Swiss Bank Seizes Nigerian Billionaire's Private Jet,3 Houses In London

Igho Sanomi, a Nigerian billionaire has lost his three apartments in London to a Swiss bank over $3million debt.

Credit Suisse, the Swiss bank, has also seized Sanomi’s private jet.

Bloomberg, Sanomi was guarantor for a credit facility extended to one of his companies by Credit Suisse Group AG.

Aside the Swiss Bank, Banque Cantonale de Geneva has already made a freezing order against the London properties, just as ING Groep NV has also filed a suit against Sanomi for Taleveras’s unpaid debts.

In a written submission to a London court last week, Andrew Brown, counsel to Credit Suisse, said “three properties owned by Sanomi, including apartments in Chelsea, West London, and Belgravia, in the heart of London’s diplomatic quarter, have already been identified as assets that may have to be forfeited if he loses”.

Sanomi wasn’t represented in court, and his lawyers at Clyde & Co didn’t respond to request for comments but affirmed knowledge of the case.

According to the bank’s lawyer, Sanomi “has not put in any defence or objection to the charging orders”.

Sanomi’s company, Taleveras Energy, trades more than 100 million barrels of crude oil annually and is targeting investments in biofuel.

CKN NEWS

Chris Kehinde Nwandu is the Editor In Chief of CKNNEWS || He is a Law graduate and an Alumnus of Lagos State University, Lead City University Ibadan and Nigerian Institute Of Journalism || With over 2 decades practice in Journalism, PR and Advertising, he is a member of several Professional bodies within and outside Nigeria || Member: Institute Of Chartered Arbitrators ( UK ) || Member : Institute of Chartered Mediators And Conciliation || Member : Nigerian Institute Of Public Relations || Member : Advertising Practitioners Council of Nigeria || Fellow : Institute of Personality Development And Customer Relationship Management || Member and Chairman Board Of Trustees: Guild Of Professional Bloggers of Nigeria

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