Nigerian TV Host and media personality, Toke Makinwa has been reported to lose her Banana Island mansion to Asset Management Corporation of Nigeria (AMCON).
The news which was broke by Instagram blog, GistMerchant alleged that Toke Makinwa acquired the house with the help of her ‘sugar daddy,’ Dr. Festus Fadeyi, who is a Lagos-based oil and gas mogul.
The report has it that the house was confiscated from Toke as a result of the billionaire sugar daddy unable to pay up his debts to AMCON which rose to over N240 billion.
Sequel to that, AMCON took possession of Fadeyi’s Pan Ocean Oil Corporation Nigeria Limited, its affiliate companies and other properties, over the unpaid N240 billion loan debt.
It could be recalled that Toke in a supposedly motivational post noted in the past that she bought her dream house which happens to be the Banana Island mansion, at the age 35.
And in 2017, billionaire Fadeyi’s children warned Toke to desist from milking their dad of his money. Their anger was basically on how the man lavishes the fashionista.
Exactly 3 years ago, the children of Festus Fadeyi were fighting Toke Makinwa to leave their father alone, because the man was spending extravagantly on her while still indebted to Skye Bank. This man self get werey for head make we no lie
— • General Zee 🎭 • #BBNaija (@heisTactic) July 27, 2020
The kids were very much aware that Mr Fadeyi was spending too much money on his side chic, Toke knowing he’s massively indebted to Skype Bank.
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