A Nigerian Oil Investor Owns New York's Biggest-Ever Foreclosure
- Kola Aluko part of probe into diverted government funds
- Auction of $50.9 million One57 condo scheduled for next month
One57, at left, in New York.
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The owner of a $50.9 million Manhattan condo that is scheduled to be sold at a foreclosure auction next month is Kolawole “Kola” Aluko, a Nigerian businessman accused in court filings of defrauding that country’s government.
Nigerian officials have attempted to freeze Aluko’s assets, including a full-floor penthouse at Midtown’s One57 skyscraper, as part of a wider investigation. Aluko and others are accused of pocketing $1.8 billion meant for government coffers and spending it on luxury goods around the globe, court filings in that country show.