In Lagos, Alpha Beta, as consultants, gets 10 percent of whatever Lagos State generates monthly. If this statement confuses you, you are not alone. There are just a few things you need to keep in mind though: Lagos State generates roughly 31 billion Naira a month. Ten percent of that is going to a consultancy firm owned by the former governor of Lagos State, Bola Tinubu. 75% of the revenue generated by Lagos State comes from taxes.

If you need to read the paragraph again, you are not alone. However, the truth of the matter is that Alpha Beta Company has been the tax consultant to the Lagos State government since 1999, when the former governor Tinubu began his tenure.

That year, Alpha Beta Company had definitely succeeded by delivering a dramatic rise in monthly state revenue from about 600 million Naira to 7.7 billion Naira. A laudable achievement indeed, but it would have been less so if the citizens of Lagos State knew what they had traded it in for. Alpha Beta Company had charged the state of Lagos a whopping one billion Naira a month for their services.

Now, just to reiterate, Tinubu owns Alpha Beta Company. Tinubu was also at the time, the Governor of Lagos State. Alpha Beta Company became the tax consultant for Lagos State in 1999, and they charged roughly 13% of the entire state revenue.

Today, Alpha Beta Company is still the tax consultant for the state. They now charge roughly 10% of the entire state revenue and Tinubu still owns it. The only thing that has changed is that Tinubu is no longer the Governor of Lagos State, or so it says on paper. With utmost respect to the office of State Governor, Tinubu is still very much in control of the state’s affairs, or at the very least, its revenue.

Despite all feelings of being scandalized here, one must look at the big picture. Governor Fashola is still working for Bola Tinubu. If he was not, things might have changed. New relationships would have been forged with the State Government and interest groups. However, the standings beg the question: what has really changed since then?

Undisclosed sources claim that Tinubu’s role in installing Fashola as Governor of the State is the biggest hindrance for the present regime. An agreement between Fashola and Tinubu over the duration of the tenure of governorship, as well as the selection of certain cabinet members paints a vivid picture on the sort of bind Fashola is in. At the moment however, one wonders whether or not he finds it at convenient as he used to, or if he ever did.

What is clear, however, is that there appears to be a lot of money changing hands, and the masses are still bewildered over the fate of roughly 31 billion Naira in revenue per month. There are a number of allegations regarding Fashola’s spending penchants. Here are just a few of them that beg to be disproved:

1. That in 2009, Fashola gave N250 million to the Rotimi Akeredolu-led executive of the Nigeria Bar Association (NBA) for the NBA conference held in Lagos, at a time when Lagos teachers and doctors were on strike for improved welfare package.

2. The Babatunde Raji Fashola Government within six months, January to June 2009, spent N420 million on the hiring of private security – to guard who? – despite his heavy investment in the Police Force through the State Security Trust Fund.

3. Babatunde Raji Fashola spent N1.5 billion to demolish the Bank of Industry (BOI) building, paying a company introduced by one Tunji Olowolafe in cash transfer, only for him and his cronies to claim the land adjacent to it.

4. The Babatunde Raji Fashola Government awarded a part of Western Avenue (Funsho Williams Road), about two kilometres road for N7.7 billion, just between Abalti Barracks and Costain. And without the construction of any bridge, the project was carried out by Julius Berger. This project must certainly be investigated.

5. Between January and June 2009, the Babatunde Raji Fashola Government claimed to have fuelled 225 vehicles in his office alone with N135 million. These figures amount to about N800,000 per day at a time that petrol was sold for N65 per litre. The Government always got fuel cheaper, but Babatunde Raji Fashola claimed to have bought it at N85 per litre.

6. Between January and June 2009, Babatunde Raji Fashola’s Chief of Staff and Personal Assistants expended N290 million in sending text messages and phone calls on their lines.

7. It is also very sad to know that the Babatunde Raji Fashola Government awarded the construction of a road and drains inside Gbagada General Hospital for over N1.8 billion to the same Tunji Olowolafe’s company (DEUX Projects Limited).

8. The sum of N1.5 billion of un-appropriated funds, without approval, was claimed to have been spent on the demolition of Oshodi.

9. The Helicopter Deal was a big fraud. The helicopter was not built for any kind of emergency evacuation, rescue or to even combat urban fire. Over N5 billion has been spent on the two helicopters. And the seal of Lagos State is not on it, and it is not even in Lagos but in the Niger Delta making money for some private people in Government. The whole helicopter deal stinks to high heavens; it constitutes the biggest governmental fraud of all times and confirms the rot in the State. See THISDAY December 19, 2009.

