VP Osinbajo
Home Trending Story N100B Alpha Beta Scam: Osinbajo a victim of lies, malicious attack – ISD
Trending Story

N100B Alpha Beta Scam: Osinbajo a victim of lies, malicious attack – ISD

The Initiative to Save Democracy, ISD, Saturday said the latest media report linking Vice President Yemi Osinbajo’s firm to a company fingered in an alleged N100 billion Alpha Beta scam are all fabricated, pure fiction and outright lies.

The political group has accused The Punch newspapers of working with the opposition PDP to spread fake news and be mischievous.

“To think that three reporters and perhaps two editors sat down to deviously concoct a fake news against the Vice President is rather frightening, said Sunday James Akinloye, President of the group.

“Prof. Osinbajo has nothing to do with this old and stale matter, yet the paper used his name as the headline, trying so hard and desperatly to link him to it.”

“Is Punch saying that if the VP has stakes in First Bank, MTN or any other company he is responsible for the actions and inactions of such organizations? This is the worst kind of reporting particularly from Punch, a newspaper that is fully implementing PDP’s Dubai strategy. Nigerians and all people of goodwill are hereby reminded of the evil intentions behind the whole charade against the VP.


He said even though Punch Newspaper failed to establish any clear cut relationship between Vice President Yemi Osinbajo’s former law firm and Ocean Trust Limited, it still went on to publish the report.

“Let me state categorically that Simmon Coopers is not Vice President Yemi Osinbajo’s firm as alleged by Punch Newspaper. Even the skewed report stated that Simmons Coopers was listed as a company in which Prof Yemi Osinbajo (now Vice-President) ‘had’ a stake in his asset declaration form in 2015. The VP could not have continued with the firm and he resigned before he became VP. This is public knowledge.”

Mr. Akinloye then went on to explain that not only does VP Osinbajo have nothing to do with the law firm or its transactions; Simmon Coopers again has said it is not the Company Secretary. This is also in the public space.

“Our checks with Corporate Affairs Commission officials show that Simmon Coopers were never appointed Company Secretary instead there was a resolution to appoint Simmon Coopers but they were never appointed.

“Punch was handed fake documents which they published on their website. Anyone can go to CAC to verify the documents, they are completely fake claims. A paper submitted by a company to  CAC of its plans or intentions is not the same thing as a CAC document.  It is intriguing that Punch editors and reporters could not understand or comprehend this basic things.”

He pointed out that the inaccurate report by Punch tried to link the VP to a case he knows about. “This is what Punch Newspaper has become and it is no surprise that two of its editors were recently sacked for this poor sense of judgment and professionalism. We hope these reporters are served same treatment,” he said.

“Students of history, will be perplexed that the Economic and Financial Crimes Commission in July 2018 had investigated this matter, 7and the Vice President was not associated with the case in anyway.

He said the reporters who wrote the story, they have a track record of reporting falsehood especially against the VP, a part of the Dubai strategy.

“Nigerians still remember the fake news by Eniola Akinkuotu, one of the many lies on VP like “Osinbajo puts TraderMoni tour on hold” or Tobi Aworinde’s “Buhari return and sidelines Osinbajo” or “Tinubu, Ambode alleged feud puts godfatherism in the spotlight” where they all sought to malign the person of VP Osinbajo.

“This is unacceptable to attempt to link a man to an issue he has no business with and this is the way that Punch newspaper has been conducting itself for many years.

“Prof. Osinbajo is a man of integrity, he is a honest man who has served Nigeria in every way possible, the least he deserves is this kind of fake reportage. Nigerians must be weary of reports like this.”

This story is a clear malicious attempt to impugn the stellar credentials of perhaps Nigeria’s most influential & hardworking Nigerian VP, ISD noted, adding that such will not fail”

Related Articles

HighlightTrending Story

FCTA demolishes illegal oil refining warehouse in Mabushi, Abuja

The Federal Capital Territory Administration (FCTA) has discovered and demolished an illegal...

HighlightTrending Story

Procurement Phase for Port Harcourt Refinery 98% Complete – MD

The Managing Director, Port Harcourt Refining Company (PHRC), Mr Ibrahim Onoja, has...

HighlightTrending Story

Tinubu confirms Mrs Adepoju as Comptroller-General of Immigration Service

President Bola Tinubu has confirmed the appointment of Mrs Caroline Wura-Ola Adepoju...

EntertainmentTrending Story

Every woman possesses witchcraft’s spirit – HRM Ooni of Ife

The Ooni of Ife, Oba Adeyeye Ogunwusi, Ọjájá II, on Thursday played...

EntertainmentTrending Story

Rolling in style: Kizz Daniel hits 10 years on stage, treats self to new Rolls Royce Cullinan

Nigerian music sensation, Kizz Daniel, is in celebratory spirits as he marks...

HighlightTrending Story

2024 Appropriation Bill scales second reading at House of Reps

The House of Representatives on Thursday began debate on the general principles...

HighlightTrending Story

Nigerians worry more about rising prices of commodities, not budgetary arithmetic — Rewane

Renowned economist and Managing Director/CEO, Financial Derivatives Company Ltd, Mr Bismarck Rewane,...

EntertainmentTrending Story

Orezi counts losses after fire razed his house

Nigerian music star, Orezi, is currently grappling with the aftermath of a...

EntertainmentTrending Story

My dark moments almost made me quit music – Iyanya

Nigerian music sensation, Iyanya, has reflected on a tumultuous period that almost...

HighlightTrending Story

COP28: UN calls for cooperation, action to get humanity back on track

The Executive Secretary of the United Nations Framework Convention on Climate Change,...

SportsTrending Story

Onana blunders, leaves Man-U’s European aspiration in jeopardy

Manchester United’s struggles in Europe dipped further as they blew a two-goal...

Top StoryTrending Story

Ogun governor’s office accountant killed in bullion van attack, millions of Naira carted away

Robbers struck on Wednesday in Abeokuta, Ogun state capital, killing an accountant...

EntertainmentTrending Story

It’s over: The rise and fall of Pere-Mercy romance 

Former Big Brother Naija (BBN) housemate, Pere, has officially announced the end...

Oil & GasTrending Story

2024 budget: Oil benchmark fixed at $77.96, exchange rate of 750 to dollar

President Bola Tinubu on Wednesday announced an oil benchmark of $77.96 and...

HighlightTrending Story

2024 budget: Reps convene first budget town hall meetings for public input

The Speaker of the House of Representatives, Mr Tajudeen Abbas, has assured...

HighlightTrending Story

Nigeria’s debt may climb above $51.75bn as FG plans to borrow N7.8trn for 2024 budget deficit

President Bola Ahmed Tinubu said on Wednesday that his government will finance...

Top StoryTrending Story

2024 N27.5trn budget: Tinubu targets 3.76 % economic growth, N9.18trn deficit

President Bola Tinubu has presented a N27.5 trillion budget, tagged “Budget of...

HighlightTrending Story

Old, new Naira notes to co-exist till further notice, Supreme Court rules

The Supreme Court on Wednesday ordered that the old N200, N500, N1000...