As the Economic and Financial Crimes Commission, EFCC, arraigned four companies fingered in the alleged N5billion money laundering offences filed against former Enugu State Governor, Chimaroke Nnamani, the firms yesterday pleaded guilty to the charges.
The companies are Rainbownet Nigeria Limited, Cosmos FM, Capital City Automobile Nigeria Limited, and Renaissance University Teaching Hospital.
At yesterday’s proceedings, the companies, which were not represented by anybody, except their lawyer, Mr. Ricky Tarfa, SAN, pleaded guilty to the nine-count charges.
Following the development, the EFCC prosecutor, Mr. Kelvin Uzozie, urged the court to adjourn the matter for the review of facts of the offences.
Tarfa told the court that he would inform the accused companies’ secretary to write a letter of undertaking to the alleged crimes and their plea.
Consequently, Justice Mohammed Yunusa adjourned the matter till May 27, for review of the facts of the matter.
The arraignment of the companies was sequel to an application filed by the anti-graft agency, seeking a separate trial of the former governor and the firms which are his co-accused in the alleged money laundering offences due to Nnamani’s frequent overseas’ medical treatment, which had dragged their trial for over seven years.
At the last hearing of the matter, Justice Yunusa granted EFCC’s application to prosecute the companies separately.
At their arraignment yesterday, the companies were accused of having between February and March 2007, failing to comply with the lawful inquiry of Mr. Ibrahim Lamorde, who was then EFCC’s Director of Operations, to investigate the alleged offences by not releasing their cash book, fixed assets, vouchers and cheques; and failure to give a breakdown of their trade creditors and showing their names and amounts from 2002 till 2006.
The offences, according to the EFCC prosecutor (Uzozie) are punishable under section 38(2) of the Economic and Financial Crimes Commission Act 2004.

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