AlphaBeta Consulting LLP has reacted to an allegation of money laundering levelled against the company and its Managing Director, Mr. Akin Doherty by Mr. Dapo Apara, an ex-staff of the company.
In a swift response to the allegation, the company described the allegation as “the worst form of libel” and a desperate attempt by Mr. Apara to conceal and distract attention from his own wrongdoing and misconduct that led to his termination from the company.
“THESE ALLEGATIONS ARE FALSE AND WILLFULLY CONTRIVED TO TARNISH OUR HARD-EARNED REPUTATION AND TRACK RECORD”. – ALPHABETA CONSULTING LLP
Recall that in a series of damning allegation, a twitter user, Dapo Apara (@DapoApara) alleged fraudulent practices by Alpha Beta Consulting LLP, an internally generated revenue (IGR) consulting firm, which consults for the Lagos State Government.
Apara, who claimed to be the Managing Director and Chief Executive Officer of the company said that the consulting firm has generated about N1.5 trillion for the Lagos State Government since 2002, of which Alpha Beta earned 10%.
My petition to @officialEFCC
Will they investigate? pic.twitter.com/IesrkMA7NC— Dapo Apara (@DapoApara) September 6, 2018
The bone of contention, he said, is that the bulk of the monies earned by the consulting firm has been laundered to evade taxes and also to bribe government officials.
He further said that all these, even fake loans by the company, are documented through the banking system.
Apara also implicated Akin Doherty, a former Commissioner of Finance during the tenure of Bola Tinubu as Governor and one Tunde Badejo of Soft Alliance. He said Doherty has been falsifying and destroying records to cover up the alleged fraud.
AlphaBeta Consulting LLP said its records are open and available for audit, investigation and all compliance checks by regulatory authorities, noting that all actions taken for the state are clearly defined and governed by a valid contract.
AlphaBeta Consulting LLP was engaged by the Lagos State Government in 2002 as a forensic, Internal Control and Revenue Enhancement Advisor.
