If you can't seal up the leak,try some nyebar,
NyebarŽ Barrier Film
Retards oil migration from bearings and bushings
Prevents relay and printed circuit contact contamination
Applications
Worm shafts (to protect brake pulleys)
Motor Shafts (to protect armature and commutators)
Oil type Dashpots (Otis overloads - prevents oil from pumping when applied to the flat plate. Pumping causes loss of oil and is apparent when oil forms a drop on the retainer ring)
Secondary sheaves (When applied inside the housing, it will prevent oil from leaking out of the bearing and onto the floor)
http://nylube.com/Lubricants.html