Nnamani To Forfeit Properties To Federal Government

The former Enugu State Governor, Chimaroke Nnamani is to forfeit his multi-billion Naira properties to the Federal Government.

The four companies – Rainbownet Nigeria Limited, Cosmos FM, Capital City Automobile Nigeria Limited and Renaissance University Teaching Hospital were convicted by a judge of the Lagos High Court, Mohammed Yinusa, after pleading guilty to a 10-count amended charge against them by the Economic and Financial Crimes Commission (EFCC).

At the ruling, Counsel to the anti-graft agency, Kelvin Uzozie, prayed the court to make an order of final forfeiture of the companies based on their plea.

Mr. Yinusa, on reviewing the facts before him, 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.

All the properties are located across five states in the southeast geopolitical zone of Nigeria.