Tinubu, Alpha Beta N20Billion Racket: Counsel To Plaintiff Opts For Out-Of-Court Settlement

A former Managing Director of Alpha Beta Consulting, Dapo Apara, through his lawyer, is now seeking a possible way of settling his earlier suit against the All Progressives Congress (APC) leader, Bola Tinubu over alleged N20billion scam in Alpha Beta company.

The ex MD of the company, through his lawyer, had filed a suit, alleging that Tinubu ordered the transfer of over N20bn from Alpha Beta to some private business accounts.

The lawyer to the plaintiff, Mr. Ebun-Olu Adegboruwa (SAN) disclosed this before the High Court of Lagos State sitting at the Tafawa Balewa Square on Tuesday.

During the proceedings, Adegboruwa informed the court 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.

The court looked through its records and confirmed the position as stated by the lawyer.

The senior advocate then urged the court to grant more time for the parties to consolidate their settlement talks.

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.