A Federal High Court sitting in Lagos on Thursday adjourned till October 19, hearing in a suit filed by Sterling Bank Plc against a former Minister of Aviation, Stella Oduah, over alleged indebtedness.
Justice Ayokunle Faji adjourned the suit on account of ill health.
The bank claimed that Oduah and her firm, Sea Petroleum and Gas company Limited, are indebted to it to the tune of $16.4 million and N100.5 million.
The suit was earlier adjourned for hearing of all pending applications but Justice Faji told counsel on Thursday that he would only be able to take cases for arraignment and rulings.
Further hearing was, therefore, fixed for October 19, after the court’s vacation.
The suit was initially pending before Justice Abdulaziz Anka of the same court, but was eventually, reassigned to Justice Faji to begin afresh.
In March, Justice Anka issued an order, restraining Oduah and her firms, from making any withdrawal from their account and those of three other companies domiciled with 21 banks in the country.
The other companies include Sea Shipping Agency Limited, Rotary Engineering Services Limited, and Tour Afrique Company Limited.
The court also issued an order directing the said commercial banks harbouring the assets of Oduah and the four companies to sequestrate their indebtedness as at November 2016.
It ordered that the money be kept in an interest yielding account in the name of the Chief Registrar of the Federal court, pending the determination of the suit.
