A Lagos
Federal High Court has restrained 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 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.
The order of the court
was sequel to an affidavit deposed to by Business Manager of Sterling Bank
Plc., Segun Akinsanya, filed and argued before the court by its Counsel, Kemi
Balogun (SAN).
In the affidavit, Mr.
Akinsanya averred that on October 8, 2012, the bank granted a lease /Cabotage
Vessel Finance Facility (CVFF) to Sea Petroleum and Gas Company in the said
sums to finance one unit 5,000 MT tanker vessel.
He said that the loan
was secured by an unconditional personal guarantee of the companies’ director,
Stella Oduah.
-PT
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