EFCCA lleges ₦223 Million Fraud: Court Sends REA Director To Kuje Prison

Suleiman Bulkwang, the Director of Human Resources Management at the Rural Electrification Agency (REA), has been remanded at the Kuje Correctional Centre following his arraignment on charges of money laundering involving ₦223,412,909. Bulkwang appeared before the...READ MORE…

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Federal High Court in Abuja, where the Economic and Financial Crimes Commission (EFCC) filed five counts against him, accusing him of criminally diverting funds and engaging in money laundering activities.

The defendant pleaded “not guilty” to all charges.

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According to the EFCC, the charges include allegations that Bulkwang instructed Umaefulem Donatus Chibueze, Managing Director of Cees Assist Resources and Brainstask Value Resources (consultants to REA), to transfer ₦138,123,969 from ₦279,330,000 paid by REA to the consultants. Additionally, he is accused of converting ₦45,000,000, part of funds paid to bank accounts linked to REA consultants, knowing the money was proceeds of unlawful activity.

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The EFCC’s statement on X outlined the charges in detail, emphasizing the serious nature of the alleged offenses. Bulkwang faces charges under the Money Laundering Prevention and Prohibition Act 2022.

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Justice Joyce Abdulmalik, overseeing the case, adjourned the hearing until February 3, 2024, for consideration of Bulkwang’s bail application. In the meantime, he has been ordered to remain in custody at Kuje Correctional Centre.

The EFCC reaffirmed its commitment to combating financial crimes within public institutions.