Media personality, Toke Makinwa has reportedly lost her Banana Island mansion to Asset Management Corporation of Nigeria (AMCON).
Toke Makinwa’s house which 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.
Recall earlier this month, that AMCON took possession of Fadeyi’s Pan Ocean Oil Corporation Nigeria Limited, its affiliate companies and other properties, over an unpaid N240 billion loan debt.
Recall also that about a month ago, Toke revealed that she bought her dream house (the Banana Island house), at the age of 35.
Fadeyi’s children had warned Toke to leave their father alone. They were angry with the way he splurges on her. They also believed he was splashing too much money on her even though he is heavily indebted to Skye Bank.
Reactions have been pouring in since the shocking news broke out: