{"id":77273,"date":"2020-12-10T16:18:21","date_gmt":"2020-12-10T15:18:21","guid":{"rendered":"http:\/\/pointblanknews.com\/pbn\/?p=77273"},"modified":"2020-12-10T16:28:45","modified_gmt":"2020-12-10T15:28:45","slug":"how-ismaila-funtua-bulet-international-son-profited-in-billions-of-naira-from-presidency-cabal","status":"publish","type":"post","link":"https:\/\/pointblanknews.com\/pbn\/exclusive\/how-ismaila-funtua-bulet-international-son-profited-in-billions-of-naira-from-presidency-cabal\/","title":{"rendered":"How Ismaila Funtua Bulet International, Son, profited in Billions of Naira from Presidency cabal"},"content":{"rendered":"<p>Before the inauguration of Mr. Muhammadu Buhari as President on May 29,<br \/>\n2015, Bulet International Limited, a construction company owned by the<br \/>\nlate Ismaila Isa Funtua was all but dead, merely gasping for breath<br \/>\nfinancially.<\/p>\n<p>However, the tide turned in 2016 after Funtua effectively forged a cabal<br \/>\nin the Presidency made up of himself, the late Chief of Staff, Abba<br \/>\nKyari and Buhari\u2019s nephew Mamman Daura.<\/p>\n<p>Between 2016 and 2019, according to bank documents obtained by our<br \/>\nreporter, the company has resurrected with curious cash inflows into its<br \/>\nZenith Bank account number 1014544715, FCMB account number 134215012 and<br \/>\nUnity Bank account number 1603802***, thus turning its Plot 4 Shehu<br \/>\nShagari Way, Maitama office into a beehive again.<\/p>\n<p>Also profiting from his membership of the cabal is a tech company called<br \/>\nBuletz Systems Limited located at 11&amp;20 Ahmadu Bello Way, Jos, Plateau<br \/>\nState. Its UBA account number 1018679268 received curious inflows in<br \/>\n2016.<\/p>\n<p>Our reporter using inputs from the bank documents placed the cash<br \/>\ndeposits into Bulet International within the period at over N20 billion.<\/p>\n<p>For instance, in 2018 alone, Bulet via its Unity Bank account, received<br \/>\ncash inflows in multiple transactions of N200 million, N250 million,<br \/>\nN300m and N1.5 billion. In 48 bank deposit transactions, Bulet\u2019s Unity<br \/>\nBank account had attracted over N13 billion.<\/p>\n<p>Recall that in December 2014, Bulet International (Nig) Ltd and its<br \/>\nChief Executive, Alhaji Ismaila Isa Funtua had instituted a N100 billion<br \/>\nlibel suit against Unity Bank Plc.<\/p>\n<p>In the suit filed at a high court of the Federal Capital Territory,<br \/>\nUnity Bank was alleged to have tarnished the public image of both the<br \/>\ncompany and its Chief Executive by falsely claiming that the<br \/>\nconstruction company was indebted to it to the tune of N6.856 billion.<br \/>\nThat was when Bulet was a struggling corporate entity mired in debt and<br \/>\noverdraft with many of its staff abandoning the company to seek greener<br \/>\npasture elsewhere.<\/p>\n<p>However, all that seemed a thing of the past as Bulet International has<br \/>\nfully transformed from illiquidity to a profitable venture warehousing<br \/>\nbillions of naira in its account.<\/p>\n<p>The new liquid profile of Bulet International suddenly started<br \/>\nreflecting in the lifestyle of the late Ismaila Funtua and his family.<\/p>\n<p>The son of the Bulet Founder, Abubakar Isa-Funtua shook the nation\u2019s<br \/>\nsocio-economic landscape in December 2018 when he shipped into Nigeria<br \/>\nan exotic car, a Lamborghini Aventador, named after a famous fighting<br \/>\nbull from Spain, and valued at over $450,000. The automobile luxury only<br \/>\nfor the wealthy including the Sultan of Brunei was flown into the<br \/>\ncountry in an Emirates jetliner.<\/p>\n<p>The jaw-dropping viral video showing how the car was stylishly unloaded<br \/>\nfrom the aircraft got the Nigerian gossip mill and social media buzzing.<\/p>\n<p>Abubakar, popularly called \u201cAbu\u201d,\u00a0 is married to Sefinat, President<br \/>\nBuhari\u2019s daughter.<\/p>\n<p>Ismaila Isa Funtua died of an alleged Cardiac arrest on July 20, 2020,<br \/>\nin Abuja.<\/p>\n<div class=\"yj6qo\"><img decoding=\"async\" class=\"alignnone size-medium wp-image-77275\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.28.59-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.28.59-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.28.59-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.28.59-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.28.59-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.28.59-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.28.59-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77276\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.15-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.15-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.15-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.15-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.15-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.15-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.15-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77277\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.28-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.28-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.28-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.28-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.28-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.28-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.28-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77278\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.44-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.44-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.44-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.44-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.44-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.44-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.44-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77279\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.56-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.56-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.56-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.56-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.56-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.56-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.29.56-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77280\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.37-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.37-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.37-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.37-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.37-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.37-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.37-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77281\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.49-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.49-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.49-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.49-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.49-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.49-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.49-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77282\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.58-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.58-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.58-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.58-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.58-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.58-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.33.58-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77283\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.07-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.07-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.07-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.07-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.07-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.07-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.07-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77284\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.19-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.19-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.19-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.19-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.19-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.19-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.34.19-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77285\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.08-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.08-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.08-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.08-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.08-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.08-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.08-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/> <img decoding=\"async\" class=\"alignnone size-medium wp-image-77286\" src=\"http:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.17-AM-640x400.png\" alt=\"\" width=\"640\" height=\"400\" srcset=\"https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.17-AM-640x400.png 640w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.17-AM-768x480.png 768w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.17-AM-1024x640.png 1024w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.17-AM-1170x731.png 1170w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.17-AM-585x366.png 585w, https:\/\/pointblanknews.com\/pbn\/wp-content\/uploads\/2020\/12\/Screen-Shot-2020-12-10-at-9.35.17-AM-1320x825.png 1320w\" sizes=\"(max-width: 640px) 100vw, 640px\" \/><\/div>\n<!-- AddThis Advanced Settings generic via filter on the_content --><!-- AddThis Share Buttons generic via filter on the_content --><!-- AddThis Related Posts generic via filter on the_content -->","protected":false},"excerpt":{"rendered":"<p>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,&hellip;<!-- AddThis Advanced Settings generic via filter on wp_trim_excerpt --><!-- AddThis Share Buttons generic via filter on wp_trim_excerpt --><!-- AddThis Related Posts generic via filter on wp_trim_excerpt --><\/p>\n","protected":false},"author":1,"featured_media":77295,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[17],"tags":[],"class_list":["post-77273","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-exclusive"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>How Ismaila Funtua Bulet International, Son, profited in Billions of Naira from Presidency cabal - Pointblank News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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