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Toke Makinwa Refutes Speculation About Ikoyi Home

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Financial Freedom

Toke Makinwa has refuted claims that her Ikoyi home has been repossessed by the Asset Management Corporation of Nigeria, (AMCON).

There had been claims that her ”Banana Island property” had been taken over by AMCON.

Toke Makinwa denies reports her Ikoyi home has been taken over by AMCON

Toke Makinwa denies reports her Ikoyi home has been taken over by AMCON

 

A statement released by her publicist, Andrea Manuela Giaccaglia, however refuted the false report, adding that Toke is the sole owner of her Ikoyi property and that it has not been confiscated by AMCON.

Further, the statement said that legal action will be taken against the originators of the report that her house has been taken over by AMCON.

 

The statement reads

”On behalf of Ms. Toke Makinwa, we would like to address the rumour circulating the internet that Ms. Toke Makinwa’s alleged house in Banana Island was taken over by the Asset Management Corporation of Nigeria (AMCON).
Ms. Toke’s is the sole owner of her residence in Ikoyi.
Our lawyers have been contacted and legal action will be taken against the originators of this story.
Kind Regards
Toke Makinwa’s Management

Gistmerchant, a blog on Instagram had reported that Toke’s house was given to her by her alleged “sugar daddy”, Lagos-based oil and gas businessman, Dr. Festus Fadeyi, whose total indebtedness to AMCON is over N240 billion.

Earlier this month, 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.

Meanwhile, Toke has always maintained that she bought her dream house (the Banana Island house), at the age of 35.

In 2017, billionaire Fadeyi’s children warned Toke to leave their father alone.

They were angry with the way he spent on her despite being heavily indebted to Skye Bank.

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