2 Companies Linked To Tinubu, Ambode’s Aide Appointed Collectors Of Land Use...

2 Companies Linked To Tinubu, Ambode’s Aide Appointed Collectors Of Land Use Charge

Bola Tinubu, Olusegun Obasanjo, Muhammadu Buhari, Umaru Musa Yar ‘Adua
APC Chieftain, Chief Bola Tinubu briefing State House Correspondents after his meeting with President Muhammadu Buhari at the Presidential Villa in Abuja on Monday, Oct 30, 2017 | Callistus Ewelike/NAN

Two companies, linked with Bola Tinubu, All Progressives Congress, APC, leader, and  Lasisi Olalekan, the Special Adviser on Taxation to  Akinwumi Ambode, the governor of Lagos State, SaharaReporters  revealed this on Friday, March 30, 2018, that it was approved by law to collect the contentious Land Use Charge in Lagos State.

They are expected to handle the collection along with Alpha Beta, another company with links to Mr. Tinubu.

The 400 percent hike in the Land Use Charge, following an amendment of the law backing it, has provoked strident disapproval by the public. The disapproval became more intense after it was discovered that Alpha Beta, in which Mr. Tinubu is a major shareholder or the owner, was inserted as a collecting agent.

SaharaReporters investigations revealed that the two other collecting companies are Information Connectivity Solutions Limited, ICSL, and De Soffit Consults Limited. ICSL, SaharaReporters discovered, is a sister organization to Mr. Tinubu’s Alpha.

SaharaReporters searches at the Corporate Affairs Commission, CAC, showed that ICSL has two directors, Messrs. Abiodun Akinkunmi and Lanre Bankole.

Akinkunmi, a former Lagos State Finance Commissioner, was on the board of Alpha Beta while serving as commissioner,  a contravention of the  Code of Conduct for Public Officers.

The country’s  Public Service Code bars public office holders from working in private organizations. The code equally bars public officials from putting themselves in positions where personal interest could conflict with their duties and responsibilities.

Upon registration, SaharaReporters gathered, the shareholders of ICSL were Alpha Beta Consulting Limited with 4,999,999  shares and Mr. Tunde Badejo, who had just one share. To deflect suspicion, Alpha Beta transferred its shares to Connectivity Investment Holding Company, CIHC, and the Document of Transfer was filed at CAC on July 13, 2017. CIHC further transferred all its shares to ICSL on July 28, 2015.

The second company, De Soffit Consults Limited, with registration number RC 932446, has as one of its directors, Lasisi Olalekan,  the Special Adviser on Taxation and Revenue Matters to  Ambode.

According to documents from the CAC, Olalekan owns 40 percent equity in the company, while one Mr. Ogunlana Femi owns 30 percent. The remaining 30 percent is owned by one Lawal Olanrewaju.

The Lagos State governor appointed Olalekan as Special Adviser while holding the position of Managing Director of De Soffit Consults Limited.

Since assuming office as Special Adviser and up till date Mr. Olalekan functions as a director of De Soffit in contravention of the Public Service Code.

With his appointment of staff of privately owned companies, who refuse to relinquish their previous jobs, Mr. Ambode appears not to be interested in the violation of Code of Conduct for Public Officers and the conflict of interest of the officials involved.

Read more at SaharaReporters



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