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Nairaland Forum / Nairaland / General / Politics / Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) (67698 Views)
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Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by nativeSON12345: 6:26pm On Jul 15, 2017 |
Court documents filed by the US Department of Justice in Houston have revealed that Nigeria’s former oil minister, Diezani Alison-Madueke tried to warn Kola Aluko and Jide Omokore, her business partners against lavish spending, including splashing millions of dollars on a yacht. “If you want to hire a yacht, you lease it for two weeks or whatever. You don’t go and sink funds into it at this time when Nigerian oil and gas sector is under all kinds of watch,” she said to Aluko in a recorded conversation. But her warning was not heeded as Aluko went on to buy Galactica Star, a luxury yacht, for $80million. The yacht, a stupendous luxury on water, was once rented by Jay Z and his wife, Beyonce for close to a million dollars during a holiday last year. It also once hosted Beyonce’s 32nd birthday in 2013. Both Aluko and Omokore are alleged to have paid bribes between 2011 and 2015 to Diezani who ensured that shell companies owned by the businessmen received billion-dollar contracts to sell Nigeria’s crude oil. The oil swap contracts were a controversial barter arrangement which saw Nigeria use middlemen to sell crude oil in exchange for refined products. With local refineries under-performing, oil swap deals were used to shore up local demand for petroleum products. Between 2010 and 2014, under Diezani’s watch, Nigeria was estimated to have channeled over 352 million barrels of oil worth a total of $35 billion into oil swap deals. But with the contracts mostly opaque, Nigeria reportedly lost more than $900 million in crude oil swap deals between 2009 and 2012. The deals came under severe scrutiny with former Central Bank Governor now Emir Muhammadu Sanusi describing them “not properly structured, monitored and audited.” President Buhari cancelled the oil swap arrangement in November 2015, seven months after taking office. The US Justice Department (DOJ) lawsuit has provided more insight into the scale of theft of Nigeria’s oil riches under Diezani Alison-Madueke’s watch. The civil lawsuit, brought by DOJ’s Kleptocracy Asset Recovery Initiative, is seeking to recover $144 million in assets, including a $50 million luxury condo apartment in New York and the $80 million yacht. Prosecutors say both assets were proceeds from bribes paid by two Nigerian businessmen for lucrative Nigerian oil contracts. The lawsuit seeks the forfeiture of both assets. Prosecutors claim that the businessmen, Kolawole Aluko and Olajide Omokore, laundered money through the US by purchasing lavish assets. The $50 million New York condo is at One57, located opposite Carnegie Hall in midtown Manhattan. The building currently holds the record for the most-expensive residential sale in New York following a $100.5 million apartment purchase in 2014. Aluko’s $50 million condo is the 8th most expensive in the building, but following a loan default, his mortgage lenders are set to auction the apartment on July 19. Aluko is also said to have purchased Galactica Star, a $80 million 65-meter yacht which hosted Beyonce’s 32nd birthday bash in 2013. Aluko’s yacht and penthouse are not the only items under scrutiny by the DOJ. The government also alleges that Aluko, Omokore and others funded a lavish lifestyle for Alison-Madueke. According to the allegations, they conspired to purchase millions of dollars in real estate in and around London for Alison-Madueke and her family members, then renovated and furnished these homes with millions of dollars in furniture, artwork and other luxury items purchased at two Houston-area furniture stores at Alison-Madueke’s direction. According to Financial Times, the two are accused of buying a total of four residential properties in and around London worth 11.45 million, and furnishing them with furniture, artwork and other luxury items. “In one day in May 2012, Mr. Aluko was said to have wired $461,500 and $262,091 to two furniture stores in Houston from a Swiss bank account, on behalf of Mrs. Alison-Madueke, the civic complaint filed in the court claimed. In return, the government alleges Alison-Madueke used her influence to direct a subsidiary of the Nigerian National Petroleum Corporation to award Strategic Alliance Agreements (SAAs) to two shell companies created by Aluko and Omokore: Atlantic Energy Drilling Concepts Nigeria Ltd. and Atlantic Energy Brass Development Ltd. (the Atlantic Companies). Under the SAAs, the Atlantic Companies were required to finance the exploration and production operations of eight on-shore oil and gas blocks. In return for financing these operations, the companies expected to receive a portion of the oil and gas produced. However, according to the complaint, the Atlantic Companies provided only a fraction of the agreed upon financing or, in some instances, failed entirely to provide it. The companies also failed to meet other obligations under the SAAs, including the payment of $120 million entry fee. Nevertheless, according to the allegations, the companies were permitted to lift and sell more than $1.5 billion worth of Nigerian crude oil. The government contends the Atlantic Companies then used a series of shell companies and intermediaries to launder a portion of the total proceeds of these arrangements into and through the U.S. Source NAN Mynd44 http://www.eyereport.com.ng/diezani-warned-aluko-about-buying-yatch/ 2 Likes 3 Shares
