Kola Aluko sells mansion in US amid EFCC probe

Oil magnate, Kola Aluko, has sold his mansion in Bel-Air, Los Angeles for $21.5 million, a report by Forbes has indicated.

Mfonobong Nsehe, Forbes contributor, quoted the Los Angeles Times as reporting that Aluko, “a controversial Nigerian oil tycoon,” as he is being investigated by Nigerian and European authorities for alleged money laundering.

The 46-year old businessman is said to have sold the house he bought for $24.5 million in 2012, in this case losing $3 million.

“Aluko, 46, apparently sold the residence in an off-market transaction using a limited-liability company.

“…The property sits on more than an acre, has a gated entrance, a subterranean garage and a 132-square-foot infinity-edge swimming pool among other features,” Forbes reports.

Read more: Subsidy Removal: “Don’t Cry More Than The Bereaved”, NUPENG Tells NLC, TUC

Aluko is reported to have a link with former minister of Petroleum, Diezani Alison Madueke, who is also being investigated by anti-graft agencies in Nigeria and the United Kingdom.

Alison-Madueke, in 2010,reportedly awarded Atlantic Energy, co-owned by Aluko, an eye-popping contract to fund operational costs in four lucrative oil blocks for which the NNPC is a stakeholder.

As a benefit, the oil company was given the privilege to lift the crude produced from the oil blocks, sell it, and, from the proceeds, pay the NNPC what is accruing to it.

There are allegations, however, that some of the funds did not get to the NNPC as expected.

Forbes said Aluko did not reply to an email sent to him to confirm the story.

Leave a Reply

Be the First to Comment!

Notify of
avatar

wpDiscuz