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Rhoddyken
Oladapo Apara Sues Tinubu, To Appear Within 42 Days Over Alpha Beta
~3.7 mins read
Tinubu boasted that Magu would protect him, says Alpha Beta ex-MD
‌
…Firm controlled by Tinubu gets 10% of Lagos tax
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).â€
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).â€
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 the 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 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.â€
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 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.https://www.google.com/amp/s/punchng.com/tinubu-boasted-that-magu-would-protect-him-says-alpha-beta-ex-md/%3famp=1
‌
…Firm controlled by Tinubu gets 10% of Lagos tax
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).â€
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).â€
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 the 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 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.â€
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 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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Rhoddyken
EndSARS: "Secret Meeting" With Emefiele, Dangote Amplifies Confusion In Protests
~3.9 mins read
Confusion hits the camp of End SARS protesters over a "secret meeting" few individuals held with Dangote and Emefiele.
Last night, Tuesday, October 13, some EndSARS protesters including Pamilerin, Phyno, Aisha Yesufu, Mo Abudu, Wizkid, Ogbeni Dipo, Falz, met with Emefiele, Dangote, Sanwo Olu, Ifeanyi Okowa, Abdulrahman Abdulrazaq and Dapo Abiodun.
According to the report, Adebola Williams acquiesced that EndSARS protests should end.
But Aisha Yesufu & Mo Abudu insisted Nigerians will not back down until all outstanding issues around police brutality are resolved.
How trouble and confusion started
Ogbeni Dipo, took to Twitter to announced on Tuesday that he and others were in a meeting.
“They pleaded with us to either stop the protest or protest peacefully. They promised to ‘move mountains’ and ACT today.
“I currently don’t have the permission of the 7 people that attended to disclose their identity but I can assure you they are the same people who have been at the forefront in Lagos, Abuja and London.â€
“Davido and Wizkid have really really tried. But I deliberately left out their names. Those 4 people for starters. We can add: Mo, Rinu, Bulawayo Bukarti and Debo Macaroni.
“These 8 people should be speaking to the government. #EndSWAT #EndSARS…No political jobbers. No career activists. And I don’t want to have anything to do with itâ€, he said.
However, reacting to the zoom meeting, the convener of #EndSARS #ReformPoliceNG Movement Segun Awosanya in a post via his Twitter account, insisted that the #EndSARS protest has been hijacked by some group of individuals.
"Special thanks to @SavvyRinu et all who started the organic protest before the hijackers took it over. We shall overcome. #EndSARS #ReformPoliceNG"
"The attempt to hijack the #EndSARS #ReformPoliceNG Movement by known elements who were against it from day one and had to be a part now for fame & earnings is not surprising. They felt they can demonize me & take ownership by force. But they’ll fail again as always."
"The #EndSARS #ReformPoliceNG movement is not a cult group. We don’t guilt-trip people for control. We have a Convener and we are NOT a Protest group neither are we easing funds for such purpose. This is yet another onslaught in the same pattern on the cause. Be careful out there."
"Certain elements are mobilizing to politicize the movement but they know they can’t succeed with me. So they created a monster using the same hashtag as to confuse the unsuspecting public. Please note the difference. People who are for the Cause won’t attack my person."
"I worked hard on #EndSARS #ReformPoliceNG there is a difference. It is a completely different thing when the objective and end goal are separated especially when associated with a protest that seeks to denigrate the tenets of the Movement at the expense of the cause."
"The Movement never separate its Objective #EndSARS from the End Goal/Vision #ReformPoliceNG since inception in 2017. Please note the difference & identify those exploiting your attention. Don’t be a tool in the hands of anyone. @segalink will never expose the vulnerable to harm."
According to reports by Peoples Gazette, "Payment solutions Flutterwave blocked a bank account being used to raise funds for #EndSARS, amidst claims of CBN pressure. The account has been receiving donations to treat victims of gunshot wounds and give legal aid to arrested protesters."
Reacting to Peoples Gazette report Segalink said; "The public should be advised that @SIAF_NG’s #EndSARS #ReformPoliceNG Movement dissociates itself from the #EndSARS Protest and its funding initiative. We are an ADVOCACY & NOT a PROTEST Organization. We are NOT raising FUNDS. I guess this is why they’ve been attacking @segalink"
The co-convener of Bring Back Our Girls Aisha Yesufu who has also been at the forefront of the End SARS movement, told Nigerians youths to stay focus.
https://www.youtube.com/watch?v=5VRfvUNeCHo&feature=youtu.be
Protesters have criticized the meetings being held without public knowledge.
“Some people are already using us to catch cruise over this #endsars protest, because at what stage did we agree to people representing us in a meeting?
“Also, those accusing others of “cult†group have also been in a purported meeting with the IGP. What’s going on?â€, Tope Akinyode said.
Aproko Doctor warned protesters; “Government is succeeding in dividing us, using fault lines where it will be easy to crack us from. This is not the time to allow personal bias, resentment or the need for glory to influence our actions. If we all want the same thing, we should all be speaking with one voice,â€
Susinya Bulus, a lawyer, it's time to declare victory and call off the protests
"It’s time to declare victory and call off the protests, otherwise the bickering amongst the so-called protest “leaders†will soon have us negotiating from a disadvantaged position. #EndPoliceBrutalityinNigeria"
"I have deleted the thread. It is not worth it. Let posterity judge us all. We will not be distracted. Let’s keep the focus. Be safe out there. #EndImpunity #ReformPoliceNG," Segalink said.
