Nigerian billionaire oil mogul, Igho Sanomi has lost his private jet and is set to lose his 3 apartments in London to Credit Suisse, a Swiss bank over a $3million debt.
According to Bloomberg, Sanomi was a guarantor for a credit facility extended to one of his companies. His company, Taleveras Energy, trades more than 100 million barrels of crude oil annually and is targeting biofuel investments.
In a statement by Andrew Brown, a Credit Suisse Lawyer, he said that three properties owned by Sanomi including apartments in Chelsea, west London, and Belgravia, in the heart of London’s diplomatic quarter, have already been identified as assets that may have to be forfeited if he loses in court.
Credit Suisse isn’t the only lender targeting Sanomi’s assets. Banque Cantonale de Geneva has already made a freezing order against the London properties.
ING Groep NV is also suing Sanomi for Taleveras’s unpaid debts, according to a separate court documents filed in October.