₦airaland Forum

Lagos State Land Use Charge was a Tinubu initiative just like the former LIRS whose system was adopted by the federal govt and implemented as the FIRS where proxy companies also collect revenue via consulting firm Alphabeta.

Alphabeta handles the computation, tracking and reconciliation of Internally Generated Revenue (IGR) in Lagos State and Federal states in return for a commission.

AlphaBeta and two other collecting companies are Information Connectivity Solutions Limited (ICSL) and De Soffit Consults Limited.

ICSL, is a sister organization to Mr. Tinubu's Alpha. ICSL has two directors, Messrs. Abiodun Akinkunmi and Lanre Bankole.

Mr. Akinkunmi, a former Lagos State Finance Commissioner, was on the board of Alpha Beta while serving as commissioner, a contravention of the Code of Conduct for Public Officers.

The country's Public Service Code bars public office holders from working in private organizations. The code equally bars public officials from putting themselves in positions where personal interest could conflict with their duties and responsibilities.

The shareholders of ICSL were Alpha Beta Consulting Limited with 4,999,999 shares and Mr. Tunde Badejo, who had just one share. To deflect suspicion, Alpha Beta transferred its shares to Connectivity Investment Holding Company (CIHC) and the Document of Transfer was filed at CAC on 13 July 2017. CIHC further transferred all its shares to ICSL on 28 July 2015.

The second company, De Soffit Consults Limited, with registration number RC 932446, has as one of its directors, Mr. Lasisi Olalekan, Special Adviser on Taxation and Revenue Matters to Mr. Ambode.

According to documents from the CAC, Olalekan owns 40 percent equity in the company, while one Mr. Ogunlana Femi owns 30 percent. The remaining 30 percent is owned by one Mr. Lawal Olanrewaju.

The Lagos State governor appointed Mr. Olalekan as Special Adviser while holding the position of Managing Director of De Soffit Consults Limited.

Since assuming office as Special Adviser and up till date Mr. Olalekan functions as a director of De Soffit in contravention of the Public Service Code.

Mr. Ambode (during his tenure) appointed staff of privately owned companies, who refused to relinquish their previous jobs and such act violates the Code of Conduct for Public Officers and the conflict of interest of the officials involved.

Sanwo Olu continued from where his predecessor left off and there will be more to uncover as time goes by like the secret holdings of Bola Ahmed Tinubu in over 12 African countries where he launders illegal funds, as found in Wikileaks

CREDIT: SAHARA REPORTERS, WIKILEAKS

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