Wednesday, July 8, 2015

Federal High Court Orders Former Governor Nnamani’s Companies To Forfeit Assets To Federal Govt.

A Federal High Court in Lagos on Tuesday ordered the forfeiture of multi-billion naira assets allegedly owned by former Enugu State Governor Dr Chimaroke Nnamani, to the Federal Government.

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). ‬

Other assets to be forfeited are Rainbownet shares in Zenith Bank and Guaranty Trust Bank, with a combined account balance of N4.6 million; as well as monies in its bank accounts.

The balances in different accounts with GTBank (total of N313,700); Sterling Bank (N986,958); Ecobank (N24.5 million); First City Monument Bank (N3.8 million) and Zenith Bank (N761,156) are also to be forfeited.

9 comments:

  1. Nawa o. Court don do baba strong thing. Ma guy eye don small. Hmmm! "Uwaifo don talk e own o".

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  2. If he stole d money he used in building it...then mr man hand over sharp sharp

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  3. Hehehehehe....fr mbaka will b smiling when he reads this..nnamani is a big criminal...am glade EFCC got this one right....ge is suppose to b in jail self

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  4. Na God catch am hmmm can wait to laugh

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