• About
  • Advertise
  • Careers
  • Contact
Friday, July 11, 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.

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

Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership

Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu

UN Women, WARIF Sensitise Community To End SGBV

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

News

Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership

by ReportersAtLarge
July 11, 2025
0

The Ibadan Discourse Group (IDG) recently held a national discourse in honour of the late Lt. Col. Adekunle Fajuyi, a...

Read moreDetails
Mallam Garba Shehu
News

Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu

by ReportersAtLarge
July 11, 2025
0

The Former Special Assistant on Media and Publicity to ex-President Muhammadu Buhari, Garba Shehu, has revealed that the story about...

Read moreDetails
News

UN Women, WARIF Sensitise Community To End SGBV

by ReportersAtLarge
July 11, 2025
0

The United Nations Women, in partnership with the Women at Risk International Foundation (WARIF), on Thursday staged a house-to-house sensitisation...

Read moreDetails
Load More

Leave a Reply Cancel reply

Your email address will not be published.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

Recommended

President Muhammadu Buhari

BREAKING: Buhari To ASUU, Only University Lecturers On IPPIS Would Get Salaries

5 years ago
African Democratic Congress ADC

Nigeria: APC, PDP, AD Lose 6,000 Members To ADC

7 years ago

Popular News

  • Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership

    0 shares
    Share 0 Tweet 0
  • Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu

    0 shares
    Share 0 Tweet 0
  • UN Women, WARIF Sensitise Community To End SGBV

    0 shares
    Share 0 Tweet 0
  • Nigerians Face Tough New Visa Rules: What You Need to Know

    0 shares
    Share 0 Tweet 0
  • Governance Crisis In Nigeria: Experts Chart Course For 2027 Elections At SWEGOP Anniversary

    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

  • Ibadan Discourse Group Commemorates Adekunle Fajuyi, Calls For Value-Based Leadership July 11, 2025
  • Villa Rat Invasion Story Fabricated As A Distraction From Buhari’s Health Issues — Garba Shehu July 11, 2025
  • UN Women, WARIF Sensitise Community To End SGBV July 11, 2025
  • Nigerians Face Tough New Visa Rules: What You Need to Know July 10, 2025
  • Governance Crisis In Nigeria: Experts Chart Course For 2027 Elections At SWEGOP Anniversary July 10, 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