Tax consultancy firm, Alpha Beta LLP, has accused its former Managing Director, Dapo Apara, of diversion of N6bn belonging to the company.
The Company denied the allegations levelled against it by the former Managing Director.
Apara had in a writ of summons before a Lagos State High Court accused the company of being controlled by a former Lagos State Governor, Bola Tinubu, and making mysterious payments of over N20bn to several private accounts.
Responding on Friday, however, Alpha Beta said in a statement by its Managing Director, Akin Doherty, that Apara was the one that was culpable as he had diverted about $5m during his time as managing director by inflating a contract which was worth about $300,000 and then diverted a separate N6bn to personal use.
The firm said it had reported Apara’s alleged fraud to the appropriate authorities but he had refused to show up and rather remained in Dubai.
Related Posts
In the statement titled, ‘Alpha Beta: Facts of the Matter’, the firm said Apara was an aggrieved ex-employee who was bent on tarnishing the image of the company after being sacked for financial impropriety.
It read in part, “The fact is that Dapo Apara began making his untrue allegations in the aftermath of his removal as Managing Director of Alpha Beta for fraud and unethical practices. While he was MD, Apara used his position to siphon huge sums of money from the company including but not limited to fraudulently converting $5m; money allegedly used to pay for cloud based services that were eventually discovered to be worth less than $300,000.
Mr. Apara, who was a signatory to all the bank accounts of Alpha Beta from inception until his removal, received all his payments and entitlements until June 2018 when he was removed after his fraudulent misconduct was discovered.
“In July 2018 further evidence of his fraudulent and unethical practices was uncovered, including the revelation that he converted approximately N6bn belonging to Alpha Beta to his personal use.
“This fraud was reported to the authorities and Mr. Apara was subsequently invited to return to Nigeria from his hiding place in Dubai to render account. To date, he has refused to do so. Instead, Mr. Apara chose to embark on an aggressive smear campaign seemingly in an effort to blackmail us into ending the investigations into his misconduct.”
DISCLAIMER : Opinion articles are solely the responsibility of the author and does not necessarily reflect the views of the publishers of ElombahNews!
Would you like to be receiving ALL Elombah.com links ‘On The Go’ on WhatsApp Or Telegram? If yes, join us here on WhatsApp or Telegram, or provide us your Telephone number via publisher@elombah.com or sms/inbox +2349050382526 and you are good to go!
DOWNLOAD The ElombahNews (Elombah.com) Mobile App Here
Send eyewitness accounts/ reports/ articles to publisher@elombah.com; follow us on twitter @ElombahNews; like our Facebook page: ElombahNews
For adverts & inquiries, call +447460770987, +2349050382526
You may be interested
Man murders neighbour six days to wedding, uses body for rituals after collecting ransom
admin - April 21, 2021Man murders neighbour six days to wedding, uses body for rituals after collecting ransom Posted by News Express | 21…

RELEASED: Names of university students kidnapped in Kaduna •Security guard killed during invasion
admin - April 21, 2021RELEASED: Names of university students kidnapped in Kaduna •Security guard killed during invasion Posted by News Express | 21 April…
Popular comedienne Mercy Cynthia Ginikanwa better known as Ada Jesus, has lost the battle…
admin - April 21, 2021Popular Comedienne Ada Jesus is dead Posted by News Express | 21 April 2021 | 184 times •Late Comedienne Mercy…