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Ex-MD of Alpha-Beta Alleges Fraud, Tax Evasion as Court Summons Tinubu

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Oladapo Apara, former managing director of Alpha-Beta Consulting, has filed lawsuit alleging that the company has been diverting billions of naira from the coffers of the Lagos state government since 2002.

Ex-MD of Alpha-Beta Alleges Fraud, Tax Evasion as Court Summons Tinubu

Asiwaju Bola Ahmed Tinubu

This is coming as Bola Ahmed Tinubu, former governor of Lagos State, has been slammed with a law suit directing him to appear before the Lagos High Court within 42 days.

The writ of summons with no LD/7330GCMW/2020 deposed to at a Lagos high court on October 2, 2020 also alleged money laundering, tax evasion, forgery and a number of corporate fraudulent practices on the part of the company and its owners.

However, an official of Alpha-Beta who spoke with TheCable said the company was yet to be served the writ.

In a series of tweets in 2018, Apara had also alleged that Alpha-Beta had, using technology, generated N1.5 trillion from 2002-2018 for the state government.

He said the company earned 10 percent as commission and did not pay taxes.

In the writ of summons, Apara claimed that in 2000, he gave a proposal to Bola Tinubu, a national leader of the All Progressives Congress (APC) who was governor of Lagos from 1999 to 2007.

The idea was how to use better technology to track the state’s internally generated revenue (IGR).

Tinubu allegedly demanded that a 70 percent equity interest be assigned to Olumide Ogunmola and Adegboyega Oyetola, two people said to be his associates.

In the final sharing arrangement, Apara claimed Ogunmola was allotted 40 percent and Oyetola, who became governor of Osun state in 2018, was given 30 percent of the 70 percent allegedly demanded by Tinubu.

On the directive of Tinubu, Oyetola’s 30 percent, Apara further alleged, was transferred to one Tunde Badejo.

Following the agreement on all sides, Apara said he became a signatory to all the bank accounts, alongside the two shareholders whom Apara claimed were simply “holding trust for Tinubu”.

“After incorporation of Alpha-Beta Consulting Limited in 2002 and structured according to the dictates of the 2nd defendant (Bola Ahmed Tinubu), the 2nd defendant in his official capacity as the governor of Lagos state then approved that Alpha-Beta Consulting Ltd be awarded consultancy contract for the assessment and collection on behalf of the Lagos state government, all taxes and internally generated revenue (IGR) due and payable to the state at a 10% consultancy fee (subject to a benchmark which varies from time to time,” he said in court papers seen by TheCable.

APARA KICKED OUT

In 2010, three years after Tinubu had completed two terms as Lagos governor, Apara said the former governor directed that the incorporation structure of the company be changed from a limited liability company to a limited liability partnership under a newly promulgated Lagos law.

Tinubu, Apara said, had told him that the purpose of the change “was to further shield his (Tinubu) involvement in Alpha-Beta Consulting Ltd from public scrutiny”.

Subsequently, the limited liability partnership then took over the Lagos contract previously awarded to Alpha-Beta Consulting Limited.

Trouble began for Apara in 2014 when Tinubu allegedly directed that Ogunmola become the managing partner of the company and Apara as deputy managing partner.

The battle between Apara and Ogunmola went on till 2016 when Tinubu allegedly stopped Apara from reviewing the financial records of the company.

Tinubu then brought in Akin Doherty as managing director who took over and asked Apara to stay away from the company’s finances, Apare alleged.

Apara also alleged that Tinubu warned him not to think of exposing his involvement in the financial affairs of the company to the Economic and Financial Crimes Commission (EFCC) as Ibrahim Magu, the now suspended chairman of the anti-graft agency, “will always” protect him.

The accountant also accused Tinubu of threatening to use Lagos government agencies to harass and seize his assets.

‘ILLEGALLY OPERATING ALPHA-BETA BANK ACCOUNTS’

From 2018, Apara said, Tinubu, Badejo and Doherty colluded to operate Alpha-Beta bank accounts without his involvement as one of the signatories.

He said at one point, he suspected that his signature was forged to enable Tinubu and the others to operate the company’s accounts without him.

Despite the huge income made by Alpha-Beta since 2010, Apara claimed that to date, Badejo and Doherty, acting under Tinubu’s directive, “breached clause 8 of the partnership agreement and denied” him his share of the profit from the partnership as provided in the agreement.

