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UNION HOMES DRAGS FORMER MINISTER FOR AVIATION, SENATOR STELLA ODUAH TO COURT OVER UNPAID DEBT, BATTLE AMCON OVER PROPERTY

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There is no respite yet for Senator Stella Oduah-Ogiemwonyi, representing Anambra North Senatorial district, at the
upper National Assembly, as a Lagos lawyer Barrister Ken Ahia has filed an
application before a Federal high court on behalf of Union Homes Savings
and loans Plc to join as an intervener in the on going debt recovery
suit filed against the Senator and her company Sea Petroleum Oil and Gas
Group limited by Asset Management Corporation of Nigeria AMCON. 
Union homes Savings and loan Plc (the applicant) is contending that
Senator Stella Oduah, Sea Petroleum Oil and Gas Company and five
Directors of the company namely, Okoh Davis Ifeanyi, Enechukwu Humphrey,
Aaekenwa Theophilous Aguguom, Mrs Nwakaego Ageyingbo and Emmanuel
Nnamdi Nwobu are owing the company about N385,750,000.
 
In an affidavit sworn to by the Business manager of Union Homes
Savings and Loans Plc Mr Olayinka Odunoiki and filed before the court by
Barrister Ken Ahia, the Deponent averred that; between December 2009 and November, 2010, Stella Oduah and the
aforementioned persons applied for and were granted various sums of
mortgage loans and some of the properties used as guarantee to secure
the loan E29 and 31E Fat Oboh street Millennium Homes Oniru Private
Estate Lagos as well as F3B, F4A F4B, F5A, F5B, SPG Road Millennium Estate,
Oniru Lekki Lagos State, has now being taken over by AMCON through a
court order.
Mr Odunoiki averred further that, despite restructuring the loan
facilities and interest waiver, the borrowers have failed and refused to
take advantage of the concession granted as they are still indebted to
Union homes loans and saving Plc till date, consequently the order
obtained by AMCON and its receiver manager Moyosore Jubril Onigbanjo SAN
as it affects the current status of the legal ownership of the
mortgaged properties, the subject matter of this application and other
ancillary information are matter of public knowledge in the custody of
Corporate Affairs Commission and the lands Registry.
Therefore Union homes loans and saving Plc is entitled to the
protection of its proprietary interest in the said properties.
Consequently, Union homes loans and Saving Plc is urging the court
to intervene and joins it for the purpose of being heard on their
prayers regarding the aforementioned properties, as they stand the risk
of losing their beneficial proprietary interest in its asset comprised
of the said properties. Unless the court discharges the order and
defreezes the applicant’s business assets targeted by the order and
grants vindication of their right to property under the constitution and
African Charter against the plaintiffs, the applicant is at great risk
of being compulsorily and unjustly divested of their legitimate
investment and proprietary interest by the plaintiffs while purporting
to attach asset of the debtors that is no way connected to applicant.
The interim orders of injunction were procured by suppression non-disclosure and misrepresentation of material facts which the disclosure
would have affected the decision of the court. It would be recalled that, Justice Muslim Sule Hassan, presiding over a Federal High Court in Lagos
south west Nigeria, granted an injunctive order against Sea Petroleum
Oil & Gas Limited, whose chief promoter is former Minister of
Aviation, Princess Senator Stella Oduah-Ogiemwonyi on the application of
Asset Management Corporation of Nigeria (AMCON).


Stella Oduah-Ogiemwonyi, a serving member of the current
Senate, has been having a running battle with AMCON over her inability
to settle a  huge debt of about N20billion
AMCON purchased the Eligible Bank Assets (EBAs) of Sea Petroleum & Gas Limited from Union Bank Plc sometime in 2012. However despite the overtures and efforts made by AMCON to reach
an amicable settlement,  the senator and her co-promoters of Sea
Petroleum and Gas limited had remained recalcitrant.

Failure of the two parties to reach amicable settlement, resulted
in AMCON instituting legal action to recover the debt, alleged to have
been overdue for repayment.  AMCON had since appointed a lagos lawyer
Moyosore Jubril Onigbanjo (SAN) as a receiver.


