News

November 28, 2017

$16.4m, N100.5m: Court to hear indebtedness against Oduah, Jan 25

Oduah

Stella-Oduah

By Onozure Dania

Lagos—The hearing of a suit filed by Sterling Bank Plc against Senator Stella Oduah, over alleged indebtedness of $16.4 million, and N100.5 million, has been adjourned till January 25, 2018, by a Federal High Court, sitting in Lagos.

Senator Stella Oduah

Justice Ayotunde Faji, fixed the date following series of applications filed by the bank and Senator Oduah and other respondents in the suit.

Joined as respondents in the suit are Sea Petroleum and Gas Company Limited, Sea Shipping Agency Limited, Rotary Engineering Services Limited, and Tour Afrique Company Limited. Sterling bank Plc had alleged that Oduah and her companies were indebted to it in the sums of 16.4 million dollars and N100.5 million.

However, when the matter came up for trial, the counsel  to Sterling Bank Plc, Funke Aboyade (SAN), and counsel  to Oduah and other respondents, which include Mr. Onya O, Mrs. Esom E., and Mrs. Idowu, told the court of their clients’ various applications pending before the court.

Some of the applications include, among others an application challenging the competence of the suit, application challenging court’s jurisdiction to entertain the case, and application to discharge mareva injunction earlier granted Sterling Bank, by the former trial judge, Justice Abdulaziz Anka.

Aboyade, asked for extension of time to enable her respond to the respondents’ applications.

After listening to the submissions of all parties, Justice Ayotunde, fixed January 25, 2018, for hearing of all pending applications.