A Chartered Accountant, Oladapo Apara, has sued a tax Consultancy firm, Alpha-Beta Consulting Limited over unpaid N18bn share profit.
Alpha-Beta was sued before a Federal High Court in Lagos, over alleged refusal of the firm, to pay him N18 billion, being the total sum of his share profit, for the period he worked with the firm.
Apart from the said alleged unpaid share profit, Oladapo, who claimed in his petition against Alpha-Beta, claimed to have worked with the tax collecting firm between 2002 to 2010
He alleged that he was forcefully disengaged from the firm, when he persistently asked for his share profit from the firm that earned sixty billion naira as his consultancy fee from Lagos State government between the period of 2002 to 2010.
Consequently, the Chartered Accountant is seeking an order of the court compelling Alpha-Beta and its directors to pay him N18 billion, as his annual share profit and other sums adjudged due to him in the firm, from the January 1, 2002 to June 2010.
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He is also seeking an order of the court directing Alpha-Beta and its Directors to acquire the six million naira shares he held in firm, upon the proper valuation of same by a reputable Chartered Accounting Firm.
And an order directing the firm and its Directors to pay him (who holds 6 million Ordinary Shares in the Company), his annual share profit and other sums adjudged due to him from June 21, 2010 to the present.
He further asked the court for a declaration that his forceful from the management of Alpha-Beta by the other Directors of the Company, a Company in which he holds six million ordinary shares of the company is unfair, prejudicial and against his interest as a shareholder and Director in the company.
The Chartered Accountant, who is also a Tax Consultant, said his petition against Alpha-Beta Consulting Limited, is pursuant to Sections 310 and 311 of the Company and Allied Matter Act, 1990, and Order 5 of the Federal High Court, Civil procedure rules 2010.
Oladapo stated in the petition that sometime in 2000, he solely prepared and presented a proposal to the Lagos State Government on the need to provide consultancy Services to the State using his firm, Infiniti Systems Enterprises, in deploying proper application of computerisation and the networking of all revenue collection points in the State including the commercial banks to track, reconcile and boost the Internally Generated Revenue (lGR) of the State.
He states that after series of meetings With Lagos State Government officials, he was then invited to see the then Executive Governor of Lagos State to further discuss his proposal and it was suggested to him by some of the then Lagos State Government officials that certain People would hold share equity in the company to be incorporated for and On behalf of some individuals in the State.