Some of Sea Petroleum’s assets that has been taken over
include Gas Limited, Sea Petroleum and Gas FZE as well as Star Tourism
and Hotels Limited.
    The court also ordered the freezing of the funds of Sea Petroleum
& Gas Limited and its affiliated companies and principal promoters
held anywhere by any entity or persons in Nigeria, adding that it also
authorised AMCON and its receiver, Moyosore Jubril Onigbanjo, to take
over all assets pledged as collateral for the facility by Sea Petroleum
Oil & Gas Limited.

“Justice Hassan specifically ordered Sea Petroleum Oil & Gas Limited
and its affiliated companies to hand over the company’s business, which
sits on over 9000 square kilometres of land in the fastest developing
area of Lagos State along the Lekki-Epe Express Way; two Tank Farms of
500 metric tonnes capacity; a property at Maiyegun Tourism Zone, Lekki
Peninsula Scheme 11, Lagos Island and a filling station complex at
kilometre 14, Lekki Epe Expressway, Ikota, Lagos State.


“The court order also listed a host of other assets across the country, including Plot 2, block 12C, Babafemi Osapa Crescent Lekki, Lagos State; Block 5, house 4A
Mobolaji Johnson Estate, Lekki, Lagos State; Office/filling station at
Jakande, Lekki, Lagos State; Office complex 1,2 and 3 km 14, Lekki-epe Expressway , Ikota, Lagos State; Filing station Complex at km 14, Lekki Epe Expressway,
Ikota Lagos State; Staff residential Quarters, Ikota Lagos State;
E25-E36, Gat Oboh Drive, Millennium Estate, Oniru, Lagos State and
F3-F5, SPG Road, Millennium Estate, Oniru, Lagos State. The rest
include, SPG Agungi 2 Lekki Lagos State; Office/Filling station complex
at Funmilayo Ransome Kuti, FCT, Abuja; Gas plant at Karu, FCT, Abuja;
Filing station Complex, Lugbe, FCT Abuja and Agriculture Farm at Kuje,
FCT Abuja.”
In compliance with the order of the court, AMCON, through its
receiver, has since   took possession of the assets of Sea Petroleum
& Gas Limited and its affiliated companies.

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Elated Polaris Bank Customer commends Bank for excellent customer service

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Polaris BAnk

Polaris Bank customer, Ife Michael, who recently aired her concerns on X (formerly Twitter) on a school fees transaction, has commended the Bank for resolving her Complaint swiftly as promised.

 

Ife Michael tweeting via her X handle @V_Ifemichael had called out the Bank for ‘seizing’ her funds as sent from a UK University where she had sought admission.

Polaris Bank reacted promptly to her Complaint and engaged her to explain the process and promised to resolve the issue which the Bank did swiftly.

An apparently elated Ife Michael went back to the micro blogging site to recount her experience with an update on her earlier thread of how the Bank swiftly resolved her Complainant.

The Bank, according to her update “responded and reached out to explain in details the guidelines underpinning FX transaction as it relates in particular to International payment.

In her tweet, Ife Michael expressed gratitude to Polaris Bank’s swift action and transparent communication. According to her, the Bank clarified that the situation was complex but assured her that the funds would be promptly refunded to the school. And Polaris Bank did exactly as it promised as it promptly refunded the money to Roehampton University and initiated necessary processes to streamline the refund.

The engagement began when Polaris Bank’s headquarters made the first contact at 11:48 am, and by 3:41 pm on the same day, Ife Michael confirmed that the Bank had successfully refunded the funds and

fulfilled all required procedures. The Bank also took the extra step of writing to the school to facilitate the process.

This positive outcome highlights Polaris Bank’s commitment to customer satisfaction, responsive and excellent customer service, and adherence to regulatory policies. The incident not only showcases effective conflict resolution but also underscores the power of a Bank fostering transparent communication between it and her customers.

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Cristiano Ronaldo wants to leave Manchester United

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Cristiano Ronaldo and his agent Jorge Mendes held meetings with United at Carrington on Tuesday, but his position remains unchanged and he wants to play for a club in the Champions League and win major trophies. United do not want him to go, however, and Ronaldo has started training with the team having missed the club’s pre-season tour of Thailand and Australia due to family reasons.

