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Kola Aluko Sells His Los-Angeles Mansion - Politics - Nairaland

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Kola Aluko Sells His Los-Angeles Mansion by modath(f): 10:50am On May 16, 2016
The Los Angeles Times has reported that Kola Aluko, a controversial Nigerian oil tycoon, has sold his Bel-Air, Los Angeles mansion, as Nigerian and European authorities investigate him for a series of money-laundering and fraud-related crimes.

Kola Aluko sold the home last week for $21.5 million, taking a $3 million loss after purchasing the sprawling residence in 2012 for $24.5 million. Aluko, 46, apparently sold the residence in an off-market transaction using a limited-liability company. An off-market sale in real estate refers to a property that is sold without any form of public advertising.

Aluko’s former home- a contemporary-style showplace in the 700 block of Sarbonne Road, Los Angeles, was designed by architect Paul McClean and built in 2011. 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.


[b]For a long time, Aluko had been linked as a business associate of Nigeria’s former Petroleum minister, Diezani Alison-Madueke, who is also currently under investigation by Nigerian and British authorities for money laundering and embezzlement. Shortly after she became oil minister in 2010, Alison-Madueke awarded Atlantic Energy- an unknown start-up co-founded by Aluko, a very lucrative contract to fund NNPC’s (the state oil company) operational costs in four lucrative oil blocks in which the NNPC owned a stake. In return for providing funding to the NNPC, Atlantic Energy was to lift the crude produced from the oil blocks, sell it, and thereafter pay the state-owned oil firm its share of profits. But there is an allegation and considerable proof that Atlantic Energy did not make any upfront funding but lifted crude and that a huge chunk of the proceeds from the sale of the crude oil did not make it to NNPC’s coffers and, by extension, the Nigerian treasury.[/b]

An email to Kola Aluko to confirm the sale of his Bel-Air property was not responded to as at the time of this post.


http://www.forbes.com/sites/mfonobongnsehe/2016/05/15/nigerian-oilman-kola-aluko-sells-his-bel-air-mansion-for-21-5-million/#55de2bc388ae

2 Likes 1 Share

Re: Kola Aluko Sells His Los-Angeles Mansion by modath(f): 10:51am On May 16, 2016
Kola Aluko sold the home last week for $21.5 million, taking a $3 million loss after purchasing the sprawling residence in 2012 for $24.5 million. Aluko, 46, apparently sold the residence in an off-market transaction using a limited-liability company. An off-market sale in real estate refers to a property that is sold without any form of public advertising.

Quick sale, Took A LOSS , anyone {even the most recalcitrant of wailers can read between the lines} can see there is fire on the mountain..

I can bet this was done in order to avoid prosecution.....

That should be about 4bn..... Remaining Jide Omokore..... dat Diezani sef!!!!!!!

74 Likes 3 Shares

Re: Kola Aluko Sells His Los-Angeles Mansion by gwales: 11:02am On May 16, 2016
Wailers would still claim that there is no fight on corruption

44 Likes 1 Share

Re: Kola Aluko Sells His Los-Angeles Mansion by Nobody: 11:08am On May 16, 2016
Sai Buhari shocked

See our crude oil money on him and his cohort undecided

Anyway, i like those suit, suitable for seeking contract in Abuja this June cheesy

5 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by malton: 11:15am On May 16, 2016
shocked

The wind of change is blowing so hard. See as their nyash dey open wide for public. Welcome back down to reality!

16 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by OZAOEKPE(m): 11:16am On May 16, 2016
businessmen being prosecuted for nothing sad
Re: Kola Aluko Sells His Los-Angeles Mansion by MrDavidson: 11:19am On May 16, 2016
This was the same man that during the previous regime bought cruise ship for at least $50m that even two American "celebrities" once borrowed for their birthday. I don't hate GEJ but thank God for Change.

See pic below...

92 Likes 3 Shares

Re: Kola Aluko Sells His Los-Angeles Mansion by forghon: 11:24am On May 16, 2016
MrDavidson:
This was the same man that during the previous regime bought cruise ship for at least $50m that even two American "celebrities" once borrowed for their birthday. I like GEJ but thank God for Change.

See pic below...
sure Beyonce and jay z I guess

17 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by modath(f): 11:29am On May 16, 2016
MrDavidson:
This was the same man that during the previous regime bought cruise ship for at least $50m that even two American "celebrities" once borrowed for their birthday. I like GEJ but thank God for Change.

See pic below...

Imagine!!!!!!!!

All you'll hear is "i'm into oil and gas", one tank farm, one vessel, staff, logistics coy, nothing dem nor get, just portfolio company name and bank account!!!!!! see them making hard honest workers look foolish..

God will punish them all,including generations yet unborn that they are amassing such obscene wealth for!!!

100 Likes 6 Shares

Re: Kola Aluko Sells His Los-Angeles Mansion by MrDavidson: 12:10pm On May 16, 2016
modath:


Imagine!!!!!!!!

All you'll hear is "i'm into oil and gas", one tank farm, one vessel, staff, logistics coy, nothing dem nor get, just portfolio company name and bank account!!!!!! see them making hard honest workers look foolish..

God will punish them all,including generations yet unborn that they are amassing such obscene wealth for!!!

My sister, that was the norm of recent past. Very pathetic.

17 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by Ijaya123: 12:18pm On May 16, 2016
Thank God GEJ was voted out. Nigeria would have been worse off than Zimbabwe and Greece.

Where are those wailing buffoons always shouting witch-hunting and media trial?

Bunch of hypocrites who have chosen to live in self denial.

