#BBB NEWS| Former Aviation Minister, Stella Oduah, Asks Court Again To Stop EFCC’s Investigation Of Loan Scam

Officials of a company belonging to former Aviation Minister, Stella Oduah, has asked a court to prohibit the Economic and Financial Crimes Commission (EFCC) from investigating them on an alleged loan scam involving N142 million.

Mrs. Oduah’s company, Sea Petroleum and Gas Company Limited, and six of its directors, Humphrey Enechukwu, Ifeanyi Davis Okoh, Magdalene Udumebraye Ideh, Emmanuel Nnamdi Nwaobu, Theophilus Anaekwenwa Aguguom, and Nwaka Ogeyingbo, are urging a Federal High Court in Lagos, Nigeria, to order a stop to the EFCC’s investigation and possible prosecution.

Apart from the EFCC, Union Homes Saving and Loans Plc. and a Lagos lawyer, Ken Ahia, are also joined as co-respondents in the lawsuit. The applicants’ lawsuit was provoked by letters of invitation the EFCC sent to the former minister and other directors of her company to respond to a petition by Union Homes Saving and Loans accusing them diversion of the bank’s funds.

The financial institution’s petition, dated February 6th, 2015, accused Mrs. Oduah and her company of owing the bank N140 million, adding that the debtors had failed to pay back despite several concessions by the bank. The petition also asserted that the delinquent company and its directors are fully capable of repaying the loan.

#BBB NEWS| BMW Car Scandal: EFCC Tells Court To Dismiss Former Aviation Minister Stella Oduah’s Lawsuit

The Economic and Financial Crimes Commission has filed a preliminary objection to the suit filed by a former Minister of Aviation, Princess Stella Oduah, seeking court’s protection from probe. (pictured above) Stella Oduah is the former Nigerian Aviation Minister who purchased armored BMW cars for $1.6m

Oduah had, on August 26, 2015, obtained an interim injunction barring the EFCC from taking any action against her as regards the purchase of two armored BMW cars at a cost of N160m in 2013 by the Nigeria Civil Aviation Authority, under her watch.

Justice Mohammed Yunusa of a Federal High Court in Lagos granted the order following an ex parte application by Oduah’s lawyer, Mr. R.A. Oluyede.

Also restrained by the order are the Independent Corrupt Practices and other related offenses Commission; the Attorney General of the Federation and the Inspector General of Police.