Connect with us

News

N20bn: Tinubu, Alpha Beta Ex-MD Settle Out Of Court

Published

on

Senator Bola Tinubu

The controversy surrounding the alleged transfer of over N20bn ordered by the All Progressives Congress leader, Bola Tinubu from Alpha Beta to some private business accounts has taking a new turn as the former Managing Director of Alpha Beta Consulting, Dapo Apara, the current Managing Director of the company, Akin Doherty and Tinubu have begun discussions on a possible out-of-court settlement.
The lawyer to Apara, the plaintiff, Mr Ebun-Olu Adegboruwa (SAN) said this before the High Court of Lagos State sitting at the Tafawa Balewa Square on Tuesday, that the order made on November 2, 2021, for substituted service of all court processes on Tinubu had been complied with by the court bailiff.
Adegboruwa stated that the bailiff served Tinubu on November 24, 2021, at his No. 26 Bourdillon Road, Ikoyi, address through the courier service of DHL, adding that an affidavit of service had been filed by the bailiff to confirm this position and the court looked through its records and confirmed the position as stated by the lawyer.
Adegboruwa also informed the court that the parties and their counsel had met on several occasions with a view to resolving all the issues in controversy amicably and to this end, proposed terms of settlement had been exchanged, which might have explained the absence of the defendants and their counsel in court.
The senior advocate then urged the court to grant more time for the parties to consolidate on their settlement talks and Justice Aishat Opesanwo subsequently adjourned the case till March 24, 2022.
It will be recalled that Apara filed the suit early last year seeking to hold the defendants accountable for financial transactions in Alpha Beta.
In the suit filed by Adegboruwa on behalf of Apara, the former MD said Tinubu controls Alpha Beta, a tax consulting firm that has exclusive rights to monitor and generate revenue on behalf of the Lagos State Government.
Apara, who had in 2018 written a petition to the Economic and Financial Crimes Commission accusing Alpha Beta of N100bn tax fraud, asked the court to compel the firm to pay him his entitlements even as he alleged that Tinubu was the one that got him removed from his position for investigating the firm’s finances.

News

From Boardroom To Politics, Ex-First Bank Boss Eyes Oyo Governor’s Seat

Published

on

By

Adesola Adeduntan, the erstwhile Managing Director of First Bank has been named as one of the would-be successors of the Governor of Oyo State, Seyi Makinde come 2027.

 

The banker who was allegedly eased out of banking for some undisclosed misdemeanors is claimed to have began consultations as he charts a new path in politics.

 

Sources hinted that Adeduntan had been interested in an elective position but his participation was measured because of his banking career. But now, the coast is clear and he is already aligning himself with some stakeholders ahead of 2027.

 

A list of names including Ilaji boss, Dotun Sanusi, Taofeek Arapaja, Stanley Olajide and many more has features as interested minds gunning for the number one seat in Oyo, a list Adeduntan has recently joined.

Continue Reading

News

Ex First Bank Boss, Afonja Dies In Auto Crash

Published

on

By

-Femi Bamgbose

 

Details have emerged on Monday, 20th May, 2024 regarding the tragic death of a former Chairman of First Bank Plc, Ajibola Afonja.

 

The 82 year-old man was said to have died in a car accident.

 

The accident occurred somewhere around Oyo town.

 

Sources hinted papermacheonline that the former Minister popularly known by his company name ‘IDS’ Integrated Dimensional System was rushed to the University College Hospital, Ibadan where he eventually gave up the ghost.

 

The news spread like wildfire within the society circle across Oyo State where Afonja was highly revered.

 

Family sources claimed he would be buried today according to Islamic rites.

Continue Reading

News

‘How Yahaya Bello Withdrew Almost $1M From Kogi Account To Pay Child’s School Fees’ EFCC boss, Olukoyede

Published

on

By

The Chairman of the Economic and Financial Crimes Commission, Ola Olukoyede, has revealed that a former governor of Kogi State, Yahaya Bello, transferred $720,000 from the government’s coffers to a bureau de change before leaving office to pay in advance for his child’s school fee.

 

Olukoyede revealed this during an interview with journalists on Tuesday in Abuja.

 

He said, “A sitting governor, because he knows he is going, moved money directly from government to bureau de change, used it to pay the child’s school fee in advance, $720,000 in advance, in anticipation that he was going to leave the Government House.

 

“In a poor state like Kogi, and you want me to close my eyes to that under the guise of ‘I’m being used.’ Being used by who at this stage of my life?”

 

 

Olukoyede further stated that he personally reached out to Bello, offering him a chance to clarify the situation in a respectful setting within the EFCC office but the ex-governor reportedly declined to cooperate, citing fears of harassment from an unnamed woman.

 

The EFCC boss added, “I didn’t initiate the case; I inherited the case file. I called for the file, and I said there are issues here.

 

“On my own, I called him, which I am not supposed to do, just to honour him as an immediate past governor. ‘Sir, there are issues. I’ve seen this case file. Can you just come let us clarify these issues?’

 

 

“He said, ‘Ha! Thank you, my brother. I know, but I can’t come. There’s one lady that has surrounded EFCC with over 100 people to come and embarrass me and intimitade me.’

 

Bello was said to have suggested that the EFCC come to his village rather than conduct an investigation at the agency’s quarters.

 

“I said if that is the issue, I’m going to pass you through my own gate, and you will come to my floor. We will accord you that respect. I will invite my operatives; they will interrogate and interview you in my own office. What could be more honourable than that to allay the fear?

 

“You know what he said: ‘Thank you, sir, but can’t they come to my village? Olukoyede added.

 

The chairman also highlighted the agency’s achievements during his tenure, stating, “We have recovered close to 120 billion and secured over 1,600 convictions in six months.

 

“I’m so passionate about the need for us to move forward in this country. We need the EFCC to survive. There are so many victims that we have wiped tears off their eyes, people that have been swindled in their millions. Every day, we keep recovering money for victims.”

 

PUNCH Online reports that the EFCC chairman, Olukoyede, has vowed to resign from his position if Yahaya Bello is not prosecuted.

 

The EFCC is seeking to arraign Bello on 19 counts bordering on alleged money laundering, breach of trust, and misappropriation of funds to the tune of N80.2 billion.

Continue Reading

Trending