56 Likes 1 Share

Re: Kola Aluko Sells His Los-Angeles Mansion by rusher14: 12:20pm On May 16, 2016
Took a loss of $3 Million by CBN = 600 Million Naira. By BDC = 1 Billion Naira.

Think how many factories, small and medium enterprises could do with that princely sum.

Yet, people want us to celebrate these criminals.

90 Likes 2 Shares

Re: Kola Aluko Sells His Los-Angeles Mansion by omowolewa: 12:20pm On May 16, 2016
Apah! Omo oni'nakuna!! 3million dollar gone like that.
Now, I see why money laundry act should be tightened.

Arungun Laasan laasan!!! (I know you understand Yoruba)

8 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by DaBullIT(m): 12:42pm On May 16, 2016
i don read this news early momoh today , but i no even think say make i post am


Ashey him too na yam chopper ?

Later some people will tell us nobody is returning any money






has anyone noticed that the number of views is exponentially larger than the average comments per view per minute


WAILERS ARE PEEPING AND RUNNING

31 Likes 1 Share

Re: Kola Aluko Sells His Los-Angeles Mansion by 989900B: 12:53pm On May 16, 2016
modath:


Imagine!!!!!!!!

All you'll hear is "i'm into oil and gas", one tank farm, one vessel, staff, logistics coy, nothing dem nor get, just portfolio company name and bank account!!!!!! see them making hard honest workers look foolish..

God will punish them all,including generations yet unborn that they are amassing such obscene wealth for!!!

I watched Farouk Lawan quiz them back then, and just SMH @ the level of n@ked stealing.

I have some of them as friends.

SMH @ those ND lost souls, when Diezani and GEJ were busy looting their futures away they didn't remember them, but remembered their fellow cronies regardless of tribe.

26 Likes 1 Share

Re: Kola Aluko Sells His Los-Angeles Mansion by slimfit1(m): 12:56pm On May 16, 2016
rusher14:
Took a loss of $3 Million by CBN = 600 Million Naira. By BDC = 1 Billion Naira.

Think how many factories, small and medium enterprises could do with that princely sum.

Yet, people want us to celebrate these criminals.

This is what I'm saying why can't the government give this money out as loans for some companies or individuals to build factories and industries to that we can have jobs and keep money within instead of it wasting away.

1 Like

Re: Kola Aluko Sells His Los-Angeles Mansion by Dudeweedlmao(m): 1:03pm On May 16, 2016
Buhari is becoming a nightmare for the rich upper class citizens.

17 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by NwaNimo1(m): 1:04pm On May 16, 2016
If he had invested the money in factories that employed people in Nigeria his theft would have been better...

4 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by Herapal(m): 1:05pm On May 16, 2016
K
Re: Kola Aluko Sells His Los-Angeles Mansion by Dudeweedlmao(m): 1:05pm On May 16, 2016
slimfit1:


This is what I'm saying why can't the government give this money out as loans for some companies or individuals to build factories and industries to that we can have jobs and keep money within instead of it wasting away.

The government had nothing to do with that $3million loss, read the damn article.

13 Likes 1 Share

Re: Kola Aluko Sells His Los-Angeles Mansion by Category1: 1:09pm On May 16, 2016
[size=13pt]aren't we tired of this loot stuff all the time?...the country has fallen and all we keep on hearing is 2billion 3billion and so on.nawa for this kind government o[/size]

1 Like 1 Share

Re: Kola Aluko Sells His Los-Angeles Mansion by hazyfm: 1:09pm On May 16, 2016
cry cry


Why are some Nigerians suffering?


This man in conjunction with Alison can sponsor the 2016 budget

7 Likes 1 Share

Re: Kola Aluko Sells His Los-Angeles Mansion by Speakdatruth: 1:11pm On May 16, 2016
he just drew attention to himself mumu

1 Like

Re: Kola Aluko Sells His Los-Angeles Mansion by Johnnoo(m): 1:12pm On May 16, 2016
The hammer is coming grin grin grin grin grin
Re: Kola Aluko Sells His Los-Angeles Mansion by davodyguy: 1:13pm On May 16, 2016
the likes of Kola Aluko, Diezani, Jonathan, Dasuki and co are the ones that we should be holding responsible for our woes and not Buhari.

They already milked Nigeria dry, by taken to themselves the wealth that ought to be shared to all Nigerians.

What Jonathan shared via Dasuki is enough to pay fuel subsidy for the next two years.

Why remove fuel subsidy? Ask Kola Aluko, Diezani, Jonathan, Dasuki and co

29 Likes 3 Shares

Re: Kola Aluko Sells His Los-Angeles Mansion by davodyguy: 1:13pm On May 16, 2016
Johnnoo:
The hammer is coming grin grin grin grin grin

No more coming. It has come

1 Like

Re: Kola Aluko Sells His Los-Angeles Mansion by dridowu: 1:17pm On May 16, 2016
Wailers be like " how much did he even steal self that Bubu want to arrest him "
Shameless Wailing Zombies

13 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by wayodude(m): 1:17pm On May 16, 2016
We are finished.

2 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by davodyguy: 1:17pm On May 16, 2016
wayodude:
We are finished.

Not yet. There's still hope. Give buhari 2 more years to perform

5 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by HomeOfMe(f): 1:19pm On May 16, 2016

5 Likes

Re: Kola Aluko Sells His Los-Angeles Mansion by Coldfeets: 1:19pm On May 16, 2016
But why didn't the photographer tell Jamie Foxx to arrange his suit very well before taking this cool photo?

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