• About
  • Advertise
  • Careers
  • Contact
Monday, July 7, 2025
  • Login
No Result
View All Result
NEWSLETTER
Reporters At Large
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us
No Result
View All Result
Reporters At Large
No Result
View All Result
Home Featured

Alpha Beta Defends Tinubu, Accuses Ex-MD Of Diverting N6bn

by ReportersAtLarge
October 9, 2020
in Featured, News
Reading Time: 2 mins read
0
Bola Tinubu

Bola Tinubu

Share on WhatsappShare on FacebookShare on TwitterShare on Linkedin

Tax consultancy firm, Alpha Beta LLP, has denied allegations levelled against it by its former Managing Director, Dapo Apara, adding that he in fact diverted N6bn from the company.

Apara had in a writ of summons before a Lagos State High Court accused the company of being controlled by a former Lagos State Governor, Bola Tinubu, and making mysterious payments of over N20bn to several private accounts.

Responding on Friday, however, Alpha Beta said in a statement by its Managing Director, Akin Doherty, that Apara was the one that was culpable as he had diverted about $5m during his time as managing director by inflating a contract which was worth about $300,000 and then diverted a separate N6bn to personal use.

ADVERTISEMENT

The firm said it had reported Apara’s alleged fraud to the appropriate authorities but he had refused to show up and rather remained in Dubai.

In the statement titled, ‘Alpha Beta: Facts of the Matter’, the firm said Apara was an aggrieved ex-employee who was bent on tarnishing the image of the company after being sacked for financial impropriety.

RelatedPosts

PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

Court Affirms Senate’s Right To Suspend Natasha

It read in part, “The fact is that Dapo Apara began making his untrue allegations in the aftermath of his removal as Managing Director of Alpha Beta for fraud and unethical practices. While he was MD, Apara used his position to siphon huge sums of money from the company including but not limited to fraudulently converting $5m; money allegedly used to pay for cloud based services that were eventually discovered to be worth less than $300,000.

“Mr. Apara, who was a signatory to all the bank accounts of Alpha Beta from inception until his removal, received all his payments and entitlements until June 2018 when he was removed after his fraudulent misconduct was discovered.

“In July 2018 further evidence of his fraudulent and unethical practices was uncovered, including the revelation that he converted approximately N6bn belonging to Alpha Beta to his personal 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 date, he has refused to do so. Instead, Mr. Apara chose to embark on an aggressive smear campaign seemingly in an effort to blackmail us into ending the investigations into his misconduct.”

The firm said Apara’s allegations levelled against Tinubu were specious and diversionary.

“The uncorroborated allegations against Asiwaju Bola Tinubu by Dapo Apara, in particular, show that he is bent only on creating sensational headlines to deflect attention from his own criminal activities,” it said.

According to Alpha Beta, Apara has filed many suits in Lagos and Abuja on the same matter, engaged in arbitration, the police, the Economic and Financial Crimes Commission, and other agencies.

It said in all that time, he has steadfastly refused to honour all invitations by the authorities to return to Nigeria and account for the huge funds he misappropriated.

The firm stated that although it had not been served with the court summons, it looked forward to the opportunity of publicly presenting the full picture of Apara’s misconduct, deceit and fraud and to have the matter resolved by the court once and for all.

Alpha Beta monitors and reconciles tax on behalf of the Lagos State Government for a commission, a contract it has been executing for over 15 years.

Tags: Ahmed TinubuAlpha BetaBREAKINGBREAKING NEWSCOURTFraudlagosTinubu
SendShareTweetShare
ReportersAtLarge

ReportersAtLarge

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

More

Chairman CEO of McDons Skye Hotel Dr Modestus Chigo Akweke
News

PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

by ReportersAtLarge
July 5, 2025
0

"The participation of the PEAC/PFIPC at FHS Africa was a true reflection of the council's focus on attracting and facilitating...

Read moreDetails
Climate Change in Nigeria
News

Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

by ReportersAtLarge
July 4, 2025
0

Stakeholders at the Inception and Discovery Meeting for Climate Equity Project in Nigeria have underscored the amplification of personal experiences...

Read moreDetails
Natasha Akpoti
News

Court Affirms Senate’s Right To Suspend Natasha

by ReportersAtLarge
July 4, 2025
0

The Federal High Court in Abuja on Friday found the senator representing Kogi Central Senatorial District, Natasha Akpoti-Uduaghan, guilty of...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigeria National Domestic Card-Scheme

CBN Launches National Domestic Card Nationwide, Lists Features, Benefits to Nigerians

2 years ago
Anambra State Map

Panic As Gunmen Storm Burial Ceremony Chase Guests, Burn Down Mourners’ Residence In Anambra

3 years ago

Popular News

  • Ooni Of Ife Celebrates Akogun Tola Adeniyi At 80, Says He’s A Towering Iroko In Nigeria’s Media Landscape

    0 shares
    Share 0 Tweet 0
  • Makinde, Senator Alli Celebrate Olubadan On 90th Birthday, First Coronation

    0 shares
    Share 0 Tweet 0
  • PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke

    0 shares
    Share 0 Tweet 0
  • Ogidan’Birin Set To Launch WADEN At Akungba Day 2025

    0 shares
    Share 0 Tweet 0
  • Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts

    0 shares
    Share 0 Tweet 0

Connect with us

ADVERTISEMENT

About Us

Reporters At Large is the world’s fastest-growing online news platform and public service broadcaster. We’re impartial and independent, and every day we create distinctive, world-class programmes and content which inform, educate and entertain millions of people in Nigeria and around the world.

With a high level of professionalism, fairness, objectivity, accuracy and speed, we publish Breaking News Nigeria Today Headlines and International news on Politics, Tourism and Travel, Entertainment, Sports, Business Lifestyle and Sports.

Category

  • Auto Trend
  • Breaking Bones
  • Business
  • Columns
  • Entertainment
  • Featured
  • For The Record
  • Health
  • Innovation
  • Lifestyle
  • Metro
  • News
  • Opinion
  • People & Events
  • Politics
  • Press Releases
  • Science & Technology
  • Sponsored
  • Sport
  • Tourism & Culture
  • Video
  • Video News
  • WorldNews

Recent Posts

  • Ooni Of Ife Celebrates Akogun Tola Adeniyi At 80, Says He’s A Towering Iroko In Nigeria’s Media Landscape July 6, 2025
  • Makinde, Senator Alli Celebrate Olubadan On 90th Birthday, First Coronation July 5, 2025
  • PEAC/PFIPC Is A Boost For Nigeria’s Economy – McDons Hotel Boss, Dr. Akweke July 5, 2025
  • Ogidan’Birin Set To Launch WADEN At Akungba Day 2025 July 4, 2025
  • Stakeholders Urge Sharing Of Community Experiences On Climate Change Impacts July 4, 2025
October 2020
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep   Nov »
  • Home
  • News
  • Business
  • Politics
  • Tourism
  • Lifestyle
  • RAL TV
  • More

© 2016-2024 RAL - Guided by professionalism

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • News
    • World
    • For The Record
    • Metro
    • Opinion
    • Press Releases
  • Business
    • Auto Trend
  • Politics
  • Tourism
  • Lifestyle
    • People & Events
    • Health
  • RAL TV
    • Video
    • Video News
  • More
    • Advertisement
    • Privacy
    • Disclaimer
    • Contact Us

© 2016-2024 RAL - Guided by professionalism

Verified by MonsterInsights