Bola Tinubu, a stalwart of the All Progressives Congress, is the subject of a new investigation by the Economic and Financial Crimes Commission.
The EFCC has written to the Code of Conduct Bureau demanding copies of Tinubu’s asset declaration form in this regard.
According to a copy of the letter obtained by an online news outlet, The Peoples Gazette, the inquiry into Tinubu started last year following the resignation of former Chairman Ibrahim Magu.
The document, CR/3000/EFCC/LS/Vol4/322, dated November 6, 2020, was signed by Abdulrasheed Bawa, the then Lagos zonal head, who is now the EFCC Chairman.
“In light of the above, you are kindly requested to provide the commission with the outstanding requested details of Bola Ahmed Adekunle Tinubu,” the letter stated.
“Sections 38(1) and (2) of the EFCC Act 2004 apply to this order.”
Attempts to contact the EFCC’s spokesman, Mr. Wilson Uwujaren, were unsuccessful because he did not answer the phone.
However, a senior EFCC official confirmed the letter’s authenticity, adding that it was part of a broader probe, Punch reports.
The official, who wished to remain anonymous, said the probe was a 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 receives several petitions against Tinubu, including one involving alleged fraud in Alpha Beta Consulting.”
Apara had also instituted a lawsuit against Tinubu.
In his statement of claim, he stated that Tinubu controlled the company, receiving 10 per cent of the taxes collected on behalf of the state.
As the head of the company, the former MD began looking into its finances and 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.