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ALPHA BETA: The Un- celebrated Catalyst of Lagos Accelerated Development
In a few years time, I will, by the Grace of God, attain the biblical three scores and ten years age-wise. However, only twice have I witnessed in Lagos a crisis and carnage in the same proportion experienced last week.
First, I want to commiserate with the families and friends of those who lost their lives during the protest whilst wishing those injured a quick recovery.
The traumatic experience of last week is my motivation for writing this piece which is intended to caution political mis-informants and promoters of falsehood whom we should all be wary of and collectively condemn so that their unholy acts do not precipitate another crisis and carnage. Mis- information or falsehood instigates agitation with un-progressive and dire consequences.
Therefore, I have over the years developed the habit of conducting investigations on sensational news items or headlines in order to determine their veracity and consequently mould my decision or opinion on such issues. It is with my experienced investigative aptitude that I decided to focus today on the controversy surrounding the Lagos State Revenue Consultancy Firm called ALPHA BETA and ascertain the factual correctness or otherwise of the aspersions cast on the company.
There have been multiple written attacks on Alpha Beta.
The first, by a “Dr.” Bolaji Akinyemi who alleged that Alpha Beta is a conduit and in one paragraph stated the Firm is paid 10% commission of Lagos State tax revenue but only to state in the following paragraph that it is 15%. However, I would not delve into that as it has been thoroughly addressed by Dr. Akanni, a public affairs analyst in his subsequent article in which he described the self-acclaimed “Dr.” Bolaji Akinyemi’s statement as falsehood from an intellectually- ignorant Farmer with an unknown educational qualification whose stock- in- trade is mis- information conceived to satisfy the political or business interest of his paymasters.
The second, a group calling itself “The Concerned Lagos Youths” stated that Alpha Beta is paid N5Billion every month. My investigations revealed that the allegations is false and it is a mis- information as Alpha Beta’s commission varies per month and is computed monthly based on the Company’s verified contribution/performance to IGR for each month.
The third, Chief (Commodore) Ibiyinka Olabode George, the Atona Oodua of Yorubaland held a world press conference and claimed that he did not want to speak with any partisan badge but wanted to speak as an elder stateman and Atona Oodua of Yorubaland. Among other things, Chief Bode George said our Ethos and norms have broken down but he then went on to attack the person of Tinubu and followed by stating that Alpha Beta is a mysterious Company that has been collecting 15% of Lagos Tax Revenue and the company does not do anything to enhance Lagos StateTax Revenue but siphons trillions of Naira from the State coffers every year. He further stated that the State generates an IGR of N50Billion every month whilst N400Million is generated from the two toll gates daily.
As an investigative journalist, I embarked to unravel the veracity of these foregoing statements by the Atona (a person who leads others to the right path) of Yorubaland and found that Chief Bode George is actually Asina (a person who misleads others to the wrong path) of Yorubaland as he has mis-informed and misled not only the Yoruba people but all Nigerians and, indeed, the world by the many dishonest statements contained in his world press conference. Or how do we describe the actions of Chief George who at the commencement of the press conference said he would not be partisan but started by attacking Tinubu only for my investigation to reveal that Chief George has been obsessed with attacking Tinubu for the past 20 years.
If not because I am of Yoruba extraction and, therefore, respects Chief George as an elder in line with the dictates of our culture, from my findings, I would have described Chief (Commodore) Ibiyinka Olabode George as dishonest and misleading. Or how else would you describe a man who was “Landlord” in Kirikiri Prison for some years for contract splitting and inflated contracts as Chairman of Nigerian Ports Authority (Yes, the same Ports Authority that was burnt during the recent crisis and carnage) and who irresponsibly changes wives like one changes clothes – what moral justification does such a man have to guide or admonish anybody, especially the youths?
And now mis- informing Nigerians with easily detectable and illogical lies that Alpha Beta siphons trillions of Naira from Lagos State whereas the same Asina Bode George DISHONESTLY stated that Lagos State’s IGR is N50Billion per month (even though the average monthly IGR is about N35Billion) – Is N50Billion × 12 equals to NGN Trillions? Haba!!! Asina Bode George.
My investigation further revealed that his other allegations that Alpha Beta collects 15% of Lagos State Tax Revenue; that the two toll gates generate N400Million per day; that Alpha Beta does not do anything to enhance Lagos Revenue etc. are lies and mis- information conceived to re-ignite crisis in Lagos State specifically and Yorubaland in general.
Contrary to the lies and mis- information spread by Chief George, my investigation, supported by independent verification revealed the diverse resources deployed by Alpha Beta in executing their contract with Lagos State has over the years been critical to the accelerated growth of the State’s IGR and therefore resulted in the decisions of different Administrations in Lagos State over the years NOT TO CHANGE A WINNING TEAM – ALPHA BETA.
