Nigerian oil tycoon, Kola Aluko has lost his luxurious penthouse apartment in one of New York City’s most expensive residential buildings to a Luxembourg based Banque Havilland.
In a recent report by New York Post, the loss of the luxurious apartment, is coming after Aluko failed to pay a bank loan one year later borrowing from Banque Havilland.
It was further reported that the property, known as Apartment 79, was sold to Aluko in December 2014 for 50.9million Dollars, making it the eighth most expensive unit in the building.
However, less than a year later Aluko reportedly took out a 35.5million Dollars mortgage from Banque Havilland in Luxembourg to help pay for the apartment.
Already, the apartment would be sold to the highest bidder by Banque Havilland, in a foreclosure auction in July 2017.
“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.
Banque Havilland reportedly took possession of the 6,420-square-foot apartment, according to court documents.
The luxurious apartments in the building has amenities that include a 24-hour doorman and concierge, fitness center, yoga studio, private dining room, catering kitchen, library, valet service and on-site parking.
48-years-old Aluko, who has been declared wanted by the EFCC, is rumoured to be hiding away on his yacht, which was last registered in the Bahamas in May 2017 at Ja Rule Fyre Festival in the Bahamas in late April.
In 2016, Aluko sold his mansion in Bel-Air, Los Angeles for $21.5 million.