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 Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.

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