The foreclosed $50.9 million penthouse on Billionaire's Row is reportedly owned by a Nigerian tycoon who could be hiding on his yacht
Evan Joseph/Extell Development
A full-floor penthouse in the landmark One57 condo building is headed to the auction block after it was seized under foreclosure, and according to the New York Post, Nigerian energy tycoon Kolawole "Kola" Aluko was the buyer of the unit in question.
The 79th-floor apartment, which was the eighth-priciest sold in the building, will go to auction on July 19. It was purchased for $50.9 million with a $35.3 million mortgage loan from Banque Havilland in 2014.
Aluko reportedly hasn't made his payments, and Banque Havilland has repossessed the home.
Aluko's yacht, the Galactica Star, was listed as collateral on the loan, but neither he nor the yacht has been seen in some time. This has fueled speculation that he is hiding out on the yacht, according to the Post. Aluko is reportedly on the run from Nigerian authorities seeking to question him on allegations of money laundering. Authorities have attempted to freeze Aluko's assets, but the tycoon claims residency in Switzerland and owns properties all over the world.
Aluko and the Galactica Star were last seen in the Bahamas during Ja Rule's failed Fyre Festival in April.
- I quit McKinsey after 1.5 years. I was making over $200k but my mental health was shattered.
- Some Tesla factory workers realized they were laid off when security scanned their badges and sent them back on shuttles, sources say
- I tutor the children of some of Dubai's richest people. One of them paid me $3,000 to do his homework.
- Global GDP to face a 19% decline by 2050 due to climate change, study projects
- 5 things to keep in mind before taking a personal loan
- Markets face heavy fluctuations; settle lower taking downtrend to 4th day
- Move over Bollywood, audio shows are starting to enter the coveted ‘100 Crores Club’
- 10 Powerful foods for lowering bad cholesterol