Media personality and feminist, Toke Makinwa, has allegedly lost her Banana Island house to Asset Management Corporation of Nigeria (AMCON).
According to information made available to Freelanews, it was alleged that Toke Makinwa acquired the house, all thanks to her “sugar daddy,” Dr. Festus Fadeyi, who is a Lagos-based oil and gas merchant.
However, life played a fast one as he was unable to pay up his debts to AMCON which rose to a total of over N240 billion.
Due to his inability to pay, 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.
Recall that about a month ago, Toke revealed that she bought her dream house (the Banana Island house), at the age of 35.
Recall that in 2017, billionaire Fadeyi’s children warned Toke to leave their father alone. They were angry with the way he splurges on her.
They also believed he was squandering too much money on her even though he is heavily indebted to Skye Bank.
Below are some of the reactions from Nigerians.
So Toke Makinwa gave out premium knacks in exchange for a premium collateral pic.twitter.com/4Ryeii8XGV
— Joe (Video Commercial) 🎈 (@ayoigbala_) July 27, 2020
Toke Makinwa to her fellow feminist. pic.twitter.com/NtyYB30sFR
— Khalifa of Unilorin (@AlamzyKhalifa) July 27, 2020
So it’s Festus Fadeyi! Interesting. I remember his children called out Toke Makinwa few years ago to leave their father alone. That the man was spending a lot of money on her while being heavily indebted to Skye Bank. Kai. Men are Scum.
— Sola (@Advsola) July 27, 2020
Which of your daddies bought house for Toke Makinwa on credit and now AMCON has repossessed the house?
— Daddy D.O🇳🇬 (@DOlusegun) July 27, 2020
Toke Makinwa: “Hardwork gave me all I have today”
If na by handwork i for dey Canada. I for no dey site dey hustle 2k
She broke shamed men. Now they’ve collected the house a married man gave her in Banana Island. 08056684225 Toke call this no, they have cheap selfcon in Ikorodu
— Chlorpheniramine 🇳🇬 (@VictorIsrael_) July 27, 2020
Toke Makinwa: Okay okay instead of throwing me out, can I just pay for the house?
AMCON: pic.twitter.com/GfJvP5CEGG
— Neymar PR (@BagOfNuts_) July 27, 2020
Click here to check out more reactions.
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