The Financial and Monetary Crimes Fee (EFCC) has arraigned Suleiman Garba Bulkwang, Director of Human Sources Administration on the Rural Electrification Company (REA), earlier than the Federal Excessive Court docket in Abuja over a five-count cost of alleged fraud and cash laundering amounting to N223,412,909.
This was disclosed in an announcement by the EFCC on its official x web page.
The EFCC accused Bulkwang of diverting public funds and fascinating in cash laundering by consultants and shell corporations.
One of many costs alleges that Bulkwang directed Umaefulem Donatus Chibueze, Managing Director of Cees Help Sources and Brainstask Worth Sources, to switch N138,123,969 out of a complete fee of N279,330,000 obtained from REA.
The cost states:
“That you simply, Suleiman Garba Bulkwang, whereas being the Director of Human Sources Administration of the Rural Electrification Company, REA, throughout the jurisdiction of this Honourable Court docket, did counsel one Umaefulem Donatus Chibueze, the Managing Director of Cees Help Sources and Brainstask Worth Sources, to switch the sum of N138,123,969 (One Hundred and Thirty-Eight Million, One Hundred and Twenty-Three Thousand, 9 Hundred and Sixty-9 Naira), understanding that the stated sum constituted proceeds of illegal exercise. You thereby dedicated an offence opposite to Part 21(a) of the Cash Laundering Prevention and Prohibition Act 2022 and punishable below Part 18(3) of the identical Act.”
One other cost revealed that N45,000,000 was not directly laundered by a number of corporations linked to the defendant.
Court docket proceedings
Bulkwang pleaded “not responsible” to all costs. Prosecution counsel, Ekele Iheanacho, SAN, requested a trial date and urged the courtroom to remand the defendant in custody, citing the absence of protection counsel.
Justice Joyce Abdulmalik granted the request and adjourned the case to February 3, 2024, for the listening to of the defendant’s bail software.
In the meantime, Bulkwang was ordered to be remanded on the Kuje Correctional Middle.
