Nigerian Billionaire Forfeits Private Jet, 3 London Homes Over $3M Debt

Nigerian Billionaire Forfeits Private Jet, 3 London Homes Over $3M Debt

Nigerian Billionaire Forfeits Private Jet, 3 London Homes Over $3M Debt

Nigerian billionaire, Igho Sanomi, has forfeited his private jet and 3 London homes to a Swiss bank over a $3million debt.

Igho Sanomi was guarantor for a credit facility extended to one of his companies by Credit Suisse Group AG, the Swiss bank. It was further gathered that another bank, Banque Cantonale de Geneva has already made a freezing order against the London properties, just as ING Groep NV filed a suit against Sanomi for Taleveras’s unpaid debts.

A written submission to a London court last week by Andrew Brown, counsel to Credit Suisse, read in part;”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”.

Though lawyers of Igho Sanomi, the Nigerian billionaire who has forfeited his private jet and 3 London homes didn’t respond to request for comments but affirmed knowledge of the case, however the bank’s lawyer revealed that the billionaire “has not put in any defence or objection to the charging orders”.

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