Media personality, Toke Makinwa has allegedly lost possession of her Banana Island house to Asset Management Corporation of Nigeria (AMCON).
It was alleged that 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 and has now listed the house he gave Toke as a gift as part of his company assets which AMCON has now repoed.
AMCON had seized the assets of Fadeyi’s Pan Ocean Oil Corporation Nigeria Limited, its affiliate companies and other properties, over an unpaid N240 billion loan debt.
Coincidentally, about a month ago, Toke Makinwa disclosed that she had purchased her dream house ( Banana Island house), at a young age of 35. Fans expected something fishy going on with her after she announced she had bought the house.
Sometime back Fadeyi’s kids called out Toke Makinwa telling her to leave their father alone that he was lavishly spending too much on her.