Why the biggest foreclosure auction in city history is on hiatus

Owner of One57 penthouse is accused of buying the unit with illicit oil sale proceeds

TRD New York /
Jul.July 19, 2017 08:00 AM

One57 and Kolawole “Kola” Aluko (Credit: Getty Images)

The biggest foreclosure auction in the city’s history is being put on hold after a new creditor claimed that the owner of the One57 penthouse owes $83.1 million for gasoline and jet fuel.

Debt collector Campion Maverick Inc. filed papers in Florida federal court this month claiming the owner of unit 79 — two shell companies linked to Nigerian businessman Kolawole Akanni Aluko — has an outstanding gasoline and jet fuel bill, Bloomberg reported. The debt collector is seeking to force Aluko’s shell companies into bankruptcy to cover the unpaid bills. The foreclosure auction was slated for today but will now be rescheduled.

Luxembourg-based Banque Havilland is pushing for the sale of the $50.9 million, claiming that Aluko hasn’t been keeping up on payments of a $35.3 million mortgage. The U.S. Justice Department plans to collect the remaining proceeds of the unit’s sale. Aluko is accused of violating U.S. contracts, bribing a government official and selling $1.5 billion worth of Nigerian crude oil. From those sales, Aluko purchased three private jets, 58 cars, luxury real estate in Los Angeles and London, as well as the 6,240-square-foot penthouse at One57.

On Friday, the Justice Department filed a lawsuit in Houston attempting to seize the condo unit as well as Aluko’s yacht, which prosecutors claim were bought as part of a $144 million money laundering scheme. [Bloomberg] — Kathryn Brenzel 


Related Articles

arrow_forward_ios
Softbank CEO Masayoshi Son (Credit: Getty Images)

SoftBank’s $3B payout to WeWork’s investors is delayed

John Legere (Credit: Getty Images)

WeWork reportedly in talks to hire T-Mobile exec as CEO

(Credit: iStock)

Small Talk: Every community meeting. About every development project. Ever.

An example of roll-off waste management (Credit: YouTube, iStock)

A win for big building owners in trash-collection fight

Duke Long and Poshtel International CEO Morten Lund

“I can talk about erections all day”: NAR tech consultant’s bizarre fireside chat

Alchemy ABR's Kenneth Horn and Brian Ray with 123-141 West 57th St (Credit: Alchemy ABR and Google Maps)

Developer behind Woolworth conversion planning Billionaires’ Row office tower

Council member Vanessa Gibson (Credit: New York City Council)

Commercial landlords face new fines as City Council passes anti-harassment bill

From left: Pavel Fuks, Michael Cohen, Felix Sater, and Donald Trump (Credit: Getty Images and Wikipedia)

As House begins impeachment inquiry, here’s what we know about Trump’s Ukraine-real estate ties

arrow_forward_ios