Tinubu’s Company Indicted In N100 Billion Fraud

By Ikenga Chronicles September 8, 2018

Tinubu’s Company Indicted In N100 Billion Fraud

Alpha Beta, a company owned by the National Leader of the ruling All Progressives Congress (APC) Bola Tinubu has been accused of N100billion fraud, tax evasion and money laundering.

This accusation was made by Mr Dapo Apara, its Managing Director/Chief Executive Officer in a petition sent to the Economic And Financial Crimes Commission (EFCC).

Apara’s petition to the EFCC revealed that Alpha Beta “has become an avenue for official corruption of government officials, a conduit pipe for massive money laundering scheme, tax evasion, among other vices.”

In the petition, sent on his behalf by Adetunji Adegboyega ESG, his solicitors, Apara said: “Over the years the company is being protected and shielded by some powerful politicians and people in the society which made them to always boast of being untouchable, but our client, feeling the need not to keep quiet again and strengthened by his belief in the fact that the government of President Muhammadu Buhari is keen on fighting corruption, which has been the bane of our country, is of the firm belief that it’s time to expose and open the can of worms called ALPHABETA CONSULTING.

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“Our client is of the firm belief that it is time for the commission to step in and conduct a holistic investigation into the activities of ALPHABETA CONSULTING LIMITED AND ALPHABETA LLP, with a view to uncovering the massive corruption, money laundering, tax evasion etc going on in the company. Kindly note that one of the companies being used to perpetrate money laundering by the company is still another company named Ocean Trust Limited.

“The only hope of our client and indeed the teeming Nigerians who are victims of the crimes being perpetrated by these companies, in seeking justice is the commission, which we strongly believe in and therefore call on the commission to cause a holistic investigation into this case and all involved with the aim of bringing these criminals to justice, and not allow their claims of being untouchable to be validated.

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“Kindly note sir that as our client is willing and able to provide information to substantiate the claims, though, we will plead for these to be done through us as he is presently fearing for his life having been receiving death threats from a lot of quarters because of this case.”