EFCC arraigns REA director for alleged N223.4m fraud

The Economic and Financial Crimes Commission (EFCC) has arraigned the Director of Human Resources Management of the Rural Electrification Agency (REA), Sulieman Garba Bulkwang, before Justice Joyce Abdulmalik of the Federal High Court, Abuja for fraud. According to a statement on EFCCs official X page on Friday, Nov. 22, Bulkwang is being prosecuted on a five-count charge bordering on criminal diversion of funds and money laundering to the tune of N223,412,909 (Two Hundred and Twenty-three Million, Four Hundred and Twelve Thousand Nine Hundred and Nine Kobo). The statement reads: "He is being prosecuted on a five-count charge, bordering on criminal diversion of funds and money laundering to the tune of N223,412,909 (Two Hundred and Twenty-three Million, Four Hundred and Twelve Thousand Nine Hundred and Nine Kobo). "Count one of his charge reads: That you SULEIMAN GARBA BULKWANG, while being the Director of Human Resources Management of the Rural Electrification Agency, REA within the jurisdiction of this Honourable Court did counsel one Umaefulem Donatus Chibueze, the Managing Director of Cees Assist Resources and Brainstask Value Resources (consultants to REA) to transfer the sum of N138,123,969 (One Hundred and Thirty-eight Million, One Hundred Hundred and Twenty-Three Thousand, Nine Hundred and Sixty Nine Naira) out of the sum of N279,330,000.00 (Two Hundred and Seventy-Nine Million, Three Hundred and Thirty Thousand Naira) paid to the consultants by REA, when you knew that the said sun of N138,123,969.000000 constituted proceed of unlawful activity and you thereby committed an offence contrary to Section 21 (a) of the Money Laundering Prevention and Prohibition Act 2022 and punishable under Section 18(3) of the same Act. "Count two reads, That you SULEIMAN GARBA BULKWANG while being the Director of Human Resources Management of the Rural Electrification Agency (REA) sometime in July, 2023 in Abuja within the jurisdiction of this Honourable Court indirectly converted the sum of N45,000,000.00 (Forty Five Milion Naira) being part of the money cumulatively paid to the bank accounts of Dammy Gold Programme Ltd, World Class Business, Green Haven Company And De-Sam Rose Base Ltd by consultants to REA when you know that the said sum of N45,000.000 .00 constituted proceed of unlawful activity and you thereby committed an offence contrary to Section 18(b) (b) and punishable under Section 18(3) of the Money Laundering (Prevention and Prohibition) Act, 2022. "He pleaded 'not guilty' to all the charges after they were read to him and in the absence of defence counsel. "The prosecution counsel, Ekele Iheanacho, SAN prayed the court for a trial date and for the defendant to be remanded in a correctional center. "Justice Abdulmalik adjourned the matter till February 3, 2024, for the defendants bail application and ordered that he be remanded in Kuje Correctional Center."The post EFCC arraigns REA director for alleged N223.4m fraud appeared first on Linda Ikeji Blog.