How Stella Oduah Bought $1.5m House In London Using A Company Registered In Guernsey To Hide Ownership

SaharaReporters has uncovered how disgraced former Minister of Aviation, Stella Oduah, bought a $1.2million home in London, disguising it in the robes of a foreign-registered company in an effort to avoid detection.

The chicanery was undertaken in 2012, when Mrs. Oduah, now the Senator representing Anambra North constituency, but at that time a Minister in the government of President Goodluck Jonathan, used ADRIATIC LAND 4 LIMITED, incorporated in Guernsey in the United Kingdom, for the purchase.   She gave the address of the company, with registration No. 56274, as Mont Crevelt House, Bulwer Avenue, St. Sampson, Guernsey, GY2 4LH.

The transaction, which had been kept secret, was blown open when Mrs. Oduah decided to rent out the house earlier this year and engaged the services of a shady real estate company, Daniel Ford and Company Ltd, for that purpose.  It would be recalled that Daniel Foster and Co recently featured prominently in a US civil case involving a former Minister of Oil Resources, Diezani Alison-Madueke.  The company, which is owned by some UK-based Nigerians, is central to a lot of real estate transactions involving politically exposed Nigerians.

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