Galactica Star, a super yacht belonging to oil magnate, Kola Aluko, fingered in multi-billion dollar petrol import and crude export deals has been sold.

The yacht, valued at $50 million, was sold after the Nigerian government and U.S. Department of Justice secured a court order to forfeit the property.

Mrs Alison-Madueke, Mr Aluko and another accomplice, Jide Omokore , reportedly lavished billions of naira on property and luxury items in the U.S. and United Kingdom.

Mrs Alison-Madueke, Mr Aluko and another accomplice, Jide Omokore , reportedly lavished billions of naira on property and luxury items in the U.S. and United Kingdom.

The U.S. government also accused Messrs Aluko Omokore of laundering money in the United States and using it to acquire the yacht, among other assets.

Following prosecution, the US and Nigerian government, in 2016, instituted legal processes to enable it freeze local and foreign assets of the trio.

In a suit filed at the Houston Division of the United States District Court, the Nigerian government laid legal claim to all assets subject to forfeiture.

Source:- Premiumtimesng