In addition to the over 500 quality staff members consisting of different professionals, Alpha Beta has provided complementary value added service to the State. Verified examples include but are not limited to:
Provision of products and services that help the government to capture data and bring more people into the tax bracket, automate billing and receipting for tracking and accuracy, reconcile accounts
Provision of database management support, reporting and analysis to aid decision making
Introduction of the first Electronic Tax Clearance Certificate in the state for taxpayers
Introduction of multiple channels of payment through strategic collaboration with banks, payment processors (PSSP, PTSP etc.) agent networks to ensure and aid convenient payment
Provision of interconnectivity between all the 50 Tax Stations and seventy three MDAs with wide area network (WAN) to aid online real-time communications and reporting amongst stakeholders
Development of the new tax administration system called (eTax) in collaboration with LIRS which enables online processing, brings more people into the tax bracket and increases the State revenue
Established a world class training center to train staff of LASG, collecting banks, agencies and MDAs on upgrades and continuous improvement of the system
Provision of value added customer service centers in nearly all the Tax Stations
Development of a suite of application for the tax revenue management of the Informal sector in conjunction with LIRS
Provision of automated revenue receipt through multiple channels as a verifiable proof of payment with security features to reduce errors and leakages, thereby promoting transparency and reliability
Provision of business advisory services to State Agencies leveraging research and data analytics to enhance policy development
Automation of major MDAs business processes to save costs, improve performance, eliminate manual processes and achieve seamless integration with centralised payment systems
Provision of IT equipments to support MDAs such as computers, printers, laptops, office appliances, internet connectivity, etc. to aid operations
Provision of logistical support for MDAs such as vehicles, support staff, fuel, training manuals, repairs and maintenance, etc. to enhance the quality of service delivered
Provision of an executive dashboard and report builder for senior management to enhance reporting and decision making
Corporate Social Responsibility initiatives that support Micro, Small and Medium Enterprise (MSME) Entrepreneurs in capacity building and scaling their business which leads to the economic development of the State
It is therefore not surprising that Lagos State in 2020 has significantly grown development-wise from what it was in 1999 (before Alpha Beta was contracted to manage the IGR) with now qualitative rapid expansion, galaxy of quality infrastructure, modern social services and phenomenal growth in commerce from which the neighbourhood of Chief Bode George in Victoria Island is a beneficiary, business-promotion urban renewal of Lagos Island, the world- class Lekki City, as well as the construction of two modern bridges and a general hospital in “Dr.” Bolaji Akinyemi’s Agege and many other modern developments highlighting the rapidly expanding landscape of Lagos State.
Of course, the obvious catalyst for these rapid developments and mordenisation of Lagos State which has now placed the Economy of the State fifth in Africa and home to over 21 Million people is the accelerated growth of the State’s IGR powered by the silent ALPHA BETA.
Finally in order to ensure that the foregoing development of Nigeria’ s and, indeed, West Africa’s Commercial nerve-centre is not further destroyed, Chief Bode George and his cohorts should without further delay be arrested for dishonestly inciting people into another crisis and carnage as well as investigated as a suspect for sponsoring the recent carnage in Lagos State.
Chief Emmanuel Olowogbowo, a Veteran Media and Communications Analyst wrote this piece from Ikeja, Lagos State, Nigeria
news
FCMB Limits Exposure in Fraud Attempt
More than ₦3 billion was targeted, but about ₦677 million reached the culprits, with recovery and prosecutions underway, reflecting how banks are responding to more sophisticated fraud risks.
Nigeria’s expanding digital banking sector is facing increasingly sophisticated fraud attempts, as financial institutions adapt to faster transactions and broader online services.
A recent case involving First City Monument Bank (FCMB), linked to fraudulent activity detected in December 2025, has drawn attention to how banks are responding to such incidents, with a focus on limiting exposure, recovering funds and working with law enforcement.
According to findings referenced in proceedings before the Lagos State Special Offences Court, the incident involved unauthorised transactions tied to a digital product. Early reports erroneously suggested more than ₦3 billion was lost. Subsequent clarification shows that over ₦3 billion was targeted, ₦2.4 billion was blocked and recovered, while ₦677 million got into the possession of the culprits. This outcome reflects the bank’s cyber security and monitoring capabilities, as well as improved collaboration among regulated financial institutions and with law enforcement agencies. Several suspects and beneficiaries have been apprehended, while recovery and prosecution efforts are ongoing, led by the Economic and Financial Crimes Commission (EFCC).
Proceedings at the Lagos State Special Offences Court have resulted in convictions, including that of a repeat offender, with restitution orders issued. Related matters are also being handled at the Federal High Court in Lagos, where additional suspects are being tried in connection with the scheme. This process is aimed at ensuring that bad actors are identified and permanently blacklisted from the financial system.
Authorities say recovery efforts are continuing as additional funds are traced.
Analysts note that the pace of legal action reflects closer coordination between financial institutions and enforcement agencies in addressing cyber-related financial crime.
The case comes as banks contend with more complex fraud methods, including social engineering and automated exploitation of system processes.
As digital products and platforms expand, so too does the risk associated with cyber-crime and related fraud.
“The scale of digital banking means risks are evolving alongside the systems,” said a Lagos-based financial analyst. “Institutions are now judged by how they manage these events.”
Observers say the sector is moving toward a stronger focus on response and recovery, rather than prevention alone.
This includes improving monitoring capabilities, strengthening transaction controls and enhancing collaboration with regulators and law enforcement. The FCMB case, with limited exposure relative to the amount targeted and ongoing recovery, reflects that shift.
