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How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta - Politics - Nairaland

Nairaland ForumNairaland GeneralPoliticsHow Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta (4340 Views)

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How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Nobody:
In other climes Tinubu will be in jail for nepotism and conflict of interest. However,Nigeria is not like other climes,were rule of law takes precedence despite the personality involved
Tinubu is the one in charge of all the revenue/funds in Lagos State in the name of his company Alpha Beta.He takes his percentage/commission from the revenue before it's even rendered to Lagos.
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.
The sole objective of Alpha-Beta is simply to allocate a sizeable portion of the Lagos IGR/taxes to Tinubu on a continuous basis. This manner of appropriation is at the heart and soul of corruption in Nigeria. If you do the number right - at N30b monthly IGR and 10% to Alpha Beta, you have N3b monthly to the company. Which consulting firm makes N3b on monthly basis in Nigeria, not even Mckinsey, Deloitte, Accenture or KPMG.
http://247ureports.com/bola-tinubus-alfa-beta-earns-n6billion-monthly-from-lagos-state-govt/
http://saharareporters.com/2009/05/17/dpa-praises-lagos-govts-publication-contracts-costs-frowns-n21-billion-monthly-commission
http://saharareporters.com/2012/12/14/petition-igp-urges-reopening-gani-fawehinmi-criminal-allegations-case-against-bola-tinubu
http://saharareporters.com/2011/04/07/video-area-governor-bola-tinubu-speaks-about-alpa-beta-acn-obj
http://saharareporters.com/2010/11/20/governor-fashola-spars-saharareporters-london-%E2%80%93-denies-tinubu%E2%80%99s-financial-windfall
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by jamace(m): 11:44pm On Apr 23, 2016
I know this govt will turn a deaf ear to this. Tinubu is a new creature.
Lets pray another party wins after PMB tenure so that there can be a return leg.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Nobody: 11:50pm On Apr 23, 2016
jamace:
I know this govt will turn a deaf ear to this. Tinubu is a new creature.
Lets pray another party wins after PMB tenure so that there can be a return leg.
Saraki is not the only thief in APC,there is a bigger one they are turning a blind eye who is above the law.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Kellzcold: 11:59pm On Apr 23, 2016
Lol
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Pidggin(f): 12:05am On Apr 24, 2016
Tinubu, the crafty, cunning personality.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Nobody: 12:17am On Apr 24, 2016

https://www.youtube.com/watch?v=gf4CqNCqAIA
Lagosians say hello to your landlord and slavemaster of your state.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Nobody: 12:32am On Apr 24, 2016
Kellzcold:
Lol
The only person laughing to the bank is jagaban.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Mynd44(mod): 4:37am On Apr 24, 2016
I hope you realize that this same ABC does tax consultancy for a nunber of PDP States(since President may 2015) and even Ghana yet you guys love to come here to post crap about the company when even the "opposition" to the fellow you claim own it also awards the same contracts to the company

Our Clients
Our target clientele are the major banks, large companies including multi-nationals, Government departments, parastatals and other indigenous companies in the manufacturing, oil and gas, finances and general service industries.
Our Clients
Lagos State Government
Kwara State Government
Nassarawa State Government
Akwa Ibom State Government
Abia State Government
Imo State Government
Kano State Government
Ondo State Government
Sokoto State Government
Abuja Environmental Protection Board
Enugu State Waste Management Authority
Enugu State Ministry of Environment and Mineral Resources
Ekiti State Government
Lagos Water Corporation
Airtel (Formally Zain)

The Republic of Ghana Operations :We have deployed our solution in some Municipalities and Assemblies in Ghana.These include Cape coast Metropolitan Assembly (CCMA), SeKondi Metropolitan Assembly(SMA), Shama District Assembly(SDA),Adentan District Assembly, Sunyani District Assembly and Kumasi Metropolitan Assembly
http://www.alpha-beta.net/clients.htm
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Nobody: 4:47am On Apr 24, 2016
Mynd44:
I hope you realize that this same ABC does tax consultancy for a nunber of PDP States(since President may 2015) and even Ghana yet you guys love to come here to post crap about the company when even the "opposition" to the fellow you claim own it also awards the same contracts to the company



http://www.alpha-beta.net/clients.htm
You are Nigerian and african so nepostism and conflict of intererst are alien to you. In western and developed deomocracies you go to jail for awarding a contract you have a vested interest,Alpha beta has corned Lagos State taxes commission right from when Tinubu was Governor. Why was'nt the contract given to PWC,KPMG,Deliotte or EY why Alpha Beta. With nepostism you don't get the best deal.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Nobody: 4:53am On Apr 24, 2016