10. The Senior Special Assistant, SSA (Media) to Babatunde Raji Fashola spent N183 million in six months on press coverage and editors outside the approved budget but funded directly from the Governor’s Office.

11. In a State where children are sitting on the floor in classrooms, where unemployment is rampant and poverty pervasive, Babatunde Raji Fashola paid the wife of a controversial pastor over N600 million in two years for Christmas decorations for about six streets in Lagos.

12. In six months, between January and June 2009, Babatunde Raji Fashola spent monies on several faceless organisations, subventions, grants and donations such that they quickly pocketed N2 billion.

Most of these allegations were compiled by the True Face of Lagos, the same group that petitioned against Fashola to the House of Assembly and the EFCC. The Lagos State Government is under the proverbial microscope and the masses are watching wit rapt attention.
http://www.lestweforgetnaija.com/index.php/articles/item/120-tinubu-fashola-alpha-beta-and-the-taxation-rape-of-lagos

SMH.. More fraud stories of Tinubu and fashola on the website: Tinubu is Lagos

I am not surprise Fash and his cohorts are working free in the afternoon like modern day vampires just for the singular fact that we don't have laws that bite.

I don't have problem with these allegations and the people mentioned. As far as law is concerned, they are innocent until proven otherwise. I consider these allegations as hear-say, until they are substantiated.

I am not surprised no relevant anti-fraud agency is interested in investigating these allegations. I remember, before fash re-election, similar fraud allegations were raised against him by this same group, but Lagos State Assembly members swept under the carpet. Embarrassingly, Lagos State has not in anyway support any SMEs, let alone Big businesses. It's all round taxes - from state, LCD, phantom and even partnering with ogun state to some level. Tax! Tax!! Tax!!! with no commensurate growth and development. He is only basking in the euphoria of 'Eko ni baje' being the most popular slang in Lagos. Lagos is better than what we see and feel complacent about.

Koolking: I am not surprise Fash and his cohorts are working free in the afternoon like modern day vampires just for the singular fact that we don't have laws that bite.

I don't have problem with these allegations and the people mentioned. As far as law is concerned, they are innocent until proven otherwise. I consider these allegations as hear-say, until they are substantiated.

I am not surprised no relevant anti-fraud agency is interested in investigating these allegations. I remember, before fash re-election, similar fraud allegations were raised against him by this same group, but Lagos State Assembly members swept under the carpet. Embarrassingly, Lagos State has not in anyway support any SMEs, let alone Big businesses. It's all round taxes - from state, LCD, phantom and even partnering with ogun state to some level. Tax! Tax!! Tax!!! with no commensurate growth and development. He is only basking in the euphoria of 'Eko ni baje' being the most popular slang in Lagos. Lagos is better than what we see and feel complacent about.

Fashola is simply a mediocre ethnic champion that lived on propaganda through out his first tenure mostly from activities of his godfather Tinubu controlled press. TheNation etc. Unfortunately for him, the eyes of the masses has opened and they have seen what we've seen all along that Fashola is one overrated crook. PDP has a great chance now in Lagos state. 'Eko ni baje' my foot!

Mr. freeglobe, just always pay your tax. Lagos has no new tax law beside the ones before the current republic. If you are sure I'm wrong correct me.

Mo.rons plenty for Nigeria.
This is absolute stvpidity, so you get all this feeble conjectures and can not petition efcc?
Yall are all MAD

FreeGlobe:
Fashola is simply a mediocre ethnic champion that lived on propaganda through out his first tenure mostly from activities of his godfather Tinubu controlled press[b]. TheNation etc. Unfortunately for him, the eyes of the masses has opened[/b] and they have seen what we've seen all along that Fashola is one overrated crook. PDP has a great chance now in Lagos state. 'Eko ni baje' my foot!

Have the eyes of lagosians always been closed like your kinsmen in iboland?
You think say lagosians are imb.ecil.ic ediots like ibos who no fit reason?
If you like set up a google adwords campaign for this, na u sabi
all i know is Lagosian are happy with ACn, PDP no get chance for south west.
Na only oponus like you ibos go dey vote papa dicking pikin

seanet01:
Have the eyes of lagosians always been closed like your kinsmen in iboland?
You think say lagosians are imb.ecil.ic ediots like ibos who no fit reason?
If you like set up a google adwords campaign for this, na u sabi
all i know is Lagosian are happy with ACn, PDP no get chance for south west.
Na only oponus like you ibos go dey vote papa dicking pikin

shut up, go and eat amala, I no get ya time. ole

freeglobe, have you paid your tax to Lasgidi....AlphaBeta will come after your a** for their 10%. You dont want to mess with Tinubu boys. ;

Negro_Ntns: freeglobe, have you paid your tax to Lasgidi....AlphaBeta will come after your a** for their 10%. You dont want to mess with Tinubu boys. ;

AlphaBeta Tinubu/fasholaBeta free me oh, I no dey Lagos.

