Jones007, I think ....

U should lose weight & fat first.... Proper & control diet should be used..
Intense Cardio exercises should be used more often instead of weight training....

After drop to normal weight ( I think 60Kg with ur height), then only consider bulk up la....
Instead of buling up & wan to lose fat at the same time.....

Thats just my opinion!!

This is called the "cut & bulk up" process !!
I believe Darklight79 or Pizzaboy is also doing that... (not sure la.. )

U have to do this in order to have a lean muscle at the right place (eg. abs)....
Thats why a lot of bulky bodybuilder still have some fats on the abs muscle.

I think the best way to burn fat is Cardio exercises, muscle building is weight training...

Therefore, in ur case
Step 1 - Burn fat (Cardio exercises)
Step 2- Weight training (Building muscle after u lost most of ur fat)

Ya, this is just my opinion.
Hope u can ur bodyfat percentage can drop to 20% after 2-3 months. Good luck!!