More problem for Tinubu as EFCC deepens probe, demands asset declaration form from CCB

The Economic and Financial Crimes Commission are now hunting All Progressives Congress stalwart, Bola Tinubu, as they wrote a letter to the Code of Conduct Bureau, requesting copies of Tinubu’s asset declaration form, NEWSCASTARS.COM learnt from The PUNCH.

A copy of the letter which was published by online news medium, The Peoples Gazette, shows that the investigation 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, the  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.”

A senior EFCC official who wished to remain anonymous confirmed the authenticity of the letter, saying that it was part of a wider probe saying it 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.

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.”

However, Alpha Beta Tax consultancy firm, Alpha Beta LLP, denied allegations saying 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.

Leave a Reply