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Money Laundering: Ex-Gov Nnamani Forfeits Properties

Faith Aghaeze, Abuja

Justice Mohammed Yinusa of the Federal High Court, Lagos yesterday, July 7, 2015 convicted four companies associated with former governor of Enugu State, Chimaroke Nnamani and ordered that their properties be forfeited to the Federal Government. The four companies are Rainbownet Nigeria Limited, Cosmos FM, Capital City Automobile Nigeria Limited and Renaissance University Teaching Hospital.

The companies had on May 19, 2015 pleaded guilty to a 10-count amended charge brought against them by the Economic and Financial Crimes Commission, EFCC. The EFCC spokesman, Wilson Uwujaren in a statement made available to our correspondent in Abuja said the companies are alleged to have failed to comply with lawful inquiry made by the Commission. “At today’s sitting, counsel to the EFCC Kelvin Uzozie prayed the court to make an order of final forfeiture of the companies based on their plea.

Justice Yinusa after reviewing the facts convicted the companies and made an order of final forfeiture of their assets to the Federal Government, citing provision of the EFCC Establishment Act on Final Forfeiture.” “The properties are located across the five states in the South East geopolitical zone.

Among them are 22 Duplex buildings in Ebeano Under Tunnel Estate now known as Fidelity Estate; Renaissance University Teaching Hospital; Cosmos 105.5 FM Digital Station (Ceuna Communications); and Capital City Automobile Limited, located at 12 Station Road ,GRA, Enugu. Also forfeited to the Federal Government include properties of Hill Gate Investment – Plot No H12, H13, H14, H15, H21`, H116, H188, Plot 10, Plot H11, Plot H16, Plot H17, Plot H18, Plot 19, Plot H20, Plot H49, Plot H50, Plot H117, CP/4 (HCR2), CP5 (HCR2) CP/6(HCR2) CP/7 (HCR2) CP/8”

The statements also said The assets include several undeveloped properties/plots of land of Rainbownet Nigeria Limited in Enugu, Abakaliki, Aba, Owerri, Onitsha, Awka and Umuahia.

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