Report reaching TOS TV, disclosed that a company in which Vice President, Yemi Osinbajo, has a stake in, Simmons Coopers Partners, has been linked to another firm, Ocean Trust Limited, which was fingered in an alleged N100 billion corruption scam, involving Alpha Beta Consulting Limited and Alpha Beta LP.
Recall, that Ocean Trust Limited, was accused of being a conduit pipe for the diversion and laundering of funds by Alpha Beta.
Investigation however, showed thatSimmons Coopers was listed in a document obtained at the Corporate Affairs Commission (CAC), as its Company Secretary.
Simmons Coopers was listed as a company in which Prof. Yemi Osinbajo (now Vice President), had a stake in his assets declaration form, in 2015.
In a petition submitted to the Economic and Financial Crimes Commission, in July 2018, Dapo Apara, the erstwhile Managing Director of Alpha Beta, had alleged that Alpha Beta owed the Federal Government N100 billion in unpaid taxes, spanning over 10 years, adding that, the firm usually laundered funds through another firm, Ocean Trust Limited. He alleged that the firm was being protected by powerful politicians.
The petition by Apara’s Lawyer, Adetunji Adegboyega, read in part: “Over the years, the company (Alpha Beta) has been protected and shielded by some powerful Politicians and people in the society, which made them to always boast of being untouchable.
“But our client, feeling the need not to keep quiet again, and strengthened by his belief in the fact that the government of President Muhammadu Buhari is keen on fighting corruption, which has been the bane of our country, is of the firm view that it is time to expose and open the can of worms called Alpha Beta Consulting.
“Our client is of the firm belief that it is time for the Commission to step in and conduct a holistic investigation into the activities of Alpha Beta Consulting Limited and Alpha Beta LLP, with a view to uncovering the massive corruption, money laundering, tax evasion, etc, going on in the company.
“Kindly note that one of the companies being used to perpetrate money laundering by the company, is still another company named Ocean Trust Limited.”