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Ex-MD of Alpha Beta Just Submitted a File to the EFCC On the Corrupt Practice of Tinubu — Daniel Bwala

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The war of words between the camps of the presidential candidates of the ruling All Progressives Congress (APC), Bola Ahmed Tinubu, and the main opposition Peoples Democratic Party (PDP), Atiku Abubakar, over allegations of corruption continues to rage, with each camp digging deep to outdo the other by smearing as much mud as possible with disclosures of corrupt practices against the other.

To this end, a spokesperson of the Atiku/Okowa Campaign Organization, Daniel Bwala, has disclosed that the former Managing Director (MD) of Alpha Beta Consulting, a tax consulting firm that has exclusive rights to collect revenue on behalf of the Lagos State Government, has submitted an incriminating document on Tinubu regarding his dealings with the company as the Governor of Lagos State, to the Economic and Financial Crimes Commission (EFCC).

Bwala spoke on Arise TV’s The Morning Show.

Recall that a few days ago the Tinubu camp had accused Atiku of corruption.

Bwala pointed out that Tinubu’s camp is toiling so hard to avert the storm that is to come as a result of that incriminating evidence by throwing out spurious allegations against his principal to distract attention from Tinubu’s case.

He added that a group of lawyers are about to petition against Tinubu’s candidacy over mismanagement of funds and have enough evidence to back up their petition.

He said:

“This whole story that they are bringing in is a bid to cover up for what is about to come. And it is about an existing investigation in EFCC.

The former managing director of Alpha Beta just submitted a file to the EFCC about the corrupt practice of Asiwaju Bola Ahmed Tinubu, the flag bearer of the All Progressive Congress.

And in that petition, he outlined criminal activities that if the EFCC is to act upon it today, Asiwaju will be arraigned in Court.
As people with knowledge of the law, we are not even saying they should arrest him because firstly they must investigate. And that is why they are trying to distract Nigerians from the main issue that is coming.”

Bwala’s allegations are not new. They are common knowledge.

The former MD of Alpha Beta Consulting, Dapo Apara, had in 2018 petitioned the EFCC to investigate Alpha Beta for N100bn tax fraud and alleged that Tinubu got him sacked for investigating the firm’s finances.

Apara also filed a suit in the court alleging that Tinubu controls Alpha Beta and had ordered the transfer of over N20bn from the firm to some private business accounts.

However, the parties to the case later opted for an out-of-court settlement.

It is there not clear from Bwala’s disclosures whether Apara submitted a fresh petition to the EFCC.

What do you make of this public altercation between these two candidates?

Tags: Nigerians, Peoples Democratic Party, Financial Crimes, All Progressives Congress, EFCC, Lagos State

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JUST IN: IMF ask CBN to extend Feb 10 deadline for old naira notes

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By Francesca Iwambe

The International Monetary Fund (IMF) has advised the Central Bank of Nigeria (CBN) to extend the February 10 deadline for the use of old naira notes if the difficulties in getting new notes persist.

According to the IMF, the call become necessary as the development had led to the disruptions to trade and payments due to the shortage of new noted in the bank.

The call was contained in a statement made available to journalists on Wednesday.

“In light of hardships caused by disruptions to trade and payments due to the shortage of new bank notes available to the public, in spite of measures introduced by the CBN to mitigate the challenges in the banknote swap process, the IMF encourages the CBN to consider extending the deadline, should problems persist in the next few days leading up to the February 10, 2023 deadline,” the statement reads.

Tags: International Monetary Fund, IMF, Nigeria, Central Bank, CBN, Central Bank of Nigeria

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BREAKING: Supreme Court suspends February 10 deadline for naira swap

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By Francesca Iwambe, Abuja

The Supreme Court of Nigeria has restrained the Central Bank of Nigeria (CBN) and Federal Government from ending the legal tender statuses of old N200, N500 and N1000 banknotes on February 10, 2023.

The apex court made the order following the suit filed by three State governments challenging the Naira swap policy.

Recall that governments of Kaduna, Zamfara and Kogi States had approached the Supreme Court seeking an order to stop the policy.

Naijablitznews.com will bring you more details shortly

Tags: State, Kogi, Central Bank of Nigeria, Federal Government, Nigeria, States, Supreme Court, Central Bank

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CBN captures more Communities as currency swap is continuous in Taraba

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Emmanuel Awari-Jalingo

The Central Bank of Nigeria (CBN), on Friday extend her currency swap exercise to more Communities of Yorro, Ardo-Kola and Ibi local government areas of Taraba state.

The Director Financial System Strategy, Central Bank of Nigeria, Ibrahim Hassan who disclosed this to our correspondent in Jalingo said, the development was in continuation of the CBN initiative targeted at ensuring that all rural dwellers in Taraba have their old naira notes swapped to new ones or deposited in banks before the extended CBN deadline for currency swap.

Hassan noted that the currency Swap Initiative was to help save communities who do not have access to bank, swap their old naira notes to the new notes.

“Just as we have been doing to ensure that people in the rural Communities of Taraba who do not have access to Bank have their old naira notes swap to new ones. CBN delegation have been drafted to more Communities of Yorro, Ardo-Kola and Ibi local to ensure success of the initiative.

“CBN delegation for Yorro is led by Mr Jackson Imandi, the Deputy Director, the one Ardo-Kola is led by Mr. Kazeem Olatinmu while the one in Ibi local government is been led by the CBN Head of Banking Services in Taraba State, Hayatu Yahaya Shehu to ensure the villagers gain advantage of the Ten days extension for the currency swap” Hassan explained.

When contacted, the chief of Mumuye in Yorro local government, Ado Adamu Manang, that of Ibi, Abubakar Salihu Danbaw and some beneficiary of the exercise in Ardo-Kola local government, Mohammed Musa, Hafsatu Babangida and Isa Mahmud, commended the central Bank of Nigeria for the exercise as it was the best for villagers and promised to help create massive awareness for people to swap their old naira notes to the new ones.

According to them, businesses were already collapsing as people were no longer accepting the old naira notes even before the extended window.