Suleiman Garba Bulkwang, the Director of Human Resources Management at the Rural Electrification Agency (REA), has been arraigned before Justice Joyce Abdulmalik of the Federal High Court in Abuja. He faces a five-count charge of fraud, criminal diversion of funds, and money laundering, amounting to a total of N223,412,909.
Count one of the charge alleges that Bulkwang, while serving as the Director of Human Resources at REA, advised Umaefulem Donatus Chibueze, the Managing Director of Cees Assist Resources and Brainstask Value Resources (consultants to REA), to transfer N138,123,969 out of the N279,330,000 paid to the consultants by REA. Bulkwang is accused of knowing that this sum constituted proceeds from unlawful activity, violating the Money Laundering Prevention and Prohibition Act of 2022.
Count two charges Bulkwang with indirectly converting N45,000,000, part of the funds paid by REA consultants to various companies, including Dammy Gold Programme Ltd, World Class Business, Green Haven Company, and De-Sam Rose – Base Ltd, for unlawful purposes. This, too, is alleged to be a violation of the Money Laundering Act.
Bulkwang faces serious legal consequences under sections of the Money Laundering Prevention and Prohibition Act, 2022, related to the diversion and conversion of illicit funds.