Alpha-Beta Consulting LLP (“Alpha-Beta”) has taken note of recent publications by TheCable and Sahara Reporters alleging tax evasion and improper tax practices by the Company.
These allegations, the consulting firm has tagged as false, misleading, and malicious, hence, this statement this statement to set the record straight by Alpha-Beta
Reacting, the business firm said the allegations originate from one Mr. Segun Oluwasanmi, described as a disgruntled former employee, who exited the Company on 7 January 2025 following a documented history of misconduct, insubordination, and breach of internal standards.
“Significantly, Mr. Oluwasanmi raised no allegations for several months after leaving the Company. “His claims only surfaced later, coinciding with the period he was called upon to respond to outstanding criminal matters before the Lagos State Police Command, raising serious questions about the motive and timing of these accusations”
Alpha Beta mentioned further that there are reasonable grounds to suspect that he is acting at the instigation and inducement of persons with ulterior motives, as now clearly shown by his new found association and political alignments – including his self-identification as a “Comrade.”
” Notably, if he genuinely considered himself aggrieved in an employment-related matter, the appropriate and lawful forum would have been the National Industrial Court, which is constitutionally established to adjudicate disputes between employers and employees or former employees”
Alpha-Beta said its is also aware of a series of anonymous emails circulated to staff by individuals identifying themselves as “Concerned Staff & Citizens”, containing false and criminally defamatory allegations against the Company’s leadership and employees.
Based on similarities in timing, content, and narrative, Alpha-Beta claims it has reasonable grounds to believe these publications form part of a coordinated campaign of misinformation and intimidation.
“The allegation advanced is that Alpha-Beta engages in tax evasion. This assertion is false and stems from a mischievous interpretation of tax laws.
“Tax evasion is a criminal offence involving deliberate concealment or non-remittance of taxes due. Tax avoidance, by contrast, is a lawful and globally recognised practice of tax planning within the framework of existing laws”
Denying the allegations, Alpha-Beta registered that it does not engage in tax evasion, adding that it fully complies with Nigerian tax laws and adopts lawful tax-planning practices consistent with international best practice.
Alpha -Beta submitted that it has undergone routine tax audits by the Lagos State Internal Revenue Service for the 2018, 2019–2020, 2021, and 2022 assessment periods, all of which were successfully resolved.
In the statement issued by the management of Alpha-Beta, the firm said it’s ” 2023–2024 audit is currently ongoing, with the Company cooperating fully.
“For the avoidance of doubt, no regulatory or law-enforcement authority has made any adverse finding, determination, or indictment against Alpha-Beta in relation to tax evasion.
“Mr. Oluwasanmi’s conduct does not meet the legal or ethical threshold of whistleblowing, which requires good faith, accuracy, and lawful disclosure. What is at issue is bad-faith disclosure of confidential information, not whistleblowing”
Hinting that further malicious publications may follow, Alpha-Beta thus appealed to the public and media to disregard unverified claims and exercise responsible judgment.
“Alpha-Beta urges media organisations to uphold principles of fairness, balance, and verification before publishing allegations capable of causing reputational harm.
“Alpha-Beta remains committed to transparency, regulatory compliance, and ethical business conduct, and reserves all legal rights in respect of these false publications” the statement concluded.
