S aharaReporters has exclusively obtained shipping and merchant vessel documents which show that the disparaged former Minister of Aviation Stella Oduah purchased and registered an oil tanker a few months before she was sacked by former President Goodluck Jonathan.

It will be recalled that Mrs. Oduah, now the Senator from Anambra State, was sacked by Mr. Jonathan in February 2014 following a series of exposes from SaharaReporters connecting her to a massive BMW vehicle scandal. In recent days, the Economic and Financial Crimes Commission (EFCC) discovered that N2.5 billion was put in a bank account under the name of Mrs. Oduah’s housemaid.
The EFCC said “Senator Oduah apparently opened the account with her housemaid’s name, image, and details without the housemaid knowing about it.”
This latest scandal, which involves the unexplainable purchase of a massive oil tanker, is connected to Mrs. Oduah’s company Sea Petroleum and Gas Company Ltd. This company purchased the vessel SEA STERLING, with call sign 5NXF, and later registered it in the Port of Lagos.
According to the Certificate of Classification, by the International Classification Society, the SEA STERLING was certified and entered in to the Bureau Veritas Register Book as having unrestricted navigation.
The vessel, also listed as an Oil tanker on the classification document, was stated as being owed by Sea Petroleum and Gas Company Ltd with a Nigerian flag. It was given the registration number 14565J and valid until May 23rd 2017.
The certificate was issued on August 26th, 2013 at Lagos and later obtained compliance and insurance accreditation in September 2013.
Mrs. Oduah’s oil tanker, affixed with the International Maritime Organization (IMO) number 9607318, is said to be able to freight 4,126 gross tons. SaharaReporters found that on August 26th 2014 the Sea Sterling was attacked by pirates off the coast of Bayelsa State but were repelled by security onboard.
A SaharaReporters investigation into the vessel found that it was built in 2012 and is 112 meters long.
One maritime expert, who SaharaReporters provided the specifications of Mrs. Oduah’s oil tanker to, told our correspondent that “a 6,000 dwt [dead weight] product tanker built in 2009 was recently sold for $12.2 million. So a similar sized tanker built in 2012 [like Stella Oduah’s] would probably be valued between $13 and $15 million.”
He added that, “this assumes a willing buyer and a willing seller and also depends on the vessels’ condition and the shipyard it was built.”
Mrs. Oduah was not immediately available for comment on how her company was able to afford this oil tanker.

source:
saharareporters.com/2016/07/06/stella-oduah-purchased-13-million-oil-tanker-being-sacked-minister

You people have started again!

Na wa o

This woman and big big things

I hope it's not true sha

This people no get fear of God niii?

What's the big deal about an oil trading company buying a tanker?

stefanweeks:
Na wa o

This woman and big big things

I hope it's not true sha

Sea Petroleum has been in oil trading business long before she entered politics. Should the company close down because she accepted government appointment.

kITATITA:
What's the big deal about an oil trading company buying a tanker?

It is BIG DEAL when you use the money that was meant to to develop a nation and her people for personal gains.

OYINBOGOJU:


It is BIG DEAL when you use the money that was meant to to develop a nation and her people for personal gains.

Some people need this

I'm not holding brief for politicians but I've read about the BMW and all I can say is that she's profligate but I haven't seen personal benefit attributed to her period as Minister. EFCC has also not come out to confirm the report about her house help and she has not been invited for questioning. She's just a successful businesswoman

Our airport money chai

Abeg where is lalasticlala sef? I know its late but just send this one ...last one for the road

Amazing analysis and follow-up.

Count one : housemaid story (N2.5bn)
Count two: oil tanker story (14mil GBP)
Count three: who are the directors of sea petroleum and gas?
Count four: what has Sterling bank got to do with this transaction. Where is Adenuga sef?

stella... EFCC will soon call u ooo

Nowadays, Sahara reporters and Stella Odua are like thunder and lightning. I like the expository, shaa. In fact, if Sahara reporters open somebody's chapter, they don't stop until all the pages of the chapter are counted, read and understood! I wonder what Nigerian's democracy would have looked like without Sahara reporters. More power to your elbow-SR. My only wish is that government of the day act accordingly when a government functionary is found culpable and exposed #Burantai.

OYINBOGOJU:


It is BIG DEAL when you use the money that was meant to to develop a nation and her people for personal gains.

did she really use our money for personal gain?
Even the BMW matter, no money from have been traced her personally.

It is funny how a successful business woman & organisation is being investigated but someone like OBJ & Tinibu who were relatively poor before becoming president & governor are left walking without anyone looking their side. EFCC is nor investigating how they became stupendously rich.

I am not defending Odua but for an oil company to buy a versel should not be a problem.

KissCODE:
did she really use our money for personal gain?
Even the BMW matter, no money from have been traced her personally.

It is funny how a successful business woman & organisation is being investigated but someone like OBJ & Tinibu who were relatively poor before becoming president & governor are left walking without anyone looking their side. EFCC is nor investigating how they became stupendously rich.

I am not defending Odua but for an oil company to buy a versel should not be a problem.

It's sickening, before it was Diezani Madueke, now EFCC has nothing on her. Bad belle people with nothing but hatred in their brain can't imagine how a successful business person can afford to have more money than selves!!!!

The last admin was one big privatization exercise.

Nigerians forget that these people had a business before entering politics. SR keep publishing, but what's the prove that it's govt money. Because person dey govt, make her business no progress again??

sinistermind:
Nigerians forget that these people had a business before entering politics. SR keep publishing, but what's the prove that it's govt money. Because person dey govt, make her business no progress again??

It's trying to appeal to Buhari's fanatic religious sentiment about wealth distribution.