Tuesday, 11 April 2017

Nigeria government issues a seizure order on a superyacht owned by Kolawole Aluko

'Galactica Star' owned by Kolawole Aluko. Photo: Google Images

The Nigerian authorities are searching for the superyacht named ' Galactica star', owned by the oil magnate, Kolawole Aluko, after imposing a seizure order.

 According to The Times, Mr Aluko is under investigation over corruption allegations and has had other assets seized by EFCC.

 Decentralisation will save the country from this endless mess. There is no point putting money into the system to shore up the Forex market, only to be mopped up by the politicians and their business associates and laundered overseas now using the superyacht industry. It was private jet, now it's superyacht.

Transparency International has raised alarm on the use of superyacht in international money laundering.

Sadly the UK government is now on their toes, there may be no hiding place.

Uche Okeke
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