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

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.

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