He further averred: “Tunde Badejo, Michael Olumide Ogunmola and Akin Doherty have colluded and conspired to run the affairs of the business in a manner designed to bankrupt the 1st defendant through suspicious monetary transfers to third parties running into billions of naira contrary to the partnership agreement.

“The account review revealed large scale fraudulent transactions some of which are stated above and diversion of Alpha-Beta funds running into billions of naira by Tinubu.

“During the review of the account records of the company, huge sums of money that Alpha-Beta earned over the years was not reflected in the accounts of the company.”

Apara alleged that since 2014, the company has not kept proper financial records.

He said Badejo, when confronted, admitted that “the funds of the company have been mismanaged over the years including diversion funds for purported joint ventures purposes at the direction of and for the benefit of Tinubu”.

Apara, in the suit, among other prayers, asked the court to grant an order to trace all funds and assets due to him.

In a petition to the EFCC in 2018, Apara had accused Tinubu of using the company for money laundering and had diverted about N100 billion.

 

 


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E-Business

Kaspersky, AFRIPOL Strengthen Partnership in Combating Cybercrime

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To further enhance global efforts to combat cyber offenses, Kaspersky and AFRIPOL have signed a cooperation agreement in preventing and fighting cybercrime.

Covering a period of five years, the document formalises and facilitates cooperation between the company and the law enforcement agency in sharing threat intelligence data on the latest cybercriminal activities.

The landscape of cyberthreats in Africa has constantly been evolving, with the continent having been especially susceptible to industrial threats. The region, in particular, has the highest share of Industrial Control Systems (ICS) computers on which malicious objects were blocked by Kaspersky solutions, compared to other regions.

Africa’s vigorous cyberthreat environment requires enhanced collaboration of the parties concerned to safeguard against potential risks.

Strengthening the existing relationship between the two organisations, the agreement provides for enhanced data exchange on cyberthreats and cybercrime trends, with Kaspersky handing over such data to AFRIPOL for the further criminal intelligence analysis by the organisation.

Another aspect of collaboration includes the provision of assistance, know-how and technical knowledge in information security analysis by Kaspersky’s vastly experienced teams of experts.

The official signing ceremony took place at AFRIPOL’s headquarters in Algiers on November 18, with the agreement signed by Kaspersky founder and CEO, Eugene Kaspersky and AFRIPOL’s Acting Executive Director, Ambassador Jalel Chelba.

Kaspersky founder and CEO, Eugene Kaspersky, noted: “An effective fight against cybercrime is inconceivable without cooperation. Our company has always put collaborative effort first – sharing its expertise with the widest range of stakeholders: the security expert community, law enforcement agencies, and also the general public to empower them with knowledge about acute cyberthreats.

“Hence, by advancing our cooperation with AFRIPOL and by equipping the agency with both the information and technology required for responding to emerging cyberthreats, we hope to enhance our contribution in fostering greater cyber-resilience and a safer cyberspace for all.”

AFRIPOL Acting Executive Director Ambassador Jalel Chelba stated: “This agreement with Kaspersky represents a major step forward in strengthening Africa’s digital defenses.

By leveraging Kaspersky’s expertise and resources, we are not only enhancing AFRIPOL’s ability to counter cyber threats, but also contributing to the protection of a secure digital space for all African citizens.

This collaboration brings substantial added value to both our organisations: it strengthens AFRIPOL’s operational framework in combating cybercrime, while allowing Kaspersky to play a key role in the digital security of a strategically important continent in terms of cybersecurity. Together, we are taking a significant step towards resilience and digital trust in Africa, by mobilising the best of both partners.”

Kaspersky and AFRIPOL have a long record of joint cooperation projects. The two organisations have been active contributors to the assessment of the African threat landscape, while also being active participants in INTERPOL-led actions to disrupt cybercrime on the African continent, namely Africa Cyber Surge Operation and Africa Cyber Surge Operation II.

The two organisations have also been advocating for greater digital trust, with AFRIPOL having endorsed Kaspersky’s first Transparency Center in the African region in Rwanda. Learn more at the website.

 


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CNCF, Andela Partner to Train Over 20,000 African Tech Professionals

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The Cloud Native Computing Foundation® (CNCF®), which builds sustainable ecosystems for cloud-native software, along with Linux Foundation Education, the training and certification arm of the Linux Foundation, has partnered with Andela, home to the world’s largest private tech talent marketplace, to train 20,000 to 30,000 African technologists in cloud native basics to enable them to excel in jobs globally as cloud-native development grows.