His potential options elsewhere are limited. Chelsea are not an option anymore, while Bayern Munich and Atletico Madrid appeared to publicly rule themselves out this week. “As we’ve seen on Instagram, Ronaldo has been keeping fit, so there are no concerns from Manchester United over his fitness or physical level; he’s one of the fittest players in world football.

“Ultimately, The Portuguese forward did state his desire to leave Old Trafford, but he’s running out of options, and it seems like he’s actually going to have to stay. Perhaps he will try and swing it where the 25 per cent pay cut in his contract will be waived away by United, perhaps he wants to manoeuvre and muscle a new deal, we’ll have to wait and see. But it doesn’t look like Stamford Bridge is on his cards.

“Chelsea have distanced themselves from a deal for Ronaldo, as have Bayern Munich, Napoli and a lot of other elite clubs that Jorge Mendes, who is Ronaldo’s agent, has tried to sell him to. “An offer from Saudi Arabia is astronomical but ultimately, it does not give Cristiano Ronaldo what he wants, which is that legacy. He wants to achieve Champions League records that he thinks no one else will be able to attain in the future.

“He wants to sign off at the absolute highest level. Now, it looks increasingly like he will have to stay at Manchester United because there are no biters from the big clubs.

“Everyone has their forwards already, and Chelsea, who are the only club looking like they could actually potentially be spun by what Cristiano Ronaldo offers off the pitch because we were told that Mendes, while being in front of these clubs, was putting forward his numbers in terms of social media influence, sponsorship that he rakes in, the commercial gain of his shirt sales and stuff like that. But even they now say he is not in their plans. Their immediate aim is to strengthen the defence.

“So, that leaves Ronaldo really with not many choices. We know that he does want to be competing at the highest level so if he does go to Saudi Arabia that cuts against everything he has said and everything we actually know about him and his career.

“Manchester United have always been very calm and very comfortable. They have insisted he is not for sale, and he will see out the last year of his contract. How they manoeuvre this now going forward we’ll see, but Ronaldo is keeping fit, so they have no issues or problems or fears over what state he’ll report back to pre-season in.”

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CONVOCATION: GRACE NATION BIBLE INSTITUTE GRADUATES 120 STUDENTS

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-you must remain a good Ambassador of Christ- Chris Okafor

No fewer than 120 certified Trained Prophetic students of Grace Nation Bible Institute graduated today after they have gone through rigorous prophetic training by the best Teachers Supervised by the anointed servant of God Dr. Chris Okafor. The student was presented with their certificates at the special convocation ceremony held at the International Headquarters of Grace Nation(GBI) in Ojodu Berger Lagos Nigeria. According to the Rector of the institute, they satisfy all requirements and conditions to be awarded a diploma certificate in various fields of Prophetic and Bibles knowledge.

In his words of Encouragement, the President of Grace Nation Bible Institute, Dr. Chris Okafor remarks that he has no doubt in his mind that all the students are well-trained judging by the level and capacity of all the resource Personality who lecture them, train and retraining them to face any challenges that come there ways,
The Apostle of altars also challenged them to be a good ambassador of the school to the outside world through soul-winning to the kingdom of God.

The Generational Prophet of God also remarked that as you have all learned, you must put the name of a school in good repute and always ready to work for the Lord at any time

Some of the course covered in the 8weeks program includes Evangelism and soul-winning, spiritual development and Human Management to mention but few

The highlight of the convocation was the Presentation of Certificates to all the students, according to the Rector all the students perform excellently well

Earlier in his sermon, the Senior Pastor Grace Nation and the Generational prophet of God Dr. Chris Okafor teach on the series, ”The Covenant Day of Settlement” said settlement comes when you fulfill all the Principles of Settlement,
the man of God said nothing come free but when you applied the principles and follow it diligently you will easily get a settlement on all side

The realm of the Prophetic witnessed another higher dimension of Prophetic movement and deliverance through the Set Man, the Generational Prophet of God Dr. Chris Okafor, He visited many family altars and set many captives free, he also delivered people with blood-line diseases while delivering miracle babies to expectant mothers

The service came to a close with a special Prayer for the Set Man, the Generational Prophet of God Dr. Chris Okafor who will be making another birthday tomorrow, 4 April 2022.

 

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