https://www.youtube.com/watch?v=bWmCXufYHWw
Tinubu distributing crumbs in Boudrillion residence to Lagosian slaves he stole from.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Mynd44(mod): 4:55am On Apr 24, 2016
dutchassenboy:
You are Nigerian and african so nepostism and conflict of intererst are alien to you. In western and developed deomocracies you go to jail for awarding a contract you have a vested interest,Alpha beta has corned Lagos State taxes commission right from when Tinubu was Governor. Why was'nt the contract given to PWC,KPMG,Deliotte or EY why Alpha Beta. With nepostism you don't get the best deal.
In your quest to demonize a company you have also forgotten that if these allegations are true, states that are in other parties other than APC would not guve ABC consultancy contracts. Heck even the federal government under President Jonathan used this company for the city of Abuja.

As for vested interests, ask yourself if ABC has or has not done the job given to it. Look at the IGR of the state pre-ABC and post-ABC before then, please stop this pull me down atitude. Nigeria finally has a tax consultancy company that has a reputation for getting the job done a cross politics and religion, we should be proud
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Nobody: 5:02am On Apr 24, 2016
Mynd44:
In your quest to demonize a company you have also forgotten that if these allegations are true, states that are in other parties other than APC would not guve ABC consultancy contracts. Heck even the federal government under President Jonathan used this company for the city of Abuja.

As for vested interests, ask yourself if ABC has or has not done the job given to it. Look at the IGR of the state pre-ABC and post-ABC before then, please stop this pull me down atitude. Nigeria finally has a tax consultancy company that has a reputation for getting the job done a cross politics and religion, we should be proud
Did Alpha Beta win the contracts after a public tender?Did they propose a better offer than KPMG,EY,PWC or Deloitte.,no the conracts were not advertised and that is what is called corruption.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by SleekMallam: 5:14am On Apr 24, 2016
Tinubu is a 21st century political criminal. The amount of lawyers under him that helps cover his tracks is mind blowing. Amazing movement of a criminal gone legit.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by SleekMallam: 5:19am On Apr 24, 2016
dutchassenboy:
Did Alpha Beta win the contracts after a public tender?Did they propose a better offer than KPMG,EY,PWC or Deloitte.,no the conracts were not advertised and that is what is called corruption.
Some think Saraki is a thief while tinubu is a saint. We understand that Tinubu has cooked, re-cooked and doctored the books of Lagos state treasury with the help of 100 accountants and 12 senior advocates of Nigeria. Karma will catch up with everyone of them politicians.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by SleekMallam: 5:24am On Apr 24, 2016
Mynd44:
In your quest to demonize a company you have also forgotten that if these allegations are true, states that are in other parties other than APC would not guve ABC consultancy contracts. Heck even the federal government under President Jonathan used this company for the city of Abuja.

As for vested interests, ask yourself if ABC has or has not done the job given to it. Look at the IGR of the state pre-ABC and post-ABC before then, please stop this pull me down atitude. Nigeria finally has a tax consultancy company that has a reputation for getting the job done a cross politics and religion, we should be proud
Don't mind them Mr Neutral moderator. This is an attempt to tarnish the great image of the father of our great party APC.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Mynd44(mod): 5:25am On Apr 24, 2016
dutchassenboy:
Did Alpha Beta win the contracts after a public tender?Did they propose a better offer than KPMG,EY,PWC or Deloitte.,no the conracts were not advertised and that is what is called corruption.
You asked for a tender but then a random person who does not have any contacts in the LASG submitted a proposal to the government through the security at the governor's office last year was called for a 'Sit down' and is today consulting for the government in the Light Up Lagos project (it was shared on twitter).

Have you heard the story behind ABC's contract? Are you sure they saw a chance for the government and sent a proposal which the government saw and liked?

Why not also ask those other states, the Nigerian Federal Government and the Government of Ghana if they asked for a tender.

