing $5 million; cash allegedly used to pay for cloud primarily based providers that have been finally found to be price lower than $300,000.

REVEALED: How Bola Tinubu Used Osun Governor, Oyetola, Others As Fronts For Alpha  Beta | Sahara Reporters

“Mr. Apara, who was a signatory to all of the financial institution accounts of Alpha Beta from inception till his elimination, acquired all his funds and entitlements till June 2018 when he was eliminated after his fraudulent misconduct was found. In July 2018 additional proof of his fraudulent and unethical practices was uncovered, together with the revelation that he transformed roughly N6 billion belonging to Alpha Beta to his private use. This fraud was reported to the authorities and Mr. Apara was subsequently invited to return to Nigeria from his hiding place in Dubai to render account. To this point, he has refused to take action. As a substitute, Mr. Apara selected to embark on an aggressive smear marketing campaign seemingly in an effort to blackmail us into ending the investigations into his misconduct.

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Lagos Court Orders Tinubu To Appear Within 42 Days Over Alpha Beta -  Naijabizcom

“Particularly in response to the court docket summons now circulating on social media, we wish to state as follows:

1. Opposite to the sensational headlines, designed to embarrass and blackmail, the case offered by Mr. Apara doesn’t disclose even a single piece of proof of fraud or felony exercise on the a part of any of the alleged defendants. The case introduced by Mr. Apara is, merely put, an extension of his marketing campaign of calumny; launched to keep away from the implications of his fraudulent conduct over time.

2. This court docket motion by Dapo Apara is the continuation of Mr. Apara’s blackmail techniques and an try to distract from the large funds he misappropriated from Alpha Beta whereas he was in control of its affairs.

three. Since 2018, he has filed many fits in Lagos and Abuja on the identical matter, engaged in Arbitration, the Police, EFCC and ICPC. Nevertheless, in all that point, he has steadfastly refused to honour all invites by the authorities to return to Nigeria and account for the large funds he misappropriated.

four. The uncorroborated allegations in opposition to Asiwaju Bola Tinubu by Dapo Apara, particularly, present that he’s bent solely on creating sensational headlines to deflect consideration from his on felony actions.

5. Though, we now have not been served with the court docket summons, we stay up for the chance the case supplies to publicly current the complete image of Mr. Apara’s misconduct, deceit and fraud and to have the matter resolved by the court docket as soon as and for all.”

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