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Monday, May 16, 2022

Tinubu, others seek out-of-court settlement in Alpha Beta N20 bln case

Parties to the case filed by a former Managing Director of Alpha Beta Consulting, Dapo Apara against a national leader of the ruling All Progressives Congress leader (APC), Bola Tinubu and the current Managing Director of the company, Akin Doherty, are seeking out of court settlement on the legal dispute.

According to the lawyer to Apara, Ebun-Olu Adegboruwa, the parties have begun discussions on a possible out-of-court settlement of the case filed by the ex-MD of Alpha Beta against Tinubu over allegation of the transfer of over N20 billion from the tax company to some private business accounts.

Last year, the ex-managing director ofAlpha Beta Consulting, Apara had filed a suit against Tinubu 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 also wtoe a petition to the Economic and Financial Crimes Commission accusing Alpha Beta of N100 billion tax fraud and 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.

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Adegboruwa, who revealed this while appearing before the High Court of Lagos State 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.

He said 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.

Adegboruwa informed the court that the parties and their counsel had met on several occasions with a view to resolving all the issues in controversy amicably and to this end, proposed terms of settlement had been exchanged, which might have explained the absence of the defendants and their counsel in court.

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

Justice Aishat Opesanwo subsequently adjourned the case till March 24, 2022.

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