Nigeria’s Kola Aluko’s One57 Penthouse Sold for $36 million in New York


A penthouse at the ultra-luxury One57 tower — the most expensive home ever seized in New York City — has found a new owner.

Unit 79 at the Billionaires’ Row skyscraper sold for $36 million at a foreclosure auction. The buyer, one of five bidders aside from the bank, wouldn’t answer questions, and his name wasn’t immediately available. Shell companies linked to Kolawole Akanni Aluko, a Nigerian businessman accused by the U.S. of receiving contracts with his country’s state-owned oil company after bribing a government official, bought the apartment for $50.9 million in 2014.

Foreclosure proceedings were started in January. An auction scheduled for July was delayed after a creditor claimed Aluko owed it about $83 million for gasoline and jet fuel. While the foreclosure was stalled, the unit was put on the market for $39 million.

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Godwin Okafor is a financial journalist, Internet Social Entrepreneur and the Founder Naija247news Media Ltd He has over 16 experiences in journalism, which cuts across traditional and digital media. He started his journalism career in Business Day, Where he was a senior editorial graphic artist, before he left to start Naija247news, An Online Financial Newspaper in 2010. He has won series of awards and he is the chairman of Emmerich Resources Limited, the publisher of and also sits on the board of Students In Business Awards, (SIBA).


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