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Nigerian oil tycoon and billionaire Kola Aluko‘s $50.9 million penthouse in the Billionaires’ Row building in New York has been foreclosed after failing to make mortgage payments.

Oil magnet Kola Aluko’s $50.9m New York Penthouse Foreclosed

A view of Central Park, taken from the Top of the Rock Observation Deck, showing the One57 building at left of picture on July 24, 2015 in New York. Super tall, super skinny and super expensive: a new generation of New York skyscrapers, some taller than the Empire State building, are altering the world’s most famous skyline. AFP PHOTO/WILLIAM EDWARDS (Photo credit should read William Edwards/AFP/Getty Images)


The billionaire, who is wanted by the Nigerian government for charges of money laundering, acquired the 6,240-square-foot full floor penthouse in December 2014 under a shell company listed in public records as One57 Inc.

A Luxembourg based Bank Banque Havilland, from which the Aluko took a $35.3million mortgage, according to New York Post is forcing a sale and has listed Aluko’s 213-foot yacht the Galactica Star as collateral, after the billionaire failed to repay the mortgage which was due a year later.

It is suspected that Aluko is hiding out on the Galactica Star, which he rented to JAY-Z and Beyoncé in 2015 for $900,000 a week.

Besides the unpaid mortgage, Aluko also owes property taxes and maintenance fees.

The apartment is scheduled for auction on July 19, according to real estate data firm PropertyShark.

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

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.

Aluko is also avoiding Nigerian authorities who tried to freeze his assets in February as part of a money-laundering probe.

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 dollars mortgage from Banque Havilland in Luxembourg to help pay for the apartment.

When 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.

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How a Doctor Killed my Son – Eucharia Anunobi

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How a Doctor Killed my Son - Eucharia Anunobi

How a Doctor Killed my Son – Eucharia Anunobi

Veteran Nollywood actress Eucharia Anunobi has this week made huge revelation about how she lost her son due to a Doctor’s carelessness.

In a chat with Saturday Beats, the actress explained why she decided to celebrate her son’s posthumous birthday with the motherless babies and why she decided to give some of his personal effects to young inmates at the Special Correctional Centre for the Boys. According to her;

“I have not removed my mourning clothes, neither have I opened my hair since the death of my son. I have only been wearing white since his demise and the reason I have maintained this is because my son was a good boy to me; but he was mistakenly killed by the doctor. My son was not supposed to die.

He was a very wonderful child. I decided to honour him by marking his 16th birthday posthumously the way we normally do. During our birthdays, we usually visited the motherless babies and show them love by donating some clothes and food to them.

This year would not be any different from the previous ones we have celebrated.  I am going to do it the way my son and I had always done it and I would give out some of his personal effects.

Normally, when someone dies, you do not touch their things for about a year. For instance, if a man’s wife dies he is not expected to touch her things or dispose of them till after a year. Initially, I decided to do the same thing but I later changed my mind and that is why I donated some of his things to a government-owned motherless babies’ home and also to the boys at the Special Correctional Centre for the Boys. I am doing this because I am a humanitarian and to let the motherless babies know that we love them.”

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Cee C and I are not Related – Ebuka’s wife ‘Cynthia

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Cee C and I are not Related - Ebuka’s wife 'Cynthia

Cee C and I are not Related – Ebuka’s wife ‘Cynthia

Ebuka’s wife, Cynthia has distanced herself from the Big brother Naija housemates Cee C as she claims that they’re in no way related.

There has been reports that Mrs Cynthia Ebuka and Cee C are related maybe because of the striking resemblance, or because she made a post about the house mate on the first day of the show.

This came as a twist to so many people as Ebuka is the presenter of the Big Brother Naija show.

Cynthia has however taken to her Snap to debunk rumors that she is related to Ceec insisting that she is not the elder sister. See her snap below

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Don Jazzy to a Beggar; A Strange Snake ate my Money

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Don Jazzy to a Beggar; A Strange Snake ate my Money

Don Jazzy to a Beggar; A Strange Snake ate my Money

Don Jazzy took to his instagram page to share a hilarious conversation between him and  a female fan who begged him for money.

When the lady told him “come and do new year for me naw ‘, Don Jazzy simply told her that ‘I’m sorry no money ma, a strange snake has swallowed it’.

See the  chat below.

Don Jazzy to a Beggar; A Strange Snake ate my Money

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