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Kola Aluko N16 billion apartment to be auctioned ( Read up why )

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Nigerian energy businessman Kola Aluko, declared wanted by the EFCC, has been identified as the owner of Apartment 79, a penthouse apartment in One57, one of New York City’s most expensive residential buildings.

However, the apartment would be sold to the highest bidder by a Luxembourg based Banque Havilland, in a foreclosure auction in July, the New York Post reported.

The penthouse sale is seen as the most expensive foreclosure in New York City.

Aluko, 48, is believed to be hiding out on his yacht, which he rented to Jay Z and Beyoncé in 2015 for $900,000 a week.

The energy businessman, a friend of stars such as Jay Z and Jamie Foxx, has not been seen for a while, which has sparked rumours that he is hiding away on his yacht, which was last registered in the Bahamas in May.

Mr. Aluko was reportedly last seen in Hong Kong in May and his yacht is currently in the Bahamas, according to the report.

His bank has also listed the yacht, the Galactica Star, as collateral in the foreclosure, but the yacht is ‘out of range’ at the moment.

Mr. Aluko rented the Galactica Star to Jay Z and Beyoncé in 2015 for $900,000 a week and allegedly showed up at the Ja Rule Fyre Festival in the Bahamas in late April with his yacht.

The businessman is also close friends with Leonardo DiCaprio and made a large donation to DiCaprio’s environmental charity as well as attended the actor’s birthday party in New York City in 2013.

The energy tycoon sold a 2.4-acre estate in Montecito, California, to Gwyneth Paltrow for an undermarket $4.9 million.

In 2012, he bought an 11,478-square-foot house in Bel Air for $24.5 million, then sold the property in 2016 for $21.5 million.

He also owns a home in Beverly Hills that was also purchased in 2012 for $14.7 million.

Mr. Aluko is also avoiding Nigerian authorities who tried to freeze his asset in February as part of a money-laundering probe that also involves ex-Petroleum Minister Diezani Alison-Madueke, an ally of Mr. Aluko.

Apartment 79 was sold to a Aluko in December 2014 for $50.9 million, making it the eighth most expensive unit in the building, according to New York City property records.

Less than a year later however, he took out a $35.5 million mortgage from Banque Havilland in Luxembourg to help pay for the apartment.

When Mr. Aluko failed to pay the loan back a year later, the bank took possession of the 6,420-square-foot apartment, according to court documents.

Now the bank is planning to auction off the four-bedroom apartment on July 19 to regain the mortgage plus interest.

“It’s probably the most-expensive foreclosure we’ve ever seen in luxury development. I don’t know of a foreclosure that’s larger than that,” Donna Olshan, president of high-end Manhattan brokerage Olshan Realty Inc., told newsmen.

One57 was built by Extell Development Co. and was the tallest residential building in Manhattan until 432 Park Ave was completed a few months later.

Construction started on the building in 2009 and finished in 2014, creating a trend of similar ultra-luxury high-rises on 57th street, which has now been coined ‘Billionaire’s Row’.

Amenities in the building include a 24-hour doorman and concierge, fitness centre, yoga studio, private dining room, catering kitchen, library, valet service and on-site parking.

Source: (NAN)

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#EndSARS: Enugu Govt Adjusts 24-Hour Curfew

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#EndSARS: Enugu Govt Adjusts 24-Hour Curfew
#EndSARS: Enugu Govt Adjusts 24-Hour Curfew

Ifeanyi Ugwuanyi

Governor of Enugu State, Ifeanyi Ugwuanyi has relaxed the 24-hour curfew imposed on the residents of the State.

Recall that the Governor had declared curfew in Enugu East, Enugu North, and Enugu South Local Government Areas of the state following an outbreak of violence in those areas.

However, following the return of relative calm and hardship being suffered by residents of the affected areas, the Governor adjusted the curfew.

Also Read: #ENDSARS: IGP Talks Tough, Says Enough Is Enough

This was announced in a statement issued by the State Commissioner for Information, Mr Chidi Aroh, on Saturday.

“In its place, a 13-hour curfew from 6 pm to 7 am daily, is imposed in Enugu East, Enugu North and Enugu South Local Government Areas, with effect from 6 pm on Sunday, 25th October 2020 until further notice.”

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Fani-Kayode Condemns Video Asking Igbo Indigenes To Leave Yorubaland

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‘You Are A Dictator, Sociopathic Disgrace’ – Fani-Kayode Attacks Buhari
Fani-Kayode Condemns Video Asking Igbo Indigenes To Leave Yorubaland

Femi Fani–Kayode

Former Minister of Aviation, Femi Fani-Kayode has condemned the threat of violence on Igbo indigenes in Yorubaland.

In a video circulating on social media, Grandson Adeyinka, a UK-based Nigerian, called on Igbo indigenes to leave south-west states.

Also Read: Nobel Laureate, Soyinka Denies Video Claim On Igbo, Yoruba

In the video, Adeyinka issued a 48-hour ultimatum to the Igbo, warning that those who refuse to leave will be dealt with.

Reacting to the video, the former Minister distanced the Yoruba people from the statement, urging the Igbo people in Lagos to stand firm and stand their ground.

He wrote:

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El-Rufai Imposes 24-hour Curfew On Seven Communities In Kaduna

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Governor El-rufai
El Rufai Imposes 24-hour Curfew On Seven Communities In Kaduna Metropolis

Governor El-rufai

Governor of Kaduna State, Nasir El-Rufai has declared a 24-hour curfew in some communities in Kaduna South and Chikun Local Government Areas (LGAs) of the state.

The Commissioner for Internal Security and Home Affairs, Samuel Aruwan announced this is a statement on Saturday.

Although the reason for the restriction was not stated, it follows the looting of warehouses – where COVID-19 palliatives were reportedly stored by the government – by residents.

Also Read: Lekki Shooting Casualties ‘Have Questions To Answer’ — Tinubu

Residents were said to have trooped to Gwari Avenue where they discovered a warehouse and immediately forced it open and carted away food items.

Reacting to the development, the government directed security agencies involved to arrest and prosecute anyone found violating the curfew, and those responsible for the breakdown of law and order as well as looting and destroying properties.

The affected communities include Barnawa, Kakuri, and Television in Kaduna South LGA, and Maraban Rido, Sabon Tasha, Narayi, and Ungwan Romi of Chikun LGA.

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