Before the inauguration of Mr. Muhammadu Buhari as President on May 29,
2015, Bulet International Limited, a construction company owned by the
late Ismaila Isa Funtua was all but dead, merely gasping for breath
financially.
However, the tide turned in 2016 after Funtua effectively forged a cabal
in the Presidency made up of himself, the late Chief of Staff, Abba
Kyari and Buhari’s nephew Mamman Daura.
Between 2016 and 2019, according to bank documents obtained by our
reporter, the company has resurrected with curious cash inflows into its
Zenith Bank account number 1014544715, FCMB account number 134215012 and
Unity Bank account number 1603802***, thus turning its Plot 4 Shehu
Shagari Way, Maitama office into a beehive again.
Also profiting from his membership of the cabal is a tech company called
Buletz Systems Limited located at 11&20 Ahmadu Bello Way, Jos, Plateau
State. Its UBA account number 1018679268 received curious inflows in
2016.
Our reporter using inputs from the bank documents placed the cash
deposits into Bulet International within the period at over N20 billion.
For instance, in 2018 alone, Bulet via its Unity Bank account, received
cash inflows in multiple transactions of N200 million, N250 million,
N300m and N1.5 billion. In 48 bank deposit transactions, Bulet’s Unity
Bank account had attracted over N13 billion.
Recall that in December 2014, Bulet International (Nig) Ltd and its
Chief Executive, Alhaji Ismaila Isa Funtua had instituted a N100 billion
libel suit against Unity Bank Plc.
In the suit filed at a high court of the Federal Capital Territory,
Unity Bank was alleged to have tarnished the public image of both the
company and its Chief Executive by falsely claiming that the
construction company was indebted to it to the tune of N6.856 billion.
That was when Bulet was a struggling corporate entity mired in debt and
overdraft with many of its staff abandoning the company to seek greener
pasture elsewhere.
However, all that seemed a thing of the past as Bulet International has
fully transformed from illiquidity to a profitable venture warehousing
billions of naira in its account.
The new liquid profile of Bulet International suddenly started
reflecting in the lifestyle of the late Ismaila Funtua and his family.
The son of the Bulet Founder, Abubakar Isa-Funtua shook the nation’s
socio-economic landscape in December 2018 when he shipped into Nigeria
an exotic car, a Lamborghini Aventador, named after a famous fighting
bull from Spain, and valued at over $450,000. The automobile luxury only
for the wealthy including the Sultan of Brunei was flown into the
country in an Emirates jetliner.
The jaw-dropping viral video showing how the car was stylishly unloaded
from the aircraft got the Nigerian gossip mill and social media buzzing.
Abubakar, popularly called “Abu”, is married to Sefinat, President
Buhari’s daughter.
Ismaila Isa Funtua died of an alleged Cardiac arrest on July 20, 2020,
in Abuja.
