Diezani Alison-Madueke's Associate, Nigerian Oil Man Kola Aluko Sells His Bel-Air Mansion For $21.5 Million

Kola Aluko in Picture With Hollywood Star Jamie Foxx {forbes}

The Los Angeles Times has reported that Kola Aluko, a controversial Nigerian oil tycoon, has sold his Bel-Air, Los Angeles mansion, as Nigerian and European authorities investigate him for a series of money-laundering and fraud-related crimes.

Kola Aluko sold the home last week for $21.5 million, taking a $3 million loss after purchasing the sprawling residence in 2012 for $24.5 million. Aluko, 46, apparently sold the residence in an off-market transaction using a limited-liability company. An off-market sale in real estate refers to a property that is sold without any form of public advertising.

Aluko’s former home- a contemporary-style showplace in the 700 block of Sarbonne Road, Los Angeles, was designed by architect Paul McClean and built in 2011. The property sits on more than an acre, has a gated entrance, a subterranean garage and a 132-square-foot infinity-edge swimming pool among other features. Read Full Info Here