Money laundering: Court orders forfeiture of properties of companies linked with Ex- Gov Nnamani to FG | Welcome to Linda Ikeji's Blog

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Tuesday, 7 July 2015

Money laundering: Court orders forfeiture of properties of companies linked with Ex- Gov Nnamani to FG

Press statement from the EFCC
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
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
7th July, 2015

54 comments:

AbokiDaWarriBoy said...

Humm Rikichin Duniya,da mai rai a ke yin sa( proverb)

Anonymous said...

Boomerang
Life has a way of teaching us lessons. If only we could learn from our mistakes
Vanity upon vanity ,All is vanity

Unknown said...

A corrupt free Judge. One of its kind.

Unknown said...

Any one dem do. Linda take note!

Unknown said...

Any one dem do. Linda take note!

Unknown said...

Wow!

NaijaDeltaBabe said...

But must dey all steal?

Unknown said...

Nice move. Ndi oshi!

Unknown said...

Karma is catching up with Chimaroke.

BLUNT said...

Always a Southerner! We no dey try at all. Nobody steals like these aboki rams, yet they don't ever get convicted. Which aboki in govt is not a thief?

Unknown said...

The only onye oshi of our time in Enugu (school dayz) chimaroke the badt niccur.

Unknown said...

So Cosmos FM is still in existence? Love that station like no other....this is sad for me.

meggy said...

Noted

Anonymous said...

Its hash sha but a lesson for all those to come after. is this the CHANGE? hmmmmmmm

Unknown said...

I guess he is filling the heat now

Unknown said...

Oh mine!

Unknown said...

Oh mine!

yourstrulyblogposts.blogspot.com said...

Justice!!!!!'nn

Steve said...

An online entertainment site is looking for a passionate celebrity/gist writer. If you are the one, write to steveanodo@yahoo.com and earn some remuneration

Anonymous said...

Truly he was a thief but we all loved him and from the way you sounded willy, you loved him 3. Lol

Unknown said...

Hummmmmmm......issorrai!



#TeamBlessed#

Amycool cyril said...

hmmmmm, nemesis is really catching up with them one by one

knowurway.com said...

Wow are u serious, please oh! EFCC should face Lucky Igbinedion now, becos he must not go freely with all he loot from Edo State.

Unknown said...

Dis is sign of great tins to come against those our corrupt politicians.

Unknown said...

This is wickedness. Which of these guys didn't steal yet chimaroke was taken down.
Sullivan stole much more.
Well this is a lesson not to fight God no matter how powerful you think you are. His wahala started when he had issues with Mbaka

Unknown said...

I believe that the properties should be forfeited to Enugu State whose patrimony he looted and not the Federal Government as was the case with Darieye. The Enugu State government and people must ask for their rights even if it requires going to court for it. But why is it only Igbo people that are convicted and their assets seized by the Federal Government?

Eze said...

This man dealt with Enugu state sha

Eze said...

I think i was in primary sch when he was governor..........use to hear he was a bad Nigga, don't know much abt him sha

mackonze said...

What is hash? That is how you people are celebrating evil

Anonymous said...

Looool funny. FFK embezzled tho. Precious Chikwendu's jeep didn't buy itself. #asleeptho

Amaka.u.l said...

Karma

Unknown said...

Am not surprise @all tnk God y'al av seen it coz if Rv Fr Ejike Mbaka talk nw Linda nd co ll even talk....

Unknown said...

Anybody way go talk nonsense via Rv Fr Mbaka dat psn go suffer.... Shay una de see am one by one most of u no blv Gej go stepdwn even Linda.... Remain one psn#

Anonymous said...

Those properties supposed to have be given back to Enugu state government rather than federal Gov.

Anonymous said...

Damn, and finally they wrecked this dude... He's a learner to what elrufai and Tinubu stole though.... God has the final Judgment... Sorry Sir... U sef support baba 3rd term if u come world again...

Unknown said...

Story for d god's,all d above properties are dead and 4gotten,d man dnt even give a dam about dem any more,rainbonet is no longer in existence,cosmo fm one of d best radio station in d south east was shut down since 2008 and d relieve all d workers instead of converting it to into State or FG property and keep it going on,Ebano estate is now semi police barrack! Each time I pass through Rainbonet and Cosmo office I c resource wasted and young people are looking for work everyday!now dat d finally fortified it after 8yrs wat will d FG do with condemn equipment and dos wasted and routine cars pack outside d complex????#justsaying

Unknown said...

This is o unfair.. hes not the only governor who has stolen.. cosmo fm and rainbownet and even the hospital gave many jobs.. and its been closed for yrs.. making families suffer and out of jobs. That man created jobs in Enugu and that judge had to forfeited?? How can we move forward? Nobody is arresting Sullivan for selling all Enugu properties and owing FG 32billion?? That man made Enugu rich and that is how FG pays him?? Haba!cosmo fm was d only fm in south east that made pple wanna listen to radio. I wonder when FG will let any of those properties start functioning.. all thses judges ruling nonsense without considering the masses needs to be sacked.

Unknown said...

Not just only him, all the ex-governors of different states are as guilty as Nnamani so I suggest all of them should pay same price as Nnamani..

Nnadoo said...

Wow interesting to know that all these properties are in Enugu/SE.But is there any diff between Chimaroke and Tinubu who owns properties all over lagos?

chuks Change Agent said...

I see the hand of Esau in this judgment. Enugu state looted treasures to be forfeited to Federal Government? Haba Judge!

Anonymous said...

The level of ridiculous-ness of some of your comments makes me shiver. A thief was caught stealing public money and most of you dim wits jump on the internet to say ' but he is not the only one'.
Pray tell, what would you advice the court to do? Leave the properties with him and warn him not to do it again? Well, we deserve the kind of leaders we get and going by your comments, some of you will not see progress in your immediate communities until the end of your lives.
Nonsense!!!

Endydecency said...

Mentally deranged Judge. What of Tinubu own, what of Yuguda own, what of Lamido own and the rest. And why must he forfeit all that to the Federal govt. Instead of the state govt. that own the money in question.

Anonymous said...

Yes alllllllllll. Rivers, Bayelsa, Owerri, Delta, etc. Abeg






HOL

Unknown said...

True talk

Unknown said...

True talk

ary said...

The man is a criminal!

Unknown said...

People like you never allow Nigeria to forward.. So they should arrest all corrupt politicians in Nigeria before they go for him?

Unknown said...

You should be arrested for such comment

Unknown said...

Who is next?


***dahenriez***

Human Being said...



Eze Udemba said...

I believe that the properties should be forfeited to Enugu State whose patrimony he looted and not the Federal Government as was the case with Darieye. The Enugu State government and people must ask for their rights even if it requires going to court for it. But why is it only Igbo people that are convicted and their assets seized by the Federal Government?


Sensible comment.

I remember those days people were aware the governor was dipping his hands inside the states funds but the people were less bothered. They loved him, because he amongst the other looters invested his money in the state and created jobs. Other looters (governors) then where buying houses abroad, in abuja and in Lagos. Some built hotels others lavished their loot on useless lifestyles.


It's a welcomed development to go after looters but it is NOT FAIR to go after a select few. Secondly such recovered funds should go back to the state as the money was taken from state treasury.












Human Being No Be God

Unknown said...

Good! All the past governors and presidents should be made to forfeit all they have also stolen back to us o!!!

Unknown said...

Law of karma at work

Anonymous said...

Nto. Efcc, he had a big lucrative rental Hall business in maryland. Come and get him.

yawanow said...

Wow a total rip off from fraudsters like chimaroke. They should apply same to others e.g TA

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