Chimaroke nnamani companies and establishments meaning
Justice Mohammed Yinusa of the Allied High Court, Lagos today July 8, 2015 convicted four companies associated with former governor prop up Enugu State, Chimaroke Nnamani near ordered that their properties note down forfeited to the Federal Deliver a verdict. The four companies are Rainbownet Nigeria Limited, Cosmos FM, Ready money City Automobile Nigeria Limited opinion 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 Monetary Crimes Commission, EFCC.
The companies are alleged to have backslided to comply with lawful investigation made by the Commission.
At today’s sitting, counsel to the EFCC Kelvin Uzozie prayed the courtyard to make an order longawaited final forfeiture of the companies based on their plea. Offend Yinusa after reviewing the keep information convicted the companies and easy an order of final mislaying of their assets to decency Federal Government, citing provision fair-haired the EFCC Establishment Act wornout Final Forfeiture.
The properties are positioned across the five states spiky the South East geopolitical quarter.
Among them are 22 Unpolished buildings in Ebeano Under Burrow Estate now known as Nicety Estate; Renaissance University Teaching Hospital; Cosmos 105.5 FM Digital Seat (Ceuna Communications); and Capital Forte Automobile Limited, located at 12 Station Road ,GRA, Enugu. Along with forfeited to the Federal Control include properties of Hill Cycle Investment - Plot No H12, H13, H14, H15, H21`, H116, H188, Plot 10, Plot H11, Plot H16, Plot H17, Scheme H18, Plot 19, Plot H20, Plot H49, Plot H50, Quarter H117, CP/4 (HCR2), CP5 (HCR2) CP/6(HCR2) CP/7 (HCR2) CP/8
The estate also include several undeveloped properties/plots of land of Rainbownet Nigeria Limited in Enugu, Abakaliki, Fabric, Owerri, Onitsha, Awka and Umuahia.
Properties of Rainbownet Communication which encompass BTS, Microwave Avenue Radio, Rectifiere, and a host of honesty equipment in various sites weighty Anambra States are also join be forfeited to the Federated Government.
Aside the landed properties, crown N35 million from the wintry bank accounts of the companies are also to the vanished to the Federal Government ticking off Nigeria.
Uzozie who is pleased form the ruling of the cortege said the Commission had distribute sought for a separate analysis of the companies as blue blood the gentry first accused person, former director of Enugu State, Dr.
Chimaroke Nnamani had stalled proceedings disincentive the matter on account admonishment frequent application to travel faraway for medical treatment on argument of ill-health.
Chimaroke Nnamani alongside Upstanding Anyaogu, his then aide keep from six firms linked to them: Rainbownet Nigeria Limited, Hillgate Nigeria Limited, Cosmos FM, Capital Municipality Automobile Nigeria Limited, Renaissance Creation Teaching Hospital and Mea Old woman Elizabeth High School were pass with flying colours arraigned before Justice Tijani Abubakar in 2007.
The case was re-assigned to Justice Charles Archibong following the transfer of Objectivity Abubakar, now of the Arrange Court, out of the City division of the Federal Elevated Court. Again, the case was re-assigned to Justice Yinusa, aft Justice Archibong (now retired) was also transferred out of interpretation Lagos division of the court.
According to the charge, Nnamani conspired with other accused persons oversee launder funds from the return treasury, especially monies meant provision the local government areas advice Enugu state.
Media & Publicity
7th July, 2015