• Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Search
  • Home
  • About
  • Adverts
  • Contact
Sign in
Welcome! Log into your account
Forgot your password? Get help
Password recovery
Recover your password
A password will be e-mailed to you.
PRNIGERIA PRNigeria News
PRNIGERIA PRNIGERIA
  • Home
  • Anti-Corruption
  • Fact-Check
  • Economy
  • National
  • Security
  • Features
  • State
  • Event
  • E-Book
Home Anti-Corruption Money Laundering: Court Orders Forfeiture of Properties of Companies Linked With Ex-...
  • Anti-Corruption

Money Laundering: Court Orders Forfeiture of Properties of Companies Linked With Ex- Gov Nnamani to FG

By
Wilson Uwujaren
-
July 8, 2015

Justice Mohammed Yinusa of the Federal High Court, Lagos today July 8, 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 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

Read Also:

  • Army Dislodges Bandits in Taraba Forests Under Operation Lafiya Nakowa
  • How Irabor’s Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko Haram
  • Nigerian Army Denies Losing Weapons to Bandits in Kwara Operation

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

 

Properties of Rainbownet Communication which include BTS, Microwave Avenue Radio, Rectifiere,  and a host of the equipment in various sites in Anambra States are also to be forfeited to the Federal Government.

 

Aside the landed properties, over N35 million from the frozen bank accounts of the companies are also to the forfeited to the Federal Government of Nigeria.

 

Uzozie who is pleased with the ruling of the court said the Commission had to sought for a separate trial of the companies as the first accused person, former governor of Enugu State, Dr. Chimaroke Nnamani had stalled proceedings on the matter on account of frequent application to travel abroad for medical treatment on grounds of ill-health.

 

Chimaroke Nnamani alongside Sunday Anyaogu, his then aide and six firms linked to them: Rainbownet Nigeria Limited, Hillgate Nigeria Limited, Cosmos FM, Capital City Automobile Nigeria Limited, Renaissance University Teaching Hospital and Mea Mater Elizabeth High School were first arraigned before Justice Tijani Abubakar in 2007.  The case was re-assigned to Justice Charles Archibong following the transfer of Justice Abubakar, now of the Appeal Court, out of the Lagos division of the Federal High Court. Again, the case was re-assigned to Justice Yinusa, after Justice Archibong (now retired) was also transferred out of the Lagos division of the court.

 

According to the charge, Nnamani conspired with other accused persons to launder funds from the state treasury, especially monies meant for the local government areas of Enugu state.

 

Wilson Uwujaren

Head, Media & Publicity

VISIT OUR OTHER WEBSITES
PRNigeria.com EconomicConfidential.com PRNigeria.com/Hausa/
EmergencyDigest.com PoliticsDigest.ng TechDigest.ng
HealthDigest.ng SpokesPersonsdigest.com TeensDigest.ng
ArewaAgenda.com Hausa.ArewaAgenda.com YAShuaib.com
  • TAGS
  • efcc
Previous articleNEMA Calls for Blood Donation for Victims of Bomb Blasts
Next articleN1.4bn Subsidy Fraud: Trial of Helen Aninye, Others Commence July 8
Wilson Uwujaren
Wilson Uwujaren
https://prnigeria.com/

RELATED ARTICLESMORE FROM AUTHOR

NAHCON

Renewed Hope in Hajj Operations: NAHCON Records Milestone Achievements Under Tinubu Administration

Mohammed Idris Malagi, Honorable Minister of Information and National Orientation

FG Reaffirms Non-Interference in ICPC, EFCC Operations

ICPC Secures Conviction of Rector for Running Unaccredited Degree Programmes

Engr Abba Babagana Dalori

Engr Dalori Forfeits Galaxy Hospital, Petrol Station, Properties & Cash

Chinese nationals jailed in Lagos

Court Jails Nine Chinese Nationals for Cybercrime in Lagos

ASUU

Tackle Corruption, Institutional Decay – ASUU Charges FG

EFCC Arraigns Bauchi Accountant General Over N8bn Fraud as Court Sentences Kano Make-Up Artist for Naira Abuse

PRNigeria logo fearured image

EFCC Arraigns Ex-Convict, Other for Naira Abuse in Lagos

EFCC Arrests 37 Suspected Internet Fraudsters in Ilorin

EFCC, CCC and the Battle Against Corruption in Nigeria, By Mukhtar Ya’u Madobi

Ola Olukoyede, EFCC Chairman

EFCC’s Anti-Corruption War: Between Media Trial and Intelligence-Driven Operations

Olayiwola Oguntade

Court Sentences Ex JAMB Staff for N10m Fraud in Ibadan

LEAVE A REPLY Cancel reply

Log in to leave a comment

Recent Posts

  • Army Dislodges Bandits in Taraba Forests Under Operation Lafiya Nakowa
  • How Irabor’s Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko Haram
  • Nigerian Army Denies Losing Weapons to Bandits in Kwara Operation
  • Uba Sani Releases ₦2.3bn for Retirees and Families of Deceased Workers
  • Group Urges CBN to Scrap 2% Service Charge on Hajj Fare to Reduce Pilgrimage Cost
  • Home
  • About
  • Adverts
  • Contact
© 2020 PRNigeria. All Rights Reserved.
Latest News
Army Dislodges Bandits in Taraba Forests Under Operation Lafiya NakowaHow Irabor's Book Launch Became National Security Summit as Obasanjo, Jonathan, Kukah, Sultan Spoke on Boko HaramNigerian Army Denies Losing Weapons to Bandits in Kwara OperationUba Sani Releases ₦2.3bn for Retirees and Families of Deceased WorkersGroup Urges CBN to Scrap 2% Service Charge on Hajj Fare to Reduce Pilgrimage CostNDLEA Dismantles Cocaine Cartels Behind UK Shipments, Arrests Suspects, Destroys 25,000kg Skunk NationwideKano Gov't Investigates Alleged Diversion of N4bn Dala Inland Dry Port FundsACF Warns of Alleged Plot to Cripple Dangote Refinery, Urges FG InterventionTroops Neutralise Terrorists, Repel Boko Haram Attack in BornoPHOTOS: Nigeria Customs, IMPR Bag Back-to-Back Golden World Award at IPRA 70th AnniversaryTroops Nab Terrorists’ Logistics, Drug Suppliers in BornoS/Arabia-Trained Graduates to Begin Forum on Sustainable DevelopmentChristian Genocide and the Conspiracy against Nigeria By Femi Fani-KayodeWe Arrested 450 Terrorists, Rescued 180 Abducted Victims in One Month - MilitaryOver 100 Jerrycans of Petrol Seized as Police Foil Smuggling to Niger Republic
X whatsapp