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Court Bars Stella Oduah From Operating Company’s Account



Justice Abdulaziz Anka of the Federal High Court Lagos on Wednesday issued an order, restraining Senator Stella Oduah and Sea Petroleum and Gas Company Limited from making any withdrawals from its account and those of three other companies domiciled with 21 banks.

The other companies are: Sea Shipping Agency Limited, Rotary Engineering Services Limited and Tour Afrique Company Limited.

The order of the court was sequel to an affidavit deposed to by the business manager of Sterling bank Plc, Mr Segun Akinsanya, filed and argued before the court by its counsel, Mr Kemi Balogun (SAN).
The court issued the orders, over an alleged indebtedness of the defendants in the sum of about $16.4 million and N100.5 million.
He averred that the loan was secured by an unconditional personal guarantee of the companies director, Princess Stella Oduah.

Edited from Daily Trust
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