Nigerian business magnate cum Chairman/Chief Executive Officer (CEO) of Nestoil, Ernest Azudialu is caught on the sticky web of the Economic and Financial Crimes Commission (EFCC) as his Ikoyi mansion has been confiscated by the agency.
The massive mansion in question is located in Modupe Alakija Crescent, formerly known as Ikoyi Crescent.
Sources squealed to us that the building is now bearing EFCC’s seal as it is boldly stated that the property is under investigation.
However, the million dollar question on the lips of Nigerians is why is the Nestoil and NECONDE Boss, Ernest Azudialu’s mansion confiscated by the EFCC?
According to speculations, we gathered that the Nestoil boss is under investigations for financial crimes.
It is interesting to know that some time ago, Ernest Azudialu ran into trouble with Guaranty Trust Bank (GTBank), which solely financed his Nestoil Towers at Akin Adesola and Saka Tinubu Streets in Victoria Island, Lagos.
According to the allegation then, Ernest Azudialu defaulted in servicing the facility that he obtained to build the towers.
Credit: The Capital
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