FreeGlobe:
shut up, go and eat amala, I no get ya time. ole

Ode

This is what freaks me out about Nigerian Journalism and alll this internet news site, its one thing to just type up somethings and expect people to believe, its another to show us some EVIDENCE EVIDENCE EVIDENCE. Proove they did all this things.

FreeGlobe:

AlphaBeta Tinubu/fasholaBeta free me oh, I no dey Lagos.

In other word, @freeglobe u're crying more than the bereaved.

FreeGlobe:

AlphaBeta Tinubu/fasholaBeta free me oh, I no dey Lagos.

so why are you complaining about a pain that Lagosians are comfortable, and in fact have no problem, enduring?

youngmonie: This is what freaks me out about Nigerian Journalism and alll this internet news site, its one thing to just type up somethings and expect people to believe, its another to show us some EVIDENCE EVIDENCE EVIDENCE. Proove they did all this things.

what evidence do you need? you want to see the sextape? mumu

Lie number 1.... as at 1999 Olusola Adekonla was the tax consultant of Lagos State.

Even from your write up, dont you think even if Alpha Beta gets 25 percent, it is economically reasonable. Moving IGR from N600m to N31b. What exactly is your problem with that? Do you mean LASG shouldnt have used a tax consultant so that evasion and avoidance of tax should have continued. Pls tell your state too to have a consultant that will collect 10 percent and shoot up your IGR so that you can have street light, create jobs, build new housing estates, attract investors, etc. Bigots.

I hope this makes the front page and people get to see.

Osinbajo is a director here?

Tinubu is Ali baba.
Saraki,Amechi,El ruffian,Murtala Nyako,Atiku,etc are the forty thieves.

What is what the tax figure of Lagos before Alpha Beta took over?

What was the same figure after?

Which other example can you give where Public Private Partnership has worked beta?

Is Alpha Beta not entitled to consultancy payment after improving the tax revenue of Lagos massively? A labourer is worthy of his wages.

Do we have any other state performing better in terms of mode of tax collection and actual amount being collected in Nigeria?

What is the tax revenue of your home state that did not contract Alpha Beta?

Answer all those objectively and get back to me.

I have never been a fan of jagaban, but you should not allow your prejudice against him to becloud your objectivity.

FreeGlobe:
In Lagos, Alpha Beta, as consultants, gets 10 percent of whatever Lagos State generates monthly. If this statement confuses you, you are not alone. There are just a few things you need to keep in mind though: Lagos State generates roughly 31 billion Naira a month. Ten percent of that is going to a consultancy firm owned by the former governor of Lagos State, Bola Tinubu. 75% of the revenue generated by Lagos State comes from taxes.

If you need to read the paragraph again, you are not alone. However, the truth of the matter is that Alpha Beta Company has been the tax consultant to the Lagos State government since 1999, when the former governor Tinubu began his tenure.

That year, Alpha Beta Company had definitely succeeded by delivering a dramatic rise in monthly state revenue from about 600 million Naira to 7.7 billion Naira. A laudable achievement indeed, but it would have been less so if the citizens of Lagos State knew what they had traded it in for. Alpha Beta Company had charged the state of Lagos a whopping one billion Naira a month for their services.

Now, just to reiterate, Tinubu owns Alpha Beta Company. Tinubu was also at the time, the Governor of Lagos State. Alpha Beta Company became the tax consultant for Lagos State in 1999, and they charged roughly 13% of the entire state revenue.

Today, Alpha Beta Company is still the tax consultant for the state. They now charge roughly 10% of the entire state revenue and Tinubu still owns it. The only thing that has changed is that Tinubu is no longer the Governor of Lagos State, or so it says on paper. With utmost respect to the office of State Governor, Tinubu is still very much in control of the state’s affairs, or at the very least, its revenue.

Despite all feelings of being scandalized here, one must look at the big picture. Governor Fashola is still working for Bola Tinubu. If he was not, things might have changed. New relationships would have been forged with the State Government and interest groups. However, the standings beg the question: what has really changed since then?

Undisclosed sources claim that Tinubu’s role in installing Fashola as Governor of the State is the biggest hindrance for the present regime. An agreement between Fashola and Tinubu over the duration of the tenure of governorship, as well as the selection of certain cabinet members paints a vivid picture on the sort of bind Fashola is in. At the moment however, one wonders whether or not he finds it at convenient as he used to, or if he ever did.

