[Latest News][6]

9ja Jobs
Apartment Therapy | Saving the world
Authority Nutrition
Beauty - ELLE
Blogs
Blue Perk by Freddy Rodriguez | Lifestyle Blog
Blushing Black
Breaking Muscle
Career Guide
Careers.org Blogs
Celebs
Clerical Jobs | Indeed.com
College Grad
Comedy
Cosmopolitan
Dimma Umeh | Nigerian beauty blogger
E! Online (US) - Red Carpet Blog
Elements of Style Blog
Employment Nigeria Blog
Encomium Magazine
Events
Expert Career Advice | Ladders
Fame10
Fashion - ELLE
fashion blogger & lifestyle blogger
Fit Bottomed Girls
Fitneass
FitnessRX for Men
FitnessRX for Women
fitpn.com
Footwear NewsFootwear News
GistUs.com
Good Housekeeping
Gossip
Health Tips Portal
Healthy Living
Healthy Living - The Huffington Post
Hotnigerianjobs.com
IFTTT
Indeed Blog
InStyle Celebrity News
InStyle Fashion News
InStyle Fashion Trends
InStyle Hair Trends
Interviews Guide
Jaguda.com
Job Guide
Job Vacancies in Nigeria
Joblanda – Latest Jobs in Nigeria Today
Jobs
JustLuxe: Fashion News
JustLuxe: Luxury Cars News
JustLuxe: Luxury News and Reviews
JustLuxe: Womenandapos;s Style News
LATEST BREAKING NEWS
Life & Love - ELLE
Liveofofo
Men's Fitness
Miss Petite Nigeria
Muscle & Fitness
Ngcareers- Jobs in Nigeria
Nigerian Celebrity News + Latest Entertainment News
Nigerian Entertainment Today – Nigeria's Top Website for News
Nollywood
North
notjustOk
Nutrition
NYT > Fashion & Style
NYT > Movies
OMG Gist Today
one room at a time
POPSUGAR Home
pulse.ng - Nigeria's entertainment & lifestyle platform online
Punch Newspapers
Rap Radar
Retail Jobs | Indeed.com
sales Jobs | Indeed.com
Scoop and Games
Shape
Simply Recipes
SISIYEMMIE: Nigerian Food & Lifestyle Blog
sites.google.com/view/kamagratablette/
Small House Swoon
South & Central America Jobs - jobs.ac.uk
The Daily Muse
The Everygirl
The GentleManual
The GentleManual | A Handbook for Gentlemen & Scoundrels
The GentleManual | A Handbook for Modern Gentlemen
The Nation Nigeria
TheEverygirl
TheInterviewGuys.com
Thought Catalog
tooXclusive
Total Sorority Move
TrustedReviews - Site-wide feed
Unfinished Man
Vanguard News
Videos
Vogue
Wear to Work – Corporette.com
Weddings
Welcome to Linda Ikeji's Blog
Welcome to Naijadailyfeed's Blog
WWDWWD
YNaija

Court freezes Stella Oduah’s firms’ accounts over $16.4m, N100m debt

Ramon Oladimeji

The Federal High Court in Lagos has frozen the bank accounts of four companies linked to a former Minister of Aviation, Stella Oduah, over alleged indebtedness of $16,412,819.06 and N100,493,225.59.

 The four companies whose accounts were frozen in 21 commercial banks in the country are Sea Petroleum and Gas Company Limited, Sea Shipping Agency Limited, Rotary Engineering Services Limited, and Tour Afrique Company Limited.

 Justice Abdulaziz Anka, who made the freezing order, barred Oduah and the directors of the four companies from making any withdrawal from their bank accounts pending the determination of a debt recovery suit filed against them by Sterling Bank Plc.

 The bank, in an affidavit deposed to by one of its managers, Mr. Segun Akinsanya, averred that the debt stemmed from a loan of  $10,069,620.25 granted Sea Petroleum and Gas Company on October 8, 2012, to finance one unit 5,000MT tanker vessel.

 Adesanya further averred that the company also obtained other loans of $449,600.00, $642,954.00 and $350,000.

He said the bank resorted to filing the suit following the alleged refusal of the oil company to liquidate the loans, which, he said, stood at $16,412,819.06 and N100,493,225.59 as of November 2016.

 Counsel for the bank, Mr. Kemi Balogun (SAN), on Wednesday obtained an order to serve court processes on the defendants by substituted means by advertising same in the newspaper.

 Justice Anka adjourned till March 20, 2017 to take the preliminary objection filed by Oduah’s companies in opposition to the suit.

Copyright PUNCH.
All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

Contact: editor@punchng.com

 

The post Court freezes Stella Oduah’s firms’ accounts over $16.4m, N100m debt appeared first on Punch Newspapers.



from Punch Newspapers http://ift.tt/2l1fuSR
via IFTTT

About Author Mohamed Abu 'l-Gharaniq

when an unknown printer took a galley of type and scrambled it to make a type specimen book. It has survived not only five centuries.

No comments:

Post a Comment

Start typing and press Enter to search