At the time of this report, the argument over "secret meeting" is flooding Twitter Timelines.https://mandynews.com/secret-meeting-with-emefiele-dangote-amplifies-confusion-in-endsars-protests/
Last night, Tuesday, October 13, some EndSARS protesters including Pamilerin, Phyno, Aisha Yesufu, Mo Abudu, Wizkid, Ogbeni Dipo, Falz, met with Emefiele, Dangote, Sanwo Olu, Ifeanyi Okowa, Abdulrahman Abdulrazaq and Dapo Abiodun.
According to the report, Adebola Williams acquiesced that EndSARS protests should end.
But Aisha Yesufu & Mo Abudu insisted Nigerians will not back down until all outstanding issues around police brutality are resolved.
How trouble and confusion started
Ogbeni Dipo, took to Twitter to announced on Tuesday that he and others were in a meeting.
“They pleaded with us to either stop the protest or protest peacefully. They promised to ‘move mountains’ and ACT today.
“I currently don’t have the permission of the 7 people that attended to disclose their identity but I can assure you they are the same people who have been at the forefront in Lagos, Abuja and London.â€
“Davido and Wizkid have really really tried. But I deliberately left out their names. Those 4 people for starters. We can add: Mo, Rinu, Bulawayo Bukarti and Debo Macaroni.
“These 8 people should be speaking to the government. #EndSWAT #EndSARS…No political jobbers. No career activists. And I don’t want to have anything to do with itâ€, he said.
However, reacting to the zoom meeting, the convener of #EndSARS #ReformPoliceNG Movement Segun Awosanya in a post via his Twitter account, insisted that the #EndSARS protest has been hijacked by some group of individuals.
"Special thanks to @SavvyRinu et all who started the organic protest before the hijackers took it over. We shall overcome. #EndSARS #ReformPoliceNG"
"The attempt to hijack the #EndSARS #ReformPoliceNG Movement by known elements who were against it from day one and had to be a part now for fame & earnings is not surprising. They felt they can demonize me & take ownership by force. But they’ll fail again as always."
"The #EndSARS #ReformPoliceNG movement is not a cult group. We don’t guilt-trip people for control. We have a Convener and we are NOT a Protest group neither are we easing funds for such purpose. This is yet another onslaught in the same pattern on the cause. Be careful out there."
"Certain elements are mobilizing to politicize the movement but they know they can’t succeed with me. So they created a monster using the same hashtag as to confuse the unsuspecting public. Please note the difference. People who are for the Cause won’t attack my person."
"I worked hard on #EndSARS #ReformPoliceNG there is a difference. It is a completely different thing when the objective and end goal are separated especially when associated with a protest that seeks to denigrate the tenets of the Movement at the expense of the cause."
"The Movement never separate its Objective #EndSARS from the End Goal/Vision #ReformPoliceNG since inception in 2017. Please note the difference & identify those exploiting your attention. Don’t be a tool in the hands of anyone. @segalink will never expose the vulnerable to harm."
According to reports by Peoples Gazette, "Payment solutions Flutterwave blocked a bank account being used to raise funds for #EndSARS, amidst claims of CBN pressure. The account has been receiving donations to treat victims of gunshot wounds and give legal aid to arrested protesters."
Reacting to Peoples Gazette report Segalink said; "The public should be advised that @SIAF_NG’s #EndSARS #ReformPoliceNG Movement dissociates itself from the #EndSARS Protest and its funding initiative. We are an ADVOCACY & NOT a PROTEST Organization. We are NOT raising FUNDS. I guess this is why they’ve been attacking @segalink"
The co-convener of Bring Back Our Girls Aisha Yesufu who has also been at the forefront of the End SARS movement, told Nigerians youths to stay focus.
https://www.youtube.com/watch?v=5VRfvUNeCHo&feature=youtu.be
Protesters have criticized the meetings being held without public knowledge.
“Some people are already using us to catch cruise over this #endsars protest, because at what stage did we agree to people representing us in a meeting?
“Also, those accusing others of “cult†group have also been in a purported meeting with the IGP. What’s going on?â€, Tope Akinyode said.
Aproko Doctor warned protesters; “Government is succeeding in dividing us, using fault lines where it will be easy to crack us from. This is not the time to allow personal bias, resentment or the need for glory to influence our actions. If we all want the same thing, we should all be speaking with one voice,â€
Susinya Bulus, a lawyer, it's time to declare victory and call off the protests
"It’s time to declare victory and call off the protests, otherwise the bickering amongst the so-called protest “leaders†will soon have us negotiating from a disadvantaged position. #EndPoliceBrutalityinNigeria"
"I have deleted the thread. It is not worth it. Let posterity judge us all. We will not be distracted. Let’s keep the focus. Be safe out there. #EndImpunity #ReformPoliceNG," Segalink said.
At the time of this report, the argument over "secret meeting" is flooding Twitter Timelines.
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