Toke Makinwa's Banana Island Home Reportedly Sealed By AMCON

The Asset Management Corporation of Nigeria (AMCON) took over control of assets belonging to Pan Ocean Oil Corporation Nigeria Limited over some huge unpaid debt three weeks ago.
A court ruled for the take-over of assets after Pan Ocean Oil Corporation boss, Dr Festus Fadeyi reached an indebtedness of over N240 billion to AMCON.

The Banana Island home of media personality Toke Makinwa, reportedly gifted to her by Pan Ocean oil boss, Dr Festus Fadeyi, was alleged to have also been listed as one of Pan Ocean’s assets.

AMCON was instructed by a court to take over assets, businesses, affairs, undertakings, interests and any other Pan Ocean’s belongings that may be found.

According to reports going round in the media, the Asset Management Corporation of Nigeria (AMCON) has sealed Toke Makinwa’s home in an attempt to recoup all of Pan Ocean’s debts.

According to the Instagram blog Gist Merchant, oil mogul Festus Fadeyi is Toke Makinwa’s older lover.

Part of the Gist Merchant report reads: “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.”

It was reported in the news three years ago that the children of Festus Fadeyi were fighting Toke Makinwa to leave their father alone.

It was alleged that Dr Fadeyi was spending extravagantly on Toke Makinwa while still indebted to Skye Bank.

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