Former governor to forfeit 22 duplexes, 6 companies, shares to FG

Former Enugu State governor, Senator Chimaroke Nnamani, has been ordered to forfeit some of assets to the Federal Governor. Justice Mohammed Yunnusa of a Federal High Court sitting in Lagos, on Tuesday, delivered this ruling. EFCC had re-arraigned Nnamani and his former aide, Sunday Anyaogu on 105 counts of money-laundering and economic crimes, involving about N4.5billion state funds. The crime was allegedly committed while Nnamani was governor between 1999 and 2007.

The former senator was charged alongside Anyaogu, and six firms – Rainbownet, Hillgate NIGERIA, Cosmos FM, Capital City Automobile Nigeria Limited, Renaissance University Teaching Hospital and Mea Mater Elizabeth High School. Among the forfeited assets are undeveloped properties and transmission equipment of Rainbownet Nigeria Limited; properties of Hill Gate Investment Limited/Cuena Phones Limited; assets of Cosmo 105.5FM, and 22 duplex buildings at Ebeano Estate (now Fidelity Estate).

Others are Rainbownet shares in Zenith Bank and Guarantee Trust Bank, with a combined account balance of N4.6million; as well as monies in its bank accounts. The balances in different accounts with GTBank of N313,700; Sterling Bank ,N986,958; Ecobank ,N24.5million; First City Monument Bank, N3.8million and Zenith Bank, N761,156. EFCC said it is awaiting details of balances in Rainbownet’s 10 accounts with Access Bank.

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Deji Sadiq, a.k.a DEJI OF LAGOS is a LASU trained Economist turned freelance journalist, a Blogger, an information strategist, a public affairs analyst and a committed activist with a passion for equal opportunities.