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Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Nobody: 6:27pm On Jul 15, 2017 |
12 Likes 2 Shares |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by nativeSON12345: 6:27pm On Jul 15, 2017 |
Lalasticlala |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Loyalblak007(f): 6:29pm On Jul 15, 2017 |
1 Like 1 Share |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Ekiseme(m): 6:29pm On Jul 15, 2017 |
Ol boy |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by whitebeard(m): 6:29pm On Jul 15, 2017 |
$80 million omg is that not someone's networth or even more than some people's own, where is OBO let him come and see 82 Likes 1 Share
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Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Modsenemy(f): 6:32pm On Jul 15, 2017 |
After all , we all have to appreciate president Buhari If the PDP regime wasn't given a break, I'm sure Nigeria will be auctioned on OLX 365 Likes 20 Shares |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by muller101(m): 6:32pm On Jul 15, 2017 |
Too much. Short version be pls |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Kondomatic(m): 6:34pm On Jul 15, 2017 |
nativeSON12345:You quoted the entire post to call Lala? Are you a wizard 68 Likes
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Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Modsenemy(f): 6:34pm On Jul 15, 2017 |
nativeSON12345:U don't have to quote the entire text just because you want to tag someone. Remove it 14 Likes |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by rattlesnake(m): 9:24pm On Jul 15, 2017 |
Poverty |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Sojebrand(m): 9:24pm On Jul 15, 2017 |
O |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by FamousAbN: 9:25pm On Jul 15, 2017 |
I rested that yacht also in 2014, why didn't they include my nsme 2 Likes |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by macphilip: 9:25pm On Jul 15, 2017 |
With all this money Nigeria have, they still want to tax beggers 6 Likes |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Nobody: 9:25pm On Jul 15, 2017 |
Owo to deru ba agbana Get rich or die trying 2 Likes 1 Share |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by tana4gud(f): 9:25pm On Jul 15, 2017 |
Money miss road 2 Likes 1 Share |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by FamousAbN: 9:25pm On Jul 15, 2017 |
FamousAbN:name, check Google if you are doubting me 2 Likes 1 Share |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by itiswellandwell: 9:26pm On Jul 15, 2017 |
Hmmmmm |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by johnjay4u2u(m): 9:26pm On Jul 15, 2017 |
our money 1 Like 1 Share |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by johnjay4u2u(m): 9:27pm On Jul 15, 2017 |
FamousAbN: pay me my rest. 15 Likes |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Nobody: 9:27pm On Jul 15, 2017 |
Chei! These people really played golf on our heads. 21 Likes |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Slurity(m): 9:27pm On Jul 15, 2017 |
some people are here for just two reasons, abuse and rush to first comment. children that refuses to grow. 3 Likes |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Danelo(m): 9:27pm On Jul 15, 2017 |
He lavished millions on yatch Who knows how much he has lavished on yansh 71 Likes 4 Shares |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by gidimasters(m): 9:27pm On Jul 15, 2017 |
whitebeard: lol 2 Likes |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by CLIQBOY(m): 9:28pm On Jul 15, 2017 |
Some people would still cry of witch hunt 30 Likes 1 Share |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by samkay3g(m): 9:28pm On Jul 15, 2017 |
this is madness 2 Likes |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Nobody: 9:29pm On Jul 15, 2017 |
Beyoncé and Jay-z are are worth almost a billion dollars; real , legit wealth from their sweat and hard work. They can afford to buy 10 of those yatchs but they'll rather rent it because they understand the value of their money and that splurging money on it would be senseless. But these thieveing clowns with stolen money would buy an $80million yatch!!!!!? With money that's not theirs. For something he'd only use once in a while. This is very atrocious. Nigeria needs help. 134 Likes 9 Shares |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by SBG04: 9:30pm On Jul 15, 2017 |
Honestly if it were possible Jonathan and Madam puffpuff Okonjo Iweala would have put Nigeria up for sale on OLX. I'm still angry that the EFCC has failed to arrest Patience Jonathan and her family members for all their fraudulent activities. How can that thief woman still be flaunting that 35million dollar bank account in our faces! 64 Likes 6 Shares |
Re: Aluko's $80million Yatch Was Rented By Jay Z And Beyonce For $lm (photo) by Giddiebabalaw(m): 9:30pm On Jul 15, 2017 |
These people have ruined this country more than half 14 Likes 2 Shares |
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