How Oduah purchased $13m oil tanker before being sacked

How Oduah purchased $13m oil tanker before being sacked

 - New investigations show that Stella Oduah carried out some fraudulent deals while serving as minister

- The ex-minister of aviation reportedly bought an oil tanker for about $13million before she was sacked 

- The vessel the ex-minister bought was built in 2012

A shipping and merchant vessel documents has emerged which shows that the embattled ex-minister of aviation Stella Oduah purchased and registered an oil tanker a few months before she was sacked by former President Goodluck Jonathan.

How Oduah purchased $13m oil tanker before being sacked

Stella Odua reportedly bought an oil tanker for about $13million.

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 Sahara Reporters 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.”

READ ALSO: More revelations unravel over Oduah’s alleged N2.5bn fraud

According to Sahara Reporters, 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 Sahara Reporters, 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. Investigations reveal that on August 26, 2014 the Sea Sterling was attacked by pirates off the coast of Bayelsa state but were repelled by security on board.

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.”


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