The training—done at no cost to the participants—will begin next year and unfold over two to three years. Participants will have the opportunity to train for the Kubernetes and Cloud Native associate (KCNA) certification, which demonstrates a user’s foundational knowledge and skills in Kubernetes and the wider cloud native ecosystem, and the Certified Kubernetes Application Developer (CKAD), which certifies that users can design, build, configure, and expose cloud native applications for Kubernetes.

“This partnership showcases the global impact of CNCF’s education programs. By standardizing cloud native knowledge, developers across the globe can confidently work toward certifications that will enable them to land developer positions both within their own countries and globally,” said Chris Aniszczyk, CTO at the CNCF.

“By partnering with Andela, which has a long history of training technologists in Africa, we see great opportunity in providing our training to communities that may otherwise not have access. Together, we can create a win-win for companies that need workers and workers that need opportunities.”

According to Google’s Africa Developer Ecosystem Report 2021, the increased global demand for remote tech talent, which was accelerated by the pandemic, created more remote employment opportunities for African developers. Now, 38% of African software developers work for at least one company based outside the continent.

“We are excited to partner with CNCF to extend training and, ultimately, enhance job opportunities for African workers. The continent is emerging as one of the most important markets in the world.

“It has the fastest-growing population of developers, and its young workforce will be key to solving the tech talent shortage,” said Carrol Chang, Andela CEO. “Organizations are looking for talent with advanced skill sets like AI and cloud-native, and this particular skill set is a perfect addition to the Andela marketplace.”

Training participants will take six to nine months to achieve the KCNA and CKAD certifications and will be selected from Andela’s talent marketplace, which includes 150,000 technology professionals globally, with a large percentage from Africa. Andela’s talent marketplace in Africa spans 49 countries, including Nigeria, Kenya and Ghana.

The company fosters an active community for marketplace participants and has worked with numerous companies, including Google, Meta, Microsoft, AWS, and Nvidia, to train talent in technologies that offer vast workplace opportunities.

The need for cloud-native developers continues to increase and a recent study by CNCF revealed that almost 55% of developers landed a new job as a result of training and certification courses.

Almost 7 in 10 (67%) said it made them feel more engaged and fulfilled in their work. However, 8 in 10 (81%) also said cost prevented them from completing certifications.

“As a non-profit focused on growing open source and cultivating the IT talent needed to sustain it, partnerships – like this one with Andela – help us train and certify underrepresented groups, which is crucial to both our long-term success and amplify our impact,” said Clyde Seepersad, Senior Vice President and General Manager of Linux Foundation Education.


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E-Business

Breaking Barriers: QNET’s Product Expo Opens Doors for Nigerian Entrepreneurs

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QNET, a global lifestyle and wellness-focused direct-selling company, in partnership with Transblue Nigeria Ltd, hosted a successful Product Expo at Anchor Events Place, Ikeja, Lagos.

The event showcased QNET’s diverse product line, addressing misconceptions and empowering Nigerian entrepreneurs.

Mr. Akeem Ajisafe, Managing Director of Transblue Nigeria Ltd, emphasized the expo’s significance: “This is our opportunity to showcase our products, tackle misconceptions, and educate people about QNET’s direct-selling approach.”

QNET’s partnership with Transblue has yielded multiple workshops and exhibitions, promoting economic viability and youth empowerment.

Ajisafe highlighted the benefits: “QNET has contributed significantly to Nigeria’s tax revenue, and our programs teach entrepreneurship skills, enabling individuals to build their own businesses.”

Commander Mitchell Ofoyeju, Tincan Island Port Strategic Command, Lagos, praised QNET’s potential: “The product line is amazing, people-centric, and has great potential in Nigeria. It’s impressive, and I recommend it to young Nigerians.”

Ofoyeju emphasized QNET’s capacity-building opportunities: “This can generate wealth, increase productivity, and engage youth meaningfully, keeping them away from crime and illicit activities.”

The expo featured health products, luxury watches, jewelry, and educational materials, demonstrating QNET’s commitment to enhancing lives through innovative products.

As QNET continues to expand its presence in Nigeria, the partnership with Transblue is poised to empower entrepreneurs, promote economic growth, and foster a positive impact on Nigerian youth.


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