N20 Billion: Tinubu and Alpha Beta’s former MD discuss an out-of-court settlement

N20 Billion: Tinubu and Alpha Beta’s former MD discuss an out-of-court settlement

by Arikawe Femi
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Following allegations that Tinubu ordered the transfer of over N20 billion from Alpha Beta Consulting to some private business accounts, Dapo Apara, the All Progressives Congress leader Bola Ahmed Tinubu, and the current managing director of the company, Akin Doherty, have begun discussions on a possible out-of-court settlement.
Mr. Ebun-Olu Adegboruwa (SAN), the plaintiff’s lawyer, stated this before the Lagos State High Court sitting at the Tafawa Balewa Square on Tuesday.
During the hearing, Adegboruwa informed the court that the court bailiff had followed the order issued on November 2, 2021, for substituted service of all court processes on Tinubu. 
The bailiff served Tinubu on November 24, 2021, at his residence, according to Adegboruwa.
Adegboruwa added that the bailiff served Tinubu at his No. 26 Bourdillon Road, Ikoyi, address by DHL courier service on November 24, 2021, and that the bailiff had filed an affidavit of service to confirm this position. 
The court looked through its records and corroborated the lawyer’s assertions. 
Adegboruwa also informed the court that the parties and their counsel had met on several occasions with the goal of amicably resolving all of the issues in dispute, and that proposed terms of settlement had been exchanged to that end, which could explain the defendants’ and their counsel’s absence from court. 
The senior lawyer then begged the court to give the parties more time to consolidate their claims.
The senior lawyer then begged the court to give the parties more time to finalize their settlement negotiations. 
The case was then delayed by Justice Aishat Opesanwo until March 24, 2022. 
Apara filed the lawsuit early last year, claiming that the defendants were responsible for financial transactions in Alpha Beta. 
Tinubu controls Alpha Beta, a tax consulting agency with exclusive rights to monitor and generate revenue on behalf of the Lagos State Government, according to the action brought by Adegboruwa on behalf of Apara. 
Apara, who accused Alpha Beta of N100 billion in tax fraud in a petition to the Economic and Financial Crimes Commission in 2018, urged the court to order the firm to pay him his entitlements, even as he claimed Tinubu was the one who got him fired for examining the firm’s finances. Apara, who accused Alpha Beta of N100 billion in tax fraud in a petition to the Economic and Financial Crimes Commission in 2018, urged the court to order the firm to pay him his entitlements, even as he claimed Tinubu was the one who got him fired for examining the firm’s finances.

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