Alpha Beta Ex MD And Tinubu To Settle Case Out Of Court

Alpha Beta Consulting MD to seek out of court settlement for N20b case

The national leader of the APC, Asiwaju Bola Ahmed Tinubu and both the new Managing Director, Akin Doherty, and old Managing Director of Alpha Beta Consulting, Dapo Apara, have begun the process of settling out of court, following allegations that Tinubu ordered the transfer of over N20bn from Alpha Beta to some private business accounts.

 Mr Ebun-Olu Adegboruwa (SAN),the laywer to the plaintiff said this before the High Court of Lagos State sitting at the Tafawa Balewa Square on Tuesday.

It was that 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, while stating that the bailiff served Tinubu on November 24, 2021, at his No. 26 Bourdillon Road, Ikoyi, address through the courier service of DHL, also adding that an affidavit of service had been filed by the bailiff to confirm this position.

He also updated the court that the two parties 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.

 We recalls that Dapo Apara, Alpha Beta former Managing Director, filed a suit early last year seeking to hold the defendant, Tinubu, 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.

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