EFCC Deepens Tinubu Probe, Demands Asset Declaration Form From CCB

THE Economic and Financial Crimes Commission has deepened its
probe into All Progressives Congress stalwart, Bola Tinubu.

To this end, the EFCC has written a letter to the Code of
Conduct Bureau, requesting copies of Tinubu’s asset declaration
form.

A copy of the letter which was published by online news medium,
The Peoples Gazette, revealed that the investigation into Tinubu
began last year after the removal of erstwhile Chairman, Ibrahim
Magu.

The letter marked CR/3000/EFCC/LS/Vol4/322, dated November 6,
2020 was signed by the then Lagos zonal head, Abdulrasheed Bawa,
who is now the Chairman of the EFCC.

The letter read in part, “In view of the above, you are kindly
requested to furnish the commission with the outstanding requested
information of Bola Ahmed Adekunle Tinubu.

“This request is made pursuant to Section 38(1) and (2) of the
EFCC Act 2004.”

Attempts to speak with the EFCC Spokesman, Mr. Wilson Uwujaren,
proved abortive as he did not respond to calls.

However, a senior EFCC official confirmed the authenticity of
the letter, adding that it was part of a wider probe.

The official, who wished to remain anonymous, said the probe was
sequel to some petitions written against Tinubu since 2018 which
Magu had failed to act on.

The source said, “The letter is authentic. The EFCC is in
receipt of several petitions against Tinubu, including one
involving alleged fraud in Alpha Beta Consulting.”

A former Managing Director of Alpha Beta Consulting, Mr. Dapo
Apara, had written petitions to the EFCC, accusing the firm of tax
evasion and being run by Tinubu albeit by proxy.

Apara had also instituted a lawsuit against Tinubu.

In his statement of claim, he stated that Tinubu controlled the
company which was receiving 10 per cent of the taxes collected on
behalf of the state.

The former MD said as the head of the company, he began looking
into its finances and he made many startling discoveries such as
mysterious transfers of over N20bn to various companies.

He stated, “N550m payment to Ocean Trust Ltd vide payment
instruction dated the 15/5/18, N850m payment to Ocean Trust Ltd
vide payment instruction dated the 14/3/15.”

The claimant said N960m was spent on purchasing HITV’s
300,000,000 shares.

However, Alpha Beta Tax consultancy firm, Alpha Beta LLP, denied
allegations levelled against it by Apara, adding that 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 Economic and Financial Crimes Commission has deepened its
probe into All Progressives Congress stalwart, Bola Tinubu.

To this end, the EFCC has written a letter to the Code of
Conduct Bureau, requesting copies of Tinubu’s asset declaration
form.

A copy of the letter which was published by online news medium,
The Peoples Gazette, revealed that the investigation into Tinubu
began last year after the removal of erstwhile Chairman, Ibrahim
Magu.

The letter marked CR/3000/EFCC/LS/Vol4/322, dated November 6,
2020 was signed by the then Lagos zonal head, Abdulrasheed Bawa,
who is now the Chairman of the EFCC.

The letter read in part, “In view of the above, you are kindly
requested to furnish the commission with the outstanding requested
information of Bola Ahmed Adekunle Tinubu.

“This request is made pursuant to Section 38(1) and (2) of the
EFCC Act 2004.”

Attempts to speak with the EFCC Spokesman, Mr. Wilson Uwujaren,
proved abortive as he did not respond to calls.

However, a senior EFCC official confirmed the authenticity of
the letter, adding that it was part of a wider probe.

The official, who wished to remain anonymous, said the probe was
sequel to some petitions written against Tinubu since 2018 which
Magu had failed to act on.

The source said, “The letter is authentic. The EFCC is in
receipt of several petitions against Tinubu, including one
involving alleged fraud in Alpha Beta Consulting.”

A former Managing Director of Alpha Beta Consulting, Mr. Dapo
Apara, had written petitions to the EFCC, accusing the firm of tax
evasion and being run by Tinubu albeit by proxy.

Apara had also instituted a lawsuit against Tinubu.

In his statement of claim, he stated that Tinubu controlled the
company which was receiving 10 per cent of the taxes collected on
behalf of the state.

The former MD said as the head of the company, he began looking
into its finances and he made many startling discoveries such as
mysterious transfers of over N20bn to various companies.

He stated, “N550m payment to Ocean Trust Ltd vide payment
instruction dated the 15/5/18, N850m payment to Ocean Trust Ltd
vide payment instruction dated the 14/3/15.”

The claimant said N960m was spent on purchasing HITV’s
300,000,000 shares.

However, Alpha Beta Tax consultancy firm, Alpha Beta LLP, denied
allegations levelled against it by Apara, adding that 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.