A former Managing Director of Alpha Beta Consulting, Mr. Oladapo Apara, has filed a lawsuit against the firm, its current Chief Executive Officer, Akin Doherty and a former Governor of Lagos State, Bola Tinubu over the running of the company.
In the writ of summons marked LD/7330GCMW/2020 and filed at the Lagos High Court, Igbosere, Apara asked the respondents to appear within 42 days or judgment may be given in their absence.
The ex-Alpha Beta chief had in 2008 accused the company of N100billion fraud and indicted the All Progressives Congress (APC) national leader in a petition he forwarded to the Economic and Financial Crimes Commission (EFCC).
He also claimed that Tinubu boasted that the suspended acting Chairman of the EFCC, Ibrahim Magu, would protect him from prosecution.
The document read: “The 2nd defendant (Bola Tinubu) also warned the claimant not to even think of exposing his involvement in the financial affairs of the 1st defendant (Alpha Beta) to the EFCC as the then acting Chairman of EFCC, Ibrahim Magu, will always protect him (Tinubu).”
He also revealed how Alpha Beta was formed in 2002 during Tinubu’s tenure as governor of the state.
Apara said he came up with the idea of setting up a consulting firm to help the state government to track and reconcile taxes.
Tinubu, according to the claimant, accepted the proposal but gave many conditions for the establishment of the company.
The ex-governor later nominated Adegboyega Oyetola, who is the current governor of Osun State and one Olumide Ogunmola into the Alpha Beta’s board.
It added: “The claimant avers that following the presentation of his proposal to the Lagos State Government, the 2nd defendant (Tinubu) who was at the time the Governor of Lagos State demanded that 70 percent equity interest in the project be assigned to a certain Olumide Ogunmola before the 2nd defendant will approve the project.
“The claimant avers that he then met the said Olumide Ogunmola (who he had never met before) and it was agreed that a limited liability company be incorporated in which the claimant will hold 30 percent shares while Olumide Ogunmola and his partners will hold 70 percent of the shares of the company.
“The claimant avers that following the agreement alluded to above; Alpha Beta Consulting Limited was incorporated in 2002 with the following shareholders: Dapo Apara (30 percent), Olumide Ogunmola (40 percent) and Adegboyega Oyetola (30 percent).”