Kola Aluko, an oil magnate and associate of the embattled former minister of Petroleum Resources, Diezani Alison-Madueke has sold off his Los Angeles mansion which was estimated at a worth of $24.5 million as at 2011.
According to the Los Angeles Times, the property was owned by a Limited Liability company with ties to Aluko, who is under investigation by the EFCC on allegation of having assisted the former minister in defrauding the nation of large sums in bogus oil deals.
The paper reported, that Aluko “sold a contemporary-style home in the 700 block of Sarbonne Road in a deal that closed off-market.”
It continued, “designed by architect Paul McClean and built in 2011, the contemporary-style showplace sits on more than an acre, with a gated entrance, a subterranean garage and a 132-square-foot infinity-edge swimming pool.
“The 15,000 square feet of interiors feature walls of glass, 16-foot ceilings, marble walls and Italian fixtures throughout. A wood-panelled library, wine cellar and screening room are among the amenities.
“The house previously sold four years ago for $24.5 million, property records show. Film producer and speculative real estate developer Nile Niami, who is building a $500-million compound in Bel-Air, was the developer”, it said.
Aluko and his company, Atlantic Energy has been accused of being involved in money laundering schemes that involved oil swap deals from the NNPC
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