For customers, the primary concern is the safety of their funds. In this case, there has been no indication of losses affecting customer deposits. Maintaining that level of protection remains central to sustaining trust in the financial system.
Nigeria’s financial sector continues to grow, supported by digital innovation and expanding access to banking services.
However, analysts say fraud attempts are likely to persist as systems become more complex and interconnected.
They say institutions will increasingly be judged not only on their ability to prevent incidents, but on how effectively they respond and recover when they occur.
news
Ex-APC Deputy Guber flag bearer, Joshua MacIver backs Tinubu, express fears over implosion in Bayelsa APC
….congratulates new State Party Chairman, Warman Ogoriba
APC Deputy Governorship Candidate in the 2023 general elections in Bayelsa State, Great Joshua MacIver has declared his total commitment to the re-election of President Bola Tinubu come 2027, declaring that the Tinubu re-election project is non-negotiable.
Great Joshua MacIver, in his statement titled ” BAYELSA APC CONGRESSES: GOING FORWARD, A CALL TO LOOK INWARDS” and made available to newsmen in Yenagoa, warned APC leaders in the state to look Inward and take note of certain factors which may hinder or cut short our victory.
According to Great Joshua MacIver, such noticeable pitfalls include the imbalance in the united front being put up by the State Governor,Senator Douye Diri among various political blocs in the state.
In the statement issued at the weekend. Great Joshua MacIver stated that “First, before His Excellency, Senator Douye Diri, joined the APC in the state, there were clearly two political blocs that made up the party, with the approximate population ratios of the blocs standing at 95% to 5%.”
“After the entrance of His Excellency, Senator Douye Diri, ONLY THE SMALLER BLOC IS BEING CARRIED ALONG IN THE AFFAIRS OF THE PARTY, leaving the greater percentage to their fate, and this situation has the potential to build anger and dissatisfaction in our dear party.”
” The consequence of this has been the high level defection we have witnessed in the party recently and we believe more may likely follow, if we do not put our house in order.”
” If we do not pull together as a party, we may witness a situation where we will lose key stakeholders, especially after the State and National Assembly Primaries as well the Gubernatorial Primaries.”
“Finally, while it is very clear that we are the party to beat in the 2027 elections and that our loyalty to Mr. President IS NON-NEGOTIABLE, we must make haste to say that we cannot afford to create situations or loopholes in our unity which will be exploited by other political interests in the state. We cannot afford to under-rate anyone.”
“Our core interest remains the re-election of Mr. President, a project to which we have committed our all. We also pledge our total loyalty to the party as we have no alternative to the APC. However, our concern is that we must, as a party, look inwards and ensure that we do not create loopholes that can impede our common goal.”
Great Joshua MacIver, however congratulated the newly elected State Executives of the APC in Bayelsà State led by Hon. Warman Ogoriba, saying their emergence is welcomed at this critical time in our national history.
news
How Primate Ayodele Foretold Borno Suicide Bomb Attack A Few Weeks Ago (VIDEO)
At least 23 people were killed in a series of suspected suicide bombings, police in Nigeria’s northeastern city of Maiduguri said on Tuesday.

https://www.stanbicibtcbank.com/nigeriabank/personal/products-and-services/all-loans/stanbic-ibtc-mreif-home-loans
More than 100 other people were injured in the blasts that took place on Monday evening in the capital of Nigeria’s restive Borno state.
No group has claimed responsibility for the suspected attacks.
The deadly blasts come after a military post was attacked overnight Sunday to Monday, which authorities blamed on suspected Islamist militants.
This sad incident is coming barely two weeks after Primate Elijah Ayodele, the Leader of INRI Evangelical Spiritual Church specifically warned against attacks in some states. He mentioned these states while calling on security operatives to pay close attention to them.
These were his words:
“Another attack is coming up in these following states where the military must watch carefully and intelligently; Kano, Kaduna, Zamfara, Kebbi, Niger, Borno, Kwara and Kogi state. They want to do a deadly attack, it’s preventable but it depends on how they will handle it. I have told you about the danger coming up.”
@primateayodele
Unfortunately, some of our military agencies don’t believe spiritual intelligence can save the country from so much danger hence, their neglect of this prophetic warning but now, it has been fulfilled with the miliary losing credibility by the day while Primate Ayodele continues to gain momentum.
Likewise, At least 26 passengers and crew sustained varying degrees of injuries on Monday following an accident involving the Kaduna–Abuja train, according to the Nigerian Railway Corporation (NRC).
Opeifa explained that the train departed Rigasa in Kaduna at 7:15 a.m. and was approaching Asham station around 9:16 a.m. when a loud bang was heard after the power car and trailing locomotive collided with one of the passenger coaches.
In July 2025, Primate Ayodele asked nigerians to pray not to see train mishap on the Kaduna-Abuja route.
@primateayodele #nigeriantiktok🇳🇬 #fulfillment #train #abuja #primateayodele
“Let’s pray not to see train mishap in Abuja-Kaduna, Kaduna-Abuja route.”
This has also been fulfilled.
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