Stella Oduah Denies Owing Banks

By Oladipupo Mojeed

Senator Stella Oduah (Anambra/Anambra-north) has described the allegations that she is indebted to some commercial banks in Nigeria as untrue.

A Federal High Court in Lagos had on Wednesday restrained Oduah and Sea Petroleum from making withdrawals from 21 accounts in some banks.

In an interview with the News Agency of Nigeria (NAN), Oduah said she had resigned from Sea Petroleum, which was alleged to be indebted to banks, since 2010.

“Sterling got an injunction on an 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 Oduah and the company from making any withdrawal from its account and those of three other companies domiciled with 21 banks.

The other companies are Sea Shipping Agency Ltd, and Tour Afrique Company Ltd.

The court issued the orders over an alleged indebtedness of the defendants to the sum of about $16.4 million and N100.5 million.

Also, the court issued an order directing the said commercial banks harbouring the assets of Oduah and the four companies to sequestrate their indebtedness as of 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.

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