Energy tycoon and Nigerian playboy Kolawole “Kola” Aluko may lose his 79th-floor penthouse to bank foreclosure.

New York Post reports that the 48-year-old business tycoon, who is friends with Jay Z, Beyoncé and Naomi Campbell hasn’t been paying his bills on the $50.9 million luxury condo, and a European bank is forcing a sale next month.



79th floor penthouse belonging to Kola Aluko about to be foreclosed due to bills not being paid by the Energy tycoon
The Luxembourg-based Banque Havilland, which issued a $35.3 million mortgage on the 6,240-square-foot spread at 157 E. 57th St., has listed as collateral Aluko’s 213-foot yacht, the Galactica Star, and is looking to collect what it’s owed plus interest, court documents show.

On top of the unpaid mortgage that came due last fall, Aluko also has been racking up maintenance fees and taxes on the property. He has not been seen for some time, prompting speculation that he is hiding out on the Galactica Star.

The boat which Aluko rented to Jay Z and Beyoncé in 2015 for $900,000 a week was last registered in Freeport, the Bahamas, on May 3, but is currently “out of range,” yacht trackers said.

Lately, Aluko has been dodging Nigerian authorities, who in February tried to freeze his assets including the apartment as part of a money-laundering probe.

Aluko, who claims Switzerland as his residence, was among those who allegedly obtained lucrative contracts from Nigeria’s former oil minister, who has also been accused in a $1.76 billion scheme to defraud the government of oil sale profits that both have denied.

The alleged plot may have parked the money in assets around the world, including jets, automobiles and pricey real estate in London, Sweden, Dubai, New York and California.

Aluko has been busy flipping many of the expensive properties he’s bought; selling off previously bought properties in California and Florida


Read more at http://www.herald.ng/kola-alukos-50million-new-york-pent-house-foreclosed/

Good for him.

I knew that girl will run him down. Local boy that used his life fortune to impress Naomi.
If only he chose a naija girl...he won't have gotten broke.

Probably he intentionally left it since he knows he would be repatriated very soon and the property would be seized by Nigerian Govt.

noted

See money!!!!!

Someone at the top said it all



But where is that frog eye madueke

peckhamboi:
E no go better for Goodluck Jonathan wherever he dey.

See You.

One of the GEJ billionaires.

The apartment was acquired through a shell company based in Barbados.

The company was under investigation for money laundry.


Mortgage payments were discontinued to throw off any leads.

Kola, I heard is now residing on his multi million dollar yacht on international Waters only making port calls for essential supplies.

peckhamboi:
E no go better for Goodluck Jonathan wherever he dey.

Awon "our oyel money" people don land

The way they waste our resources on foreign soil is earth quaking leaving one in a state of imbroglio

Kola Aluko is the biggest "thief" amongst them ...He looted us "biggerly"..spent his loot on Private jet,Yatch,choice properties all over the world, also the only African in Uk to own more than one Bugatti Veyron.

I bet you whoever bought it has a back trade for Aluko's gain. American real estate deals are the easiest channel to launder money on the globe, worse that narcotics or liquor. If you trace the foreclosure money a chunk of it will go underground through racketeers that recycle and send it back up CLEAN & LEGIT into Aluko's estate. Na today?

Craziness

APCHaram:
The apartment was acquired through a shell company based in Barbados.

The company was under investigation for money laundry.


Mortgage payments were discontinued to throw off any leads.

Kola, I heard is now residing on his multi million dollar yacht on international Waters only making port calls for essential supplies.

Story Story Story, nothing special about the deductive reasoning. Aluko is in no Yatch. Yatch was a collateral and has been sold off, and the mortgage is not worth his freedom.

Nice one

nnnn

Ok.

He was also spotted with Dangote, Otedola & Sons eating sallah meat; they're the association of big debtors.

wow

and he has children right

Ok

The advantages of spending in Nigeria... No much bills and shii..

One of the several overnight billionaires made by our humble ex president.

Diezani wrecked Nigeria silly!

We spend it all, everything repossessed... Nothing left for our children. Summary of an average black man

Afonja criminal

peckhamboi:
E no go better for Goodluck Jonathan wherever he dey.

Amen to that!