In a series of daming revelation, a twitter user, Dapo Apara (@DapoApara) has released a series of tweet threads, alleging fraudulent practice by Alpha Beta Consulting, 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 Goverment since 2002, of which Alpha Beta earned 10%.
This amount is excluding FAAC and loans. He said Alpha Beta, in which he owns a 30% stake, has earned N150 billion over the period.
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.