EXPOSED: How Tinubu Diverted N22.4bn, $4.4m From Alpha Beta To Vintage Press, Oando, Purchased Shares In Wema, Starcomms, HITV, Others

Aformer Managing Director of Alpha Beta Consulting, Oladapo Apara, has alleged that former Lagos State governor and national leader of the All Progressives Congress, Bola Ahmed Tinubu, ‘suspiciously’ diverted N22,360,000,000 and $4,396,063 from the firm’s account to that of Vintage Press Ltd, publisher of The Nation Newspaper.

In writ of summons marked LD/7330GCMW/2020 deposed at a Lagos high court, Apara, who claims to own 30 per cent stake in the company, alleged that the former governor reneged on certain agreements reached in the past about the management and control of the consulting firm.

SaharaReporters had earlier revealed how Tinubu used Osun State governor, Adegboyega Oyetola, as front for the establishment of the firm.

Other fronts used by Tinubu according to the former Alpha Beta boss are Olumide Ogunmola and Tunde Badejo.

In his statement of claim, Apara said during a review of the company’s account, he discovered that huge sums of money earned by the company over the years were not reflected in its account.

“The claimant avers that despite the huge income made by the 1st defendant since 2010 to the present, Tunde Badejo and Akin Doherty acting under the direction of the 2nd defendant (Bola Ahmed Tinubu) breached Clause 8 of the partnership agreement and denied the claimant his share of the profit from the partnership as provided in the agreement.

“The claimant avers that Messrs Tunde Badejo, Michael Olunride Ogunmola and Akin Doherty have colluded and conspired to run the affairs of the business in a manner designed to bankrupt the 1st defendant through suspicious monetary transfers to 3rd parties running into billions of naira contrary to the partnership agreement.

“The claimant avers that some of the suspicious transfers to 3rd parties amongst many others unknown to the claimant are as follows: N500,000,000 payment to SW8 Investment Ltd payment instruction dated the 30/12/13

“$2,989,963.33 USD payment to Summit Integrated Services Ltd dated the 18/3/15. $1,407,000 USD payment to Summit Integrated Services dated the 18/3/15. N25m payment to Haliziew International dated the 18/3/15.

“N39m payment to Halizview International dated the 3/3/15. N38m payment o Halizview International dated the 6/3/15. N550m payment to Ocean Trust Ltd dated the 15/5/18.

“N850m payment to Ocean Trust Ltd dated the 14/3/15. N1bn in Afkar Printing Press together with Vintage Press Ltd (publisher of the The Nation) and Lagoon Press Ltd October 2017. N1bn Ocean and Oil Investments Ltd (Oando) various times.

“N3.5m Oceanic Bank(Now Ecobank) various times. N100m.Ibile Holding Land (Plot 16/17 Block VI Oniru Estate. N500m Starcomms (Aranda Resources) 100,000,000 shares.

“N1.4bn Sterling Asset Management. N960m HITV 300,000,000 shares and N11.9bn SW8 (Wema Bank) 30,909,000 shares.”

Source: http://saharareporters.com/2020/10/09/exposed-how-tinubu-diverted-n224bn-44m-alpha-beta-vintage-press-oando-purchased-shares

SR don see food

ikorodureporta:
SR don see food

na season film. Eni duro wo tan.
I've been telling people Mr tinubu is diverting Lagos money for personal use. Lagosians are too advance for the project some villagers are applauding tinubus appointees for

Saharareporters should also tell us how he has diverted the brains and judgement of his supporters cos left for them let him continue with being in charge of anything he wishes to, just as he pleases. The average black man is foolishly loyal even at his/her detriment.

@ least, people dey benefit from him corruption, considering the number of his employees... unlike those ones wey keep our money abroad

ikorodureporta:
@ least, people dey benefit from him corruption, considering the number of his employees... unlike those one wey keep our money abroad

This slave mentality is very wrong. Except you are corrupt or brainless, you should see reasons why society should liberate itself from the hands of those who are greedy. How do you hail someone whose wealth is questionable and whose riches you will never enjoy from?

ikorodureporta:
@ least, people dey benefit from him corruption, considering the number of his employees... unlike those one wey keep our money abroad

I am still looking for a name to call you.

SmartProf:

This mentality is very wrong. Except you are corrupt, you should see reasons why society should liberate itself from the hands of those who are greedy. How do you hail someone whose wealth is questionable and whose riches you will never enjoy from?

ascek:


I am still looking for a name to call you.

I said @least-o! B4 dem go roast me here

From Sahara deserted...

ikorodureporta:
@ least, people dey benefit from him corruption, considering the number of his employees... unlike those ones wey keep our money abroad

Eim dey destroy life of the youth dey empower Lagos agbero.
Almost every Lagos student want to form sey dem get craze because that the people tinubu like. Those are the kind of people they give money. So we mobilize and act like tout and they settle during election time.
But this rubbish has to stop

Fantastically corrupt Burdillion bullion vans man.The corruption started a long time ago.So why will Tinubu award revenue collection contract to a company he has interest in as a sitting governor against the code of conduct for public office holders since his cousin Adegboyega Oyetola was a shareholder in Alpha Beta Company even if his share was later transferred to another proxy fella?

Fantastically corrupt

ikorodureporta:
@ least, people dey benefit from him corruption, considering the number of his employees... unlike those ones wey keep our money abroad

“The best argument against democracy is a five-minute conversation with the average voter.” - Winston Churchill

Nawa ooh, which way Nigeria?

If I call this man a criminal.....am not wrong in any way

The only difference between him and Evans is that Evans no be politician

Jail the criminal or else......

So Ribadu's men didn't see these until now that he is vice president?
Nigeria sha.

Ólé

Bulion van at work

Tinubus can of worms have always been consistently opened but the hypocritical anticorruption czar, buhari keeps turning a blind eye with the efcc and its cohorts.

Tinubu

Oleeeeeeoo

Barawooooooo

And some people will still vote this Tinubu as president ,
We are the one doing ourself in this contry

Like For Tinubu, Share For Tax Payers Money

THE same man PDP took him to ICPC when they were in power and at the end of it all they declared him not guilty on all corruption charges.
Naija for show!

FIRE ON THE MOUNTAIN ........................

#EDOISNOTLAGOS

ikorodureporta:
@ least, people dey benefit from him corruption, considering the number of his employees... unlike those ones wey keep our money abroad

So if I thief from you and use it to settle another set of people, you see it as justice right? Too much stupidity never gives an award

Chai... See one man embezzling public fund anyhow o...

Naija, which way..

Presidential ambition crumbling gradually

jagaban002:
And some people will still vote this Tinubu as president ,
We are the one doing ourself in this contry

Coming from someone called jagaban ...............

Part of the money was found in the bullion van... he is only rehearsing on how to divert public funds if he somehow finds his brown teeth at aso rock