Oduah, over alleged indebtedness.
The bank
alleged that Oduah and her company, Sea Petroleum and Gas company Ltd, were
indebted to it in the sum of 16.4 million dollars and N100.5 million.
The suit
which was earlier adjourned for hearing of all pending applications, was however
adjourned to June 29, becaause the trial judge, Justice Ayokunle Faji, was
indisposed.
Counsels
representing all the parties were present in court.
The suit was
initially pending before Justice Abdulaziz Anka of the same court, but was
eventually, reassigned to Faji to begin afresh.
In March,
Justice Anka had issued an order, restraining Oduah and her companies, from
making any withdrawal from its account and those of three other companies
domiciled with 21 banks in the country.
The other
companies include: Sea Shipping Agency Ltd, Rotary Engineering Services Ltd,
and Tour Afrique Company Ltd.
The court
had also, issued an order directing the said commercial banks harbouring the
assets of Oduah and the four companies to sequestrate their indebtedness as at
November 2016.
The court
also ordered that the money be kept in an interest yielding account in the name
of the Chief Registrar of the Federal Court, pending the determination of the
suit.
An affidavit
sworn to by a staff of Sterling Bank, Mr Segun Akinsany, stated that on Oct. 8,
2012, the bank granted a lease/Cabotage Vessel Finance Facility (CVFF) to Sea
Petroleum and Gas Company.
He said that
the facility was in the said sums to finance one unit 5,000 MT tanker vessel.
He averred
that the loan was secured by an unconditional personal guarantee of the
companies’ director, Princess Stella Oduah.
Akinsanya
also averred that same was supported by a statement of her networth, legal
mortgage of two properties worth N135 billion, and a power of Attorney of the
tanker vessel in favour of Sterling Bank.
He averred
that, also in support was a fully executed standing payment order and
tripartite remittance agreement between it and Oduah.
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