Sen. Stella Oduah has described as untrue allegations that she was indebted to Sterling Bank and other commercial banks in Nigeria. On Wednesday, a La
Sen. Stella Oduah has described as untrue allegations that she was indebted to Sterling Bank and other commercial banks in Nigeria. On Wednesday, a Lagos Federal High Court restrained Sen. Oduah and Sea Petroleum from making withdrawals from 21 accounts in some commercial banks. However Oduah said that she had resigned from the company, Sea Petroleum which was alleged to be indebted to banks.
“I resigned from the company since 2010. Sterling got injunction on earlier order.
“They gave sea shipping facility to buy vessel. They defaulted . But the order lapsed today.
“The lawyers appealed for set aside. That was what they argued and order was set aside.”
The Federal High Court in Lagos restrained Sen. Stella Oduah and Sea Petroleum and Gas Company Ltd., from making any withdrawal from its account and those of three other companies domiciled with 21 banks. The other companies include: Sea Shipping Agency Ltd, Rotary Engineering Services Ltd, and Tour Afrique Company Ltd. The court issued the orders over an alleged indebtedness of the defendants in the sum of about 16.4 million dollars and N100.5 million.
Also, the court issued an order directing the said commercial banks harbouring the assets of Stella Oduah and the four companies to sequestrate their indebtedness as at November 2016. The court ordered that the money should be kept in an interest yielding account in the name of the chief Registrar of the Federal court, pending the determination of the suit filed before the court to recover the debt.
Stella and her companies have urged the court to discharge the order made against them. They also filed a preliminary objection to the suit and urged the court to strike out the suit for lack of jurisdiction. March 20 has been fixed to decide whether or not the court would vacate the order.