What is clear, however, is that there appears to be a lot of money changing hands, and the masses are still bewildered over the fate of roughly 31 billion Naira in revenue per month. There are a number of allegations regarding Fashola’s spending penchants. Here are just a few of them that beg to be disproved:

1. That in 2009, Fashola gave N250 million to the Rotimi Akeredolu-led executive of the Nigeria Bar Association (NBA) for the NBA conference held in Lagos, at a time when Lagos teachers and doctors were on strike for improved welfare package.

2. The Babatunde Raji Fashola Government within six months, January to June 2009, spent N420 million on the hiring of private security – to guard who? – despite his heavy investment in the Police Force through the State Security Trust Fund.

3. Babatunde Raji Fashola spent N1.5 billion to demolish the Bank of Industry (BOI) building, paying a company introduced by one Tunji Olowolafe in cash transfer, only for him and his cronies to claim the land adjacent to it.

4. The Babatunde Raji Fashola Government awarded a part of Western Avenue (Funsho Williams Road), about two kilometres road for N7.7 billion, just between Abalti Barracks and Costain. And without the construction of any bridge, the project was carried out by Julius Berger. This project must certainly be investigated.

5. Between January and June 2009, the Babatunde Raji Fashola Government claimed to have fuelled 225 vehicles in his office alone with N135 million. These figures amount to about N800,000 per day at a time that petrol was sold for N65 per litre. The Government always got fuel cheaper, but Babatunde Raji Fashola claimed to have bought it at N85 per litre.

6. Between January and June 2009, Babatunde Raji Fashola’s Chief of Staff and Personal Assistants expended N290 million in sending text messages and phone calls on their lines.

7. It is also very sad to know that the Babatunde Raji Fashola Government awarded the construction of a road and drains inside Gbagada General Hospital for over N1.8 billion to the same Tunji Olowolafe’s company (DEUX Projects Limited).

8. The sum of N1.5 billion of un-appropriated funds, without approval, was claimed to have been spent on the demolition of Oshodi.

9. The Helicopter Deal was a big fraud. The helicopter was not built for any kind of emergency evacuation, rescue or to even combat urban fire. Over N5 billion has been spent on the two helicopters. And the seal of Lagos State is not on it, and it is not even in Lagos but in the Niger Delta making money for some private people in Government. The whole helicopter deal stinks to high heavens; it constitutes the biggest governmental fraud of all times and confirms the rot in the State. See THISDAY December 19, 2009.

10. The Senior Special Assistant, SSA (Media) to Babatunde Raji Fashola spent N183 million in six months on press coverage and editors outside the approved budget but funded directly from the Governor’s Office.

11. In a State where children are sitting on the floor in classrooms, where unemployment is rampant and poverty pervasive, Babatunde Raji Fashola paid the wife of a controversial pastor over N600 million in two years for Christmas decorations for about six streets in Lagos.

12. In six months, between January and June 2009, Babatunde Raji Fashola spent monies on several faceless organisations, subventions, grants and donations such that they quickly pocketed N2 billion.

Most of these allegations were compiled by the True Face of Lagos, the same group that petitioned against Fashola to the House of Assembly and the EFCC. The Lagos State Government is under the proverbial microscope and the masses are watching wit rapt attention.
http://www.lestweforgetnaija.com/index.php/articles/item/120-tinubu-fashola-alpha-beta-and-the-taxation-rape-of-lagos

Nice writing

However, pro-transparency groups and opposition politicians have constantly alleged that Tinubu owned Alpha Beta even though his name is not on any of the company's documents

http://saharareporters.com/2020/10/08/revealed-how-bola-tinubu-used-osun-governor-oyetola-others-fronts-alpha-beta

Your other kabukabu rumor and gossip blogsite called SR also came up with their own Tinubu obsession rubbish today, but at least they did the most decent thing by acknowledging that Tinubu's name is not on any of Alpha Beta's company's documents, meaning Alpha Beta doesn't belong to Tinubu officially or unofficially, also meaning that it can not be proven in any court of law that Tinubu has anything to do with Alpha Beta.

@ Topic, with the disjointed and laughable achromatic display of innuendoes, conjectures and ignorant rubbish, even nollywood won't hire you to write comedy stories.

Just imagine, you admitted that you don't have any proof that the company belongs to Tinubu and his name is not on any records of the company, but you still write dumb and endless rubbish that the dumbest judge won't hesitate to throw out of court.

Lagos can't breathe. PA Iragbiji is sitting on her neck#SOS#