After Seizing Super Yacht, United States Moves To Confiscate Nigerian Oil Mogul Kola Aluko’s $25m Mansion, Other Luxury Properties

Kola Aluko

The United States Department of Justice money laundering and asset recovery section has initiated proceedings at the US District Court for the Southern District of Texas to seize a $25m mansion in Los Angeles owned by Kola Aluko, an ally of Diezani Alison-Madueke, former Minister of Petroleum Resources in Nigeria.

From 2011 to 2015, Aluko and Olajide Omokore, alledgedly conspired with others to bribe Alison-Madueke in order to win oil production contracts worth $1.5bn, according to a civil forfeiture complaint.

Kola Aluko

The duo won major service contracts with the Nigerian National Petroleum Corporation through their company, Atlantic Energy Oil.

According to the Africa Intelligence, Department of Justice is tirelessly pursuing its hunt for assets acquired on American soil by the two.

The US Government, represented by Joshua Lee Sohn, trial attorney at the DoJ, said it had initiated proceedings at the court, which hears many federal asset-forfeiture cases to seize a villa at 755 Sarbonne Road in western Los Angeles acquired in 2012 by Aluko.

This luxurious property, which includes an infinity pool and 1,400 square metres of land on the city’s heights, is estimated to be worth nearly $25m.

It said said the mansion was acquired through “specified illegal activity” that justifies its confiscation.

Aluko also bought three other mansions in US through shell companies, one in Beverly Hills worth $15m and two in Santa Barbara for $33m, however, these properties are not yet involved in seizure proceedings.

Corruption

CRIME

News

AddThis

Original Author

SaharaReporters, New York

Disable advertisements

from 24HRSNEWS
via 24HRSNEWS

from EDUPEDIA247https://ift.tt/3h2HjHB
via EDUPEDIA

Comments

Nigerian Academy Of Science Inducts First Female President

The Nigerian Academy of Science has inducted a professor of Parasitology/Epidemiology, Ekanem Ikpi Braide, as its 19th President on Thursday. In a statement issued by Oladoyin Odubanjo, the Executive Secretary of the Academy, Braide is the Academy’s first female President in 44 years of existence. It read, “Braide was a member of the national committee that achieved the laudable feat of guinea worm eradication in Nigeria. “She has a rich professional experience as a researcher and an administrator. In July 2010, Professor Braide was honoured by the President of Nigeria with the award of Officer of the Order of the Federal Republic (OFR) for her contribution to disease control in Nigeria. “She was nominated by the Honourable Minister of Health to serve in the Ministerial Expert Advisory Committee on COVID-19 Health Sector Response (MEACoC-HSR). “Professor Braide served as Vice-Chancellor, Cross River University of Technology (CRUTECH) Calabar, Nigeria (2004 to 2009) and as P...

NLNG Signs Letter Of Intent On Delayed Gas Expansion Project

The Nigerian Natural Liquefied Gas LTD has signed a letter of intent for the engineering, procurement and construction of its long held up Train Seven project. In a statement released by the company on Wednesday, it said that the $10bn project will be executed by a consortium of Italian firm Saipem, Japan’s Chiyoda and South Korea’s Daewoo. The statement reads, “The project will form part of the investment of over $10bn including the upstream scope of the LNG value chain, thereby boosting the much needed Foreign Direct Investment profile of Nigeria.” Managing Director of NLNG, Tony Atta, said in 2018 that the Final Investment Decision would be made in the fourth quarter of that year. This did not however, materialize. According to the release, the project will have a four to five-year execution time after the signing of the FID. The project is expected to add an extra 8 million tons per annum of gas to the 22 mtpa currently exported by the company. Oil News AddThis :...

Former Maritime Agency Boss, Buba Galadima, Accuses AMCON Of Witch-hunt After Property Takeover

A former Director-General of the Nigeria Maritime Agency, Buba Galadima, has accused the Asset Management Corporation of Nigeria of witch-hunt after the agency took possession of his business and assets on Tuesday in Abuja. Galadima, an ardent critic of President Muhammadu Buhari, claimed that he did not borrow money or have unpaid debt with Unity Bank, which lodged a complaint against him and occasioned AMCON’s move on Tuesday. The properties taken over include House No. 15, Addis Ababa Crescent, Wuse Zone 4, Federal Capital Territory, Abuja and House No. 4, Bangui Street, Wuse 2, also in Abuja. Reacting to the situation, Galadima said, “This is an attempt to disgrace and break me down. This is injustice and an attempt to humiliate me. "But I am unbreakable and they can never silence me. They sacked me and over 50 people that sleep in the apartment. "We don’t know where to go. We will remain on the streets. We will remain on the streets until God provi...

EDUPEDIA247

Search This Blog