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N20bn: Tinubu, Alpha Beta ex-MD Consider Out-of-court Settlement

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A former Managing Director of Alpha Beta Consulting, Dapo Apara, the All Progressives Congress leader, Bola Tinubu; and the current Managing Director of the company, Akin Doherty, have begun discussions on a possible out-of-court settlement following allegations 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), said 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.

Adegboruwa also 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.

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.

 

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Danish National Sentenced To Death For Killing Nigerian Wife, Daughter

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A Lagos High Court on Friday sentenced a Dane, Peter Nielsen, to death by hanging for killing his Nigerian wife and daughter.

Justice Bolanle Okikiolu-Ighile convicted Nielsen, 54, on two counts of murder brought against him by the Lagos State Government.

The judge sentenced Nielsen to death by hanging on both counts.

The Dane was charged with the death of his wife and singer, Zainab and their three-year-old daughter, Petra.

Lagos State Government accused him of smothering Zainab and Petra to death at 3.45am at No. 4, Flat 17, Bella Vista Tower, Banana Island, Ikoyi, Lagos State.

Nielsen was arraigned on June 13, 2018.

He pleaded not guilty to the two-count charge of murder contrary to Section 223 of the Criminal Law of Lagos State, 2015.

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Okada Ban: June 1 Deadline Won’t Stop Enforcement — Lagos Govt

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The seizure of commercial motorcycles by the Lagos State Task Force will continue, despite the June 1 deadline issued by Governor Babajide Sanwo-Olu for them to leave six Local Government Areas.

The six local governments are: Eti-Osa, Ikeja, Lagos Island, Lagos Mainland, Apapa and Surulere.

The deadline does not invalidate the provisions of the Lagos State Transport Sector Reform Law of 2018, which states that “no persons shall ride, drive or propel a motorcycle or tricycle on a major highway within the State, and any person in contravention of this provision commits an offence” and will be made to face the wrath of the law.

The Lagos State Task Force, led by CSP Shola Jejeloye, has continued to enforce the law. It seized 238 motorcycles in Lekki on Tuesday and Wednesday.

In Iba on Lagos-Badagry Expressway, where it was violently resisted today, the Task Force seized 195 motorcycles.

The riders were operating on highways and bridges in flagrant disobedience of the law because, according to them, they are free to ply unauthorized routes till June 1. This is wrong.

The February 1, 2020 directive has not been reversed. The enforcement was weakened by COVID-19, which affected all areas of life. Now, the action is being reinforced.

The government praises Lagosians who have come out to support the ban on commercial motorcycles in the six local government areas, which Governor Sanwo-Olu has described as the “first phase” of the action triggered by safety and security concerns.

 

Gbenga Omotoso

HC, Information and Strategy

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Inside Multi-Billion Naira Properties Linked To Suspended AGF, Ahmed Idris (PHOTOS)

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The Economic and Financial Crimes Commission (EFCC) says it has traced not less than 17 properties to Ahmed Idris, the suspended Accountant-General of the Federation, being detained over alleged N80 billion fraud.

Structure linked to Idris

The minister of finance and national planning, Zainab Ahmed, had on Wednesday, suspended Idris after following his arrest by the EFCC.

An official of the EFCC, who wished to remain anonymous, said the properties traced to Idris are located in Kano, Lagos, Abuja, Dubai and London.

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]

One of the structures linked to Idris

He, however, said preliminary investigations showed that the nation’s chief accountant allegedly used proxies to buy some of these properties. The commission would therefore need to invite some of the proxies of the accountant-general.

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]

Another building linked to Idris

The detective added that from all indications, these properties were purchased while Idris was in office and did not declare them before the Code of Conduct Bureau as stipulated by law.

“About 17 houses in London, Lagos, Kano, Abuja and Dubai have been traced to him. In Abuja, some of the houses are located in serviced estates,” he said.

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]

The EFCC had in a statement on Monday announced the arrest of the accountant-general for fraud to the tune of N80bn.

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]

The statement read in part, “The commission’s verified intelligence showed that the AGF raked off the funds through bogus consultancies and other illegal activities using proxies, family members and close associates. The funds were laundered through real estate investments in Kano and Abuja.”

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]

Another house allegedly owned by Idris

It was learnt that Idris came under scrutiny last year following allegations that he offered huge sums of money to a family in order to secure the marriage of their 16-year-old daughter.

This newspaper learnt that Mr Idris was still in EFCC custody as of the time of filing this report on Wednesday.

This newspaper also reliably gathered from sources with direct knowledge of the case that some assets believed to be proceeds of Mr Idris’ alleged unlawful activities have been traced.

The sources, who asked not to be named because they had no permission to speak about the case in the press, provided photographs of a sprawling edifice located in Kano allegedly linked to Mr Idris.

Our reporter gathered that the agency has obtained a court order for the arrest of more suspects linked to the alleged crime.

Operatives refused to reveal the identities of the suspects in order not to jeopardise investigations.

Inside the multi-billion naira properties linked to suspended AGF, Ahmed Idris [PHOTOS]

Structure linked to Idris

An EFCC official said the legal department was already getting an order to remand the accountant-general and get an interim forfeiture on some of his properties pending the completion of investigations.

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