There are unconfirmed reports that media girl and entrepreneur Toke Makinwa has allegedly lost her Banana Island house to Asset Management Corporation of Nigeria (AMCON).
According to the Gistmerchant blog on Instagram, Toke’s house was given to her by her “sugar daddy,” Lagos-based oil and gas businessman Dr. Festus Fadeyi, whose total indebtedness to AMCON is over N240 billion.
Earlier this month, AMCON took possession of Fadeyi’s Pan Ocean Oil Corporation Nigeria Limited, its affiliate companies, and other properties, over an unpaid N240 billion loan debt.
The court, in suit No. FHC/L/CS/722/20, ordered AMCON and its assigned designate to take over several oil mining and oil prospecting licences that are exemplified by OML 147 (formerly OPL 275), OML 152, and OML 98, respectively. The order also mandated AMCON to take over the property lying and situated at No. 33b, Adebayo Doherty Street, off Admiralty Way, Lekki Phase One, in Lagos, as well as the FF Towers, on Plot 13/14 Ligali Ayorinde Avenue, Victoria Island, Lagos.
Other properties include No. 8; Grand Villa, No. 10/12, and No. 14, all on Modupe Alakija Crescent, Ikoyi, Lagos, as well as the Ark Towers at No. 17, Ligalli Ayorinde Avenue; and Plot 5, and Plot 822, Samuel Manuwa Street, all in Victoria Island, Lagos.
ALSO READ: [VIDEO] Media Personality, Toke Makinwa Encourages You To ‘Date Your Wage’
See how Nigerians are reacting to the news on Twitter
AMCON took over Toke Makinwa‘s ‘house’? Baby girl should have put her name on the property yo?
— Gift ? (@Giftama_) July 27, 2020
So it’s Festus Fadeyi! Interesting. I remember his children called out Toke Makinwa few years ago to leave their father alone. That the man was spending a lot of money on her while being heavily indebted to Skye Bank. Kai. Men are Scum.
— Sola (@Advsola) July 27, 2020
Which of your daddies bought house for Toke Makinwa on credit and now AMCON has repossessed the house?
— Daddy D.O?? (@DOlusegun) July 27, 2020
Oil billionaire Fadeyi took loans to fund Toke Makinwa’s baby girl lifestyle. Mad o ???
— I, Octavian (@Xtevo_) July 27, 2020
Nigerians are interesting people. Many are busy tongue lashing Toke Makinwa instead of questioning why we have a system that allows for an individual to continue to get loans till it got to the tune of N190Bn when the same system refuses to give to the ordinary people.
— Wale – عبدالرحمن (@onlyawale) July 27, 2020