Former Lagos State governor, Asiwaju Bola Ahmed Tinubu’s shocking secrets have been revealed.
Alpha Beta Consulting former Managing Director, Mr. Oladapo Apara has sued the company, Bola Tinubu and Akin Doherty; before a Lagos State High Court, Igbosere and he exposed Tinubu in the court papers.
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.”
“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).”
“I was the one who came up with the idea of a consulting firm helping the state government to track and reconcile taxes.
“Tinubu accepted the proposal but gave many conditions including that his own people will own 70 per cent stakes in the company.”
“Tinubu nominated Adegboyega Oyetola and one Olumide Ogunmola.”
“The Apara 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 Apara 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).”
“Tinubu later directed that Oyetola’s shares be transferred to one Tunde Badejo. Tinubu controlled the company which was receiving 10 per cent of the tax collected on behalf of the state.”
“Due to the technological innovation that was deployed by me, the Internally Generated Revenue of the state grew from N10bn per annum in 2002 to N300bn in 2019.”
“Apara 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.”
“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 I became deputy managing partner.”
“in 2014, Tinubu asked Ogunmola to step aside while I was named managing partner.”
“As the head of the company, I began looking into its finances and I made many startling discoveries such as mysterious transfers of over N20bn in different currencies to several companies including payment of N1bn to Vintage Press, publishers of The Nation newspaper; and Lagoon Press Limited, publishers of National Life Newspaper.”
“I realised that all the payments were sanctioned by the partners nominated by Tinubu and they were done without my knowledge contrary to the terms of our partnership.”
“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.”
“N960 million was spent on purchasing HITV’s 300,000,000 shares.”
“Tinubu is furious that I was looking into the company’s finances and ordered that I be demoted to deputy managing partner.”
“I refused to obey this order and this led to a feud between us.”
“I was forcefully removed from office while Tinubu’s former Commissioner for Finance, Doherty, was named the new head of the company.”
“Since my illegal removal, I have been denied of my dividends as a founding partner of the company and I’m asking the court to order full payment of my entitlements.”
