Alpha Beta defends Tinubu, accuses ex-MD of diverting N6bn

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Tax consultancy firm, Alpha Beta; which monitors and reconciles tax on behalf of the Lagos State Government has denied allegations levelled against it by its Ex Managing Director, Dapo Apara.

Apara had earlier 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.

The firm added 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.

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