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Nnamani’s co-accused plead guilty over N5bn fraud

20 May 2015, 12:54

Enugu - Four of the six firms standing trial alongside a former Governor of Enugu State, Chimaroke Nnamani, accused of N5bn money laundering, have pleaded guilty to amended counts in relation to the offence, Punch reports.

The companies are being prosecuted separately from Nnamani by the Economic and Financial Crimes Commission to fast-track their trial.

The four companies –Rainbownet Nigeria Limited, Cosmos FM, Capital City Automobile Nigeria Limited, and Renaissance University Teaching Hospital – pleaded guilty on Tuesday following their re-arraignment on an amended 10-count.

Also read: Police fire teargas at Nnamani-led protest

The move was to save their assets from being eroded, because the trial had made little or no progress since 2007 when it commenced due to Nnamani’s ill health.

Apart from the four companies arraigned on Tuesday, others who were standing trial with Nnanami include his erstwhile aide, Sunday Anyaogu, Hillgate Nigeria Limited and Mea Mater Elizabeth High School.

Read more at Punch

- News 24


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