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