Founder of Bullet International Limited, Ismaila Funtua, the Katsina born business man may have deceased, but corruption scandal still trails his family.
The Funtuas were said to have registered two Companies, in 2017, Teleology Nigeria Ltd and Daima Telecoms Ltd, which were allegedly used for phoney schemes and acquisition of key properties such as 9 mobile , formerly Etisalat , Keystone bank and release of N17billion for a fraudulent Commercial Agriculture Scheme by the Central Bank of Nigeria.
One Jackson Ude said
“In 2017, Etisalat owed 13 banks about $1.2billion and could not meet up their financial obligations. The banks moved to take over Etisalat Nigeria and place it on receivership. CBN and NCC intervened. It was not put on sale.
“The Funtuas went to strike a deal with Emefiele. It was 2018 and Emiefele needed a second term, CBN released N17billion under a phoney Commercial Agriculture Credit Scheme. CACS, to Keystone Bank which was recently acquired by the Funtuas under a very fraudulent circumstance.
Ude alleged that ‘once N17billion hit the rogue keystone Bank, the Funtuas moved the funds to 313 Bureau De Change, Wuse zone 4, Abuja and got $50million. The $50million was then transfered to the CBN and used as Teleology Nig Ltd non refundable deposit for the acquisition of 9mobile.
According to him, Teteology and Daima were incorporated around the time of the transactions.
He said “After the purchase, Etisalat became 9 mobile and 20% of the 9mobile share was awarded to Daima Telecoms Ltd, making Teleology and Daima the two major shareholders of 9mobile.Both companies are owned by the Funtuas using a Ugandian called Asega Aliga.
‘ Teleology Nigeria Ltd was asked to pay $301. 1million for the purchase of Etisalat, They were to pay $50million non refundable to secure the bid and thereafter make the full payment of $301 1million. They didn’t have the money They have Emiefele who can provide any amount of cash.
“It means the Funtuas paid nothing, absolutely nothing to acquire 9mobile, and today, Abubakar Isa Funtua,the younger Funtua, can fly to Gibraltar to launder funds, stop by in Spain at his hang out where he is called Sheik of Dollars”
The Funtuas are allegedly linked to money laundering and are among a cabal around the Presidency that are in charge of black market operations and illegal crude oil sales.