Media personality, Toke Makinwa has reportedly lost her house in Banana Island to Asset Management Corporation of Nigeria (AMCON).
According to reports, Toke’s sugar daddy, Dr. Festus Fadeyi, who is a Lagos-based oil and gas merchant bought the house for her.
However, it turned out Dr. Fadeyi has been reportedly unable to pay his debts to AMCON which was over N240 billion.
Not being able to pay up, AMCON took possession of Fadeyi’s Pan Ocean Oil Corporation Nigeria Limited, its affiliate companies, and other properties.
Toke Makinwa’s mansion which was gifted by Dr. Fadeyi was part of the properties seized by AMCON.
Recall that, Toke revealed about a month now that she bought her dream house at the age of 35.
Also, in 2017, Dr. Fadeyi’s children warned Toke to leave their father alone, revealed that the billionaire is spending too much on her.
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