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N100B Fraud: Court Summons Tinubu

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A former Managing Director of Alpha Beta Consulting, Oladapo Apara, has filed a N100 billion lawsuit against 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 might 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).”

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.

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).”

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 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 Limited 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.

He said 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 to various companies.

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, “N550m payment to Ocean Trust Ltd vide payment instruction dated the 15/5/18 (h) N850m payment to Ocean Trust Ltd vide payment instruction dated the 14/3/15.”

The claimant said N960m 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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Ekiti Students Caught On Camera Bullying A Fellow Student, Have Been Expelled

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The management of Bamidele Olumilua University of Education, Science and Technology, Ikere-Ekiti (BOUESTI) has expelled two of its students filmed assaulting a female colleague.

A video recently went viral on social media of a student hitting her fellow student with a stick that was handed to her by another student. The bully had kept insinuating that she would draw blood from her victim.

Reacting to the incident, the Public Relations Officer of the institution, Temitope Akinbisoye, in a statement released, said the students caught in the video were summoned on Monday, May 6 and were meted the appropriate punishment for their actions

”In accordance with our institution’s policies and extant regulations, the students who were captured in the viral video appeared before the Students’ Disciplinary Committee at its emergency meeting held on Monday, May 6, 2024, for interrogations and appropriate recommendations, the report of which has been submitted to the University authorities.

The University authorities condemn in strong terms, any form of violence or misconduct in our University or by any of our constituents. Such behaviour is entirely inconsistent with the values we uphold and the standards of respect and dignity that we expect from all members of our University.

Miss Opemiposi Precious BOLAJI with Matriculation No. 10232, a 100L Mass Communication student who was beating her colleague with a stick and threatening to inflict bodily harm on her for allegedly destroying her 3-year old love affair with her boyfriend was found guilty of misconduct and flagrant breach of her matriculation oath and consequently EXPELLED with immediate effect.

Miss Genesis OSARO, a 100L Mass Communication student with Matriculation No. 10257, who provided the stick with which Gloria AJAYI was beaten, was found guilty of misconduct (as an accomplice) and flagrant breach of her Matriculation oath and consequently EXPELLED with immediate effect.

Miss Gloria AJAYI, a 100L Mass Communication student with Matriculation No. 10295, who was seen being beaten in the viral video but did not retaliate or engage in fisticuffs with her tormentors, was EXONERATED.“

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“80% Of Buildings In Lekki Have No Approval” – Lagos State Commissioner For Physical Planning & Urban Development Reveals

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The Lagos State Commissioner for Physical Planning and Urban Development, Dr Oluyinka Olumide, has stated that 80 per cent of buildings in Ibeju Lekki have no approval.

Olumide disclosed this while speaking to newsmen recently.

In his words; “Just last week Thursday and Friday, myself and the team were in the Ibeju Lekki and Epe axis and you would agree with me that anybody passing through that corridor would see a lot of estates marked. We went there, and I can tell you that from what we saw, over 80 per cent of them do not have approval.

The procedure to get approval is first to get the planning information, as to what those areas have been zoned for. In this case, what we have is agricultural land, and people now go to their families to buy agricultural land. Of course, those lands would be sold because those families do not know the use such land would be put to.

The next thing to do is the fence permit. If you missed the earlier information on not knowing the area zoning, at the point of getting the fence permit, you would be able to detect what the area is zoned for. After that, the layout permits a large expense of land follows.”’

Olumide noted that a layout permit cannot be obtained if it is not zoned for the purpose it was designed for or for the purpose it was being requested.

“So, you can see all these layers, but people still go ahead to start advertising. Some have even gone to the extent of displaying the sizes they want to sell. Imagine someone in the diaspora who wants to send money without any knowledge. Then, no approval is eventually gotten. Even if they pass the assignment and the survey to them, we would not grant the individual permit, because that area is not zoned for that purpose’’ Olumide said

This partly explains why some of the houses are being turn down currently in the state.

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Lady Dies After Friends Pushed Her Into Boiling Pot Of Fresh Pepper In Delta State

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A Nigerian man identified as Israel Joe, has revealed how his friend, Roseline, died after she was pushed into a boiling pot of fresh pepper and tomatoes by her two female friends in Sapele, Delta State.

Joe stated that Roseline, a caterer, went on a trip with her friends to Sapele for a catering job where the bitter ordeal occured.

She tragically passed away on Saturday, April 13 after spending two weeks at the hospital in a very horrible state.

In a Facebook post on Friday, Joe said that before her untimely death, Roseline confided in him about two of her friends who were treating her coldly.
And he has vowed to bring them to justice.

This is such a heartbreaking event.

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