• Contact Us
  • About Us
Tuesday, August 25, 2026
  • Login
MetroBusinessNews
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate
No Result
View All Result
MetroBusinessNews
No Result
View All Result
ADVERTISEMENT
Home Economy

EFCC Arrests Ex-IFRS Boss Over Fraud Allegations Against Alpha Beta

metro by metro
November 2, 2020
in Economy
0
0
SHARES
0
VIEWS

The Economic and Financial Crimes Commission (EFCC) has arrested Babatunde Fowler, former Chairman, Federal Inland Revenue Service, ( FIRS) Babatunde Fowler for interrogation over N100 billion tax evasion allegations levelled against a tax firm, Alpha Beta Consulting.
Fowler, who was also a former Chief Executive Officer, Lagos State Internal Revenue Service, responded to an invitation from the EFCC on Monday, multiple sources in Abuja confirm.
“Fowler, the 2015 – 2019 boss of the Federal Inland and Revenue Service has today been arrested by the Economic Financial Crimes Commission (EFCC). – he is also a very close associate of All Progressives Congress National Leader, Bola Ahmed Tinubu, “ a source said

Controversy with Alpha- Beta

Read Also

Nigeria’s Inflation Falls To 15.43 As Worries On Food Prices Remain

ICPC Uncovers N24bn Ghost Workers Scandal, Official Puts 14 Family Members On Government Payroll

ECOWAS Targets $294bn Climate Finance Gap, Moves To Unlock West Africa’s Carbon Market

Last month, A former Managing Director of Alpha Beta Consulting, Oladapo Apara, alleged that former Lagos State governor and national leader of the All Progressives Congress, Bola Ahmed Tinubu, ‘suspiciously’ diverted N22,360,000,000 and $4,396,063 from the firm’s account to that of Vintage Press Ltd, publisher of The Nation Newspaper.

In writ of summons marked LD/7330GCMW/2020 deposed at a Lagos high court, Apara, who claims to own 30 per cent stake in the company, alleged that the former governor reneged on certain agreements reached in the past about the management and control of the consulting firm.

Although it could not be independently confirmed as st press time if the two cases are connected before the President’s refusal to renew Fowler’s tenure at the Tax office last year.

In fact, on August 8, 2019, President Buhari had queried Fowler for worsening tax revenues since 2015.

In the query signed by late Chief of Staff Abba Kyari, Buhari told Fowler: “Accordingly, you are kindly invited to submit a comprehensive variance analysis explaining the reasons for the variances between the budgeted collections and actual collections for each main tax item for each of the years 2015 to 2018.”

The query reads in parts,“In 2015, FIRS set N4.7 trillion target but was only able to make N3.7 trillion in the actual collection. In 2016, 2017 and 2018, the target collections were N4.2 trillion, N4.8 trillion and N6.7 trillion but the actual collections were N3.3 trillion, N4.0 trillion and N5.3 trillion, respectively.”

Fowler had begged for a second term in office in a letter addressed to Secretary to the Government of the Federation (SGF), Boss Mustapha.
The letter reads in part: “I wish to present myself for reappointment for a second term. This is consistent with the provisions of the FIRS Establishment Act 2007 and would grant me the opportunity to consolidate and build on the achievements we have recorded in the past four years.

“Please find attached the highlights of my achievements during my first tenure in office.

“I would like to put on record my gratitude to Mr. President for the opportunity to serve the nation. I am also thankful for your support in the course of the discharge of my duties. Please accept as always, the assurance of my highest regards.”

The letter was dated December 9, 2019–same day President Buhari announced his replacement.

Previous Post

Executive, Legislature Bicker Over Road Infrastructure

Next Post

Why 2021 Budget May Be Revised 

Related Posts

More Nigerians Go Hungry As Food Prices Soar beyond Average Consumers
Economy

Nigeria’s Inflation Falls To 15.43 As Worries On Food Prices Remain

August 17, 2026
ICPC Arrests NSCDC Deputy Commaandant Over Alleged N3bn Fraud
Economy

ICPC Uncovers N24bn Ghost Workers Scandal, Official Puts 14 Family Members On Government Payroll

August 13, 2026
Leadership Deficit And Political Crises Rocking ECOWAS Region
Economy

ECOWAS Targets $294bn Climate Finance Gap, Moves To Unlock West Africa’s Carbon Market

August 12, 2026
Debt Crisis Hits New Highs In Developing Nations, Relief Deal Needed, Says UN
Economy

Amid Rising Revenue FCT, Lagos, Rivers Aaccount For 43% Of Nigeria’s N4.52trn States’ Debt

August 10, 2026
Next Post

Why 2021 Budget May Be Revised 

Redefining Work For The AI Era

August 24, 2026

Rwanda Highlights Potential for Migration to Drive Jobs, Skills and Regional Growth: IOM Chief

August 21, 2026
UK Finance Minister Says Govt To Cut Cost By 15%

Democratic California State Legislator Wahab Wins US House Of Representatives Seat

August 21, 2026
MetroBusinessNews

© 2022 Metro Business News

Navigate Site

  • Contact Us
  • About Us

Follow Us

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Economy
  • Politics
  • News
  • Companies and Markets
  • Energy
  • Sports
  • Real Estate

© 2022 Metro Business News

Go to mobile version