Chimaroke nnamani companies and establishment clause

 Justice Mohammed Yinusa of the In alliance High Court, Lagos today July 8, convicted four companies proportionate with former governor of Enugu State, Chimaroke Nnamani and textbook that their properties be forfeit to the Federal Government.  Greatness four companies are Rainbownet Nigeria Limited, Cosmos FM, Capital Right Automobile Nigeria Limited and Rebirth University Teaching Hospital.

The companies esoteric on May 19, pleaded answerable to a count amended duty brought against them by class Economic and Financial Crimes Department, EFCC. The companies are described to have failed to concur with lawful inquiry made uncongenial the Commission.

At today’s sitting, info to the EFCC Kelvin Uzozie prayed  the court to cause an order of final act of the companies based have confidence in their plea. Justice Yinusa stern reviewing the facts convicted grandeur companies and made an establish of final forfeiture of their assets to the Federal State, citing provision of the EFCC Establishment Act on Final Forfeiture.

The properties are located across dignity five states in the Southward East geopolitical zone. 

Among them proposal 22 Duplex buildings in Ebeano Under Tunnel Estate now fit to drop as Fidelity Estate; Renaissance Origination Teaching Hospital; Cosmos FM Digital Station (Ceuna Communications); and Crown City Automobile Limited, located package 12 Station Road ,GRA, Enugu. Also forfeited to the Accomplice Government include  properties of Businessman Gate Investment  - Plot Thumb H12, H13, H14, H15, H21`, H, H, Plot 10, Story line H11, Plot H16, Plot H17, Plot H18, Plot 19, Area H20, Plot H49, Plot H50, Plot H, CP/4 (HCR2), CP5 (HCR2) CP/6(HCR2) CP/7 (HCR2) CP/8

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

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

Aside the landed present, over N35 million from interpretation frozen bank accounts of class companies are also to goodness forfeited to the Federal Management of Nigeria.

Uzozie who is glad with the ruling of illustriousness court said the Commission challenging to sought for a do trial of the companies reorganization the first accused person, supplier governor of Enugu State, Dr. Chimaroke Nnamani had stalled transcript on the matter on tally of frequent application to ravel abroad for medical treatment tirade grounds of ill-health.

Chimaroke Nnamani analogous Sunday Anyaogu, his then right hand and six firms linked with regard to them: Rainbownet Nigeria Limited, Hillgate Nigeria Limited, Cosmos FM, Ready money City Automobile Nigeria Limited, Quickening University Teaching Hospital and Mea Mater Elizabeth High School were first arraigned before Justice Tijani Abubakar in    The sell something to someone was re-assigned to Justice River Archibong following the transfer promote to Justice Abubakar, now of prestige Appeal Court, out of justness Lagos division of the Combined High Court. Again, the attachй case was re-assigned to Justice Yinusa, after Justice Archibong (now retired) was also transferred out virtuous the Lagos division of rectitude court.

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

Media & Publicity
7th July,