Kola Aluko Sells $24.5million LA Mansion For Less

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May 16, 2016

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Nigerian oil tycoon, Kola Aluko, currently under investigation by the Economic and Financial Crimes Commission over his alleged role in a multibillion-dollar money-laundering scheme involving former Petroleum Resources Minister, Mrs. Deziani Alison-Madueke, has sold his Bel-Air, Los Angeles-California mansion for $21.5 million, after purchasing the sprawling residence in 2012 for $24.5 million, the Los Angeles Times reports.

Designed by architect Paul McClean and built in 2011, the contemporary-style home is built on over an acre of land, with a gated entrance, a subterranean garage and a 132-square-foot infinity-edge swimming pool.

As Nigerian and European authorities investigate him for a series of money-laundering and fraud-related crimes, Aluko sold the home last week for $21.5 million, taking a $3 million loss.

The 46-year old Aluko reportedly sold the property in an off market transaction which closed in April.

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Hamilton Nwosa is an experienced, and committed communication, business, administrative, data and research specialist . His deep knowledge of the intersection between communication, business, data, and journalism are quite profound. His passion for professional excellence remains the guiding principle of his work, and in the course of his career spanning sectors such as administration, tourism, business management, communication and journalism, Hamilton has won key awards. He is a delightful writer, researcher and data analyst. He loves team-work, problem-solving, organizational management, communication strategy, and enjoys travelling. He can be reached at: hamilton_68@yahoo.com

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