Ciao
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Nobody: 5:32am On Apr 24, 2016
SleekMallam:
Some think Saraki is a thief while tinubu is a saint. We understand that Tinubu has cooked, re-cooked and doctored the books of Lagos state treasury with the help of 100 accountants and 12 senior advocates of Nigeria. Karma will catch up with everyone of them politicians.
If Buhari falls out with Tinubu poltically and decides to probe him he will make Saraki look like a saint. He is the definition of corruption. Even ex-convict Bode George called him out for owning private jet and wondering why people consider him corrupt and give Tinubu a free pass.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by SleekMallam: 5:55am On Apr 24, 2016
dutchassenboy:
If Buhari falls out with Tinubu poltically and decides to probe him he will make Saraki look like a saint. He is the definition of corruption. Even ex-convict Bode George called him out for owning private jet and wondering why people consider him corrupt and give Tinubu a free pass.
Tinubu doesn't joke with his accountants and lawyers. He consults before his every moves. Only those lawyers and accountants hold the keys to unlocking the full details of Tinubu epic corruption. Tinubu would literally kiss buhari ass to be on his good books and then codedly work to remove buhari from power if Buhari refuses to play ball. Tinubu can even cut deals with PDP if it would guarantee him Lagos his kingdom.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by blackpanda: 6:00am On Apr 24, 2016
You these yeye desperado wailers sha.

If this is thru why didnt u prosecute him when u had the chance?? Dont come and make noise now, cos nigerians dont wanna hear your lies biko
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by opalu: 6:05am On Apr 24, 2016
I knew there will be renewed attacks on Tinubu. politricks
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by ednut1(m): 6:18am On Apr 24, 2016
the coy with all the revenue no even get their own office. they use a floor in water corporation house at ijora or so. they are actually doing a good job. bt i think d fees shud be reduced to 1-2%
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by Nobody: 6:29am On Apr 24, 2016
And the V.P is clamoring for more tax, so that Tinubu can be getting more milk from Nigerians..

I cant bliv a man of God can support corruption. .. na wa..
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by clevadani: 6:37am On Apr 24, 2016
Yet d PDP could not do anything to him 4 16years. U guys should stfu and blame ur hero 4 being highly incompetent
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by babyfaceafrica: 7:48am On Apr 24, 2016
Hahahaha...funny
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by philips70(m): 8:35am On Apr 24, 2016
ednut1:
the coy with all the revenue no even get their own office. they use a floor in water corporation house at ijora or so. they are actually doing a good job. bt i think d fees shud be reduced to 1-2%
And you believe the percentage and monthly figures bandied? If Tinubu makes such monies monthly, that is even if he is the real owner, sole owner of ABC, Bode George, Koro, Agbaje and even FFK will remain his boys today.
In this age of social media and highly compromised traditional media it's very easy to cook up stories.

Nevertheless there's nothing legally or morally wrong if he runs ABC and they have a job with Lagos state as long as they are doing the job excellently well. As someone else stated even PDP states are using them. I work in an establishment with a very high integrity stake worldwide, yet many of our suppliers and contractors are retired or resigned staffs. Key thing is laws and policies are not being shunted for you to compromise standards and you are delivering on your mandates. This I think is the reason other states employed their services. Yet there's nothing I see that suggests Tinubu is a multibillionaire.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by OrIandoOwoh(m): 8:40am On Apr 24, 2016
Tinubu, Obasanjo, Aregbesola, etc are saints! Don't touch them!

But touch Jonathan, Saraki, etc.. They are criminals...


Zombies... 2015-2016
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by 0955eb027(m): 9:37am On Apr 24, 2016
Oga op, take your case to CCT.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by fyneguy: 10:22am On Apr 24, 2016
ednut1:
the coy with all the revenue no even get their own office. they use a floor in water corporation house at ijora or so. they are actually doing a good job. bt i think d fees shud be reduced to 1-2%
That's not true. They have an office off Awolowo Road, Ikoyi.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by fyneguy: 10:24am On Apr 24, 2016
dutchassenboy:
If Buhari falls out with Tinubu poltically and decides to probe him he will make Saraki look like a saint. He is the definition of corruption. Even ex-convict Bode George called him out for owning private jet and wondering why people consider him corrupt and give Tinubu a free pass.
You are just blabbing.

Simple question: How did Tinubu armtwist governments of PDP states and the FG under GEJ to give ABC contracts? Ask yourself! how come PDP states also gave this company contracts?!
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by EmeritusMbaM: 10:36am On Apr 24, 2016
Mynd44:
I hope you realize that this same ABC does tax consultancy for a nunber of PDP States(since President may 2015) and even Ghana yet you guys love to come here to post crap about the company when even the "opposition" to the fellow you claim own it also awards the same contracts to the company



http://www.alpha-beta.net/clients.htm
Was about to post same, God bless you.
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by SleekMallam: 10:43am On Apr 24, 2016
EmeritusMbaM:
Was about to post same, God bless you.
Mba, howdy?
Re: How Tinubu Milks Lagos State Of N3-N6 Billion Monthly Through Alpha Beta by EmeritusMbaM: 10:46am On Apr 24, 2016
SleekMallam:
Mba, howdy?
Sleekalmajiri, I am doing good and you?
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