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Court Hears Sterling Bank’s $16.4m Suit Against Stella Oduah June 29



Leadership Nigeria News Today

A Federal High Court in Lagos yesterday adjourned the debt recovery suit filed by Sterling Bank Plc against a former Aviation Minister, Senator Stella Oduah to June 29.
The court adjourned the suit, in which the bank alleged that Senator Oduah and her company, Sea Petroleum and Gas Company Ltd, were indebted to it in the sum of $16.4 million and N100.5 million, due to the absence of the judge, Justice Ayokunle Faji.
Justice Faji, who had earlier fixed Tuesday for the hearing of all pending applications filed by all the parties in the suit, was said to be indisposed.
The suit was initially pending before Justice Abdulaziz Anka, of the same court, but was eventually, reassigned to Justice Faji after Justice Anka was transferred outside the Lagos Division of the Court.
Justice Anka had in March this year, granted an order, restraining Senator 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 listed in the suit are: Sea Shipping Agency Ltd, Rotary Engineering Services Ltd, and Tour Afrique Company Ltd.
The court had also issued an order directing all the commercial banks harbouring the assets of Oduah and the four companies to sequestrate their indebtedness as at November 2016.