Alpha Beta defends Tinubu, accuses ex-MD of diverting N6bn
Tax consultancy agency, Alpha Beta LLP, has denied allegations levelled towards it by its former Managing Director, Dapo Apara, including that he actually diverted N6bn from the corporate.
Apara had in a writ of summons earlier than a Lagos State Excessive Court docket accused the corporate of being managed by a former Lagos State Governor, Bola Tinubu, and making mysterious funds of over N20bn to a number of personal accounts.
Responding on Friday, nonetheless, Alpha Beta stated in an announcement by its Managing Director, Akin Doherty, that Apara was the one which was culpable as he had diverted about $5m throughout his time as managing director by inflating a contract which was price about $300,000 after which diverted a separate N6bn to non-public use.
The agency stated it had reported Apara’s alleged fraud to the suitable authorities however he had refused to point out up and relatively remained in Dubai.
Within the assertion titled, ‘Alpha Beta: Information of the Matter’, the agency stated Apara was an aggrieved ex-employee who was bent on tarnishing the picture of the corporate after being sacked for monetary impropriety.
It learn partly, “The very fact is that Dapo Apara started making his unfaithful allegations within the aftermath of his removing as Managing Director of Alpha Beta for fraud and unethical practices. Whereas he was MD, Apara used his place to siphon large sums of cash from the corporate together with however not restricted to fraudulently changing $5m; cash allegedly used to pay for cloud primarily based companies that have been finally found to be price lower than $300,000.
“Mr. Apara, who was a signatory to all of the financial institution accounts of Alpha Beta from inception till his removing, obtained all his funds and entitlements till June 2018 when he was eliminated after his fraudulent misconduct was found.
“In July 2018 additional proof of his fraudulent and unethical practices was uncovered, together with the revelation that he transformed roughly N6bn belonging to Alpha Beta to his private 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. Thus far, he has refused to take action. As an alternative, Mr. Apara selected to embark on an aggressive smear marketing campaign seemingly in an effort to blackmail us into ending the investigations into his misconduct.”
The agency stated Apara’s allegations levelled towards Tinubu have been specious and diversionary.
“The uncorroborated allegations towards Asiwaju Bola Tinubu by Dapo Apara, specifically, present that he’s bent solely on creating sensational headlines to deflect consideration from his personal prison actions,” it stated.
In accordance with Alpha Beta, Apara has filed many fits in Lagos and Abuja on the identical matter, engaged in arbitration, the police, the Financial and Monetary Crimes Fee, and different companies.
It stated in all that point, he has steadfastly refused to honour all invites by the authorities to return to Nigeria and account for the large funds he misappropriated.
In a report by the Punch, the agency said that though it had not been served with the courtroom summons, it appeared ahead to the chance of publicly presenting the total image of Apara’s misconduct, deceit and fraud and to have the matter resolved by the courtroom as soon as and for all.
Alpha Beta displays and reconciles tax on behalf of the Lagos State Authorities for a fee, a contract it has been executing for over 15 years.
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