Raleigh tax preparer charged with underreporting income for four years

rgallagher@newsobserver.comFebruary 22, 2013 

Segun Festus Ajibulu


— A man who ran a tax-preparation service in Raleigh faces four felony charges in which state Department of Revenue investigators say he understated his income and overstated his expenses for 2006 through 2009.

Segun Fester Ajibulu, 58, of 2229 Spring Hill Ave., also was charged with one misdemeanor count of failure to file a state tax return in 2010.

State revenue officials declined to discuss how much money the charges involved while the case is pending.

Ajibulu was being held at the Wake County Detention Center on $104,000 bail.

On the professional networking website LinkedIn, Ajibulu listed himself as chief executive officer of Mr. S Tax Services since 1998. But when he was arrested, Ajibulu told officials he is unemployed, according to an online arrest report.

Department of Revenue investigator Marla Bryant said in arrest warrants served Thursday evening that Ajibulu was employed by Mr. S.

According to various websites, Mr. S Tax and Accounting Service operated from a suite at 6508 Falls of Neuse Road and from 2105 Glassville Court, which Wake County records list as a single-family home owned by Stella Ajibulu.

In his entry on LinkedIn, Ajibulu is listed as having attended Federal Higher Technical College for Textile Industries in Vienna, Austria, from 1979 to 1983. He reports having a master’s degree in “business and public administration” from Southeastern University in Washington, D.C.

The Middle States Commission on Higher Education decided in June 2009 to cancel Southeastern University’s accreditation, and the school closed that year.

The Secretary of State’s office has no listing for a business called Mr. S Tax and Accounting Service, and the State Board of Certified Public Account Examiners’ online list of licensed Certified Public Accountants does not show Ajibulu.

Preparing tax returns does not require that one be a CPA , however.

It does list Segun Ajibulu at the Glassville Court address as the agent for a charitable organization called Oduduwa Heritage of North Carolina, whose charter filed with the office says it is “open to people of Yoruba ancestry (either by birth or marriage), regardless of age, sex or religion.” Yoruba is a West African ethnic group.

Gallagher: 919-829-4572

News & Observer is pleased to provide this opportunity to share information, experiences and observations about what's in the news. Some of the comments may be reprinted elsewhere in the site or in the newspaper. We encourage lively, open debate on the issues of the day, and ask that you refrain from profanity, hate speech, personal comments and remarks that are off point. Thank you for taking the time to offer your thoughts.

Commenting FAQs | Terms of Service