TheCable

Kola Aluko, a Nigerian oil mogul, wanted by the Economic and Financial Crimes Commission (EFCC) is owing the City of New York some overdue property tax.

The New York Post said the $25,000 tax is over Aluko’s 79th floor penthouse at One57 in Manhattan which he bought for $51 million in 2014.

The penthouse has four bedrooms, four-and-a-half baths, 6,240 square feet, sweeping views of Central Park. Now the property has a past-due bill of $25,000.

And that is even with the benefit of a 421a partial tax exemption that knocked down what would have been a annual tax bill of $250,000 to $50,000, the Post reported.

But Aluko has bigger problem in Nigeria and Europe.

The 47-year-old tycoon, linked to Diezani Alison-Madueke, former oil minister, is under investigation for alleged money-laundering crimes.

A Nigerian court tried to freeze his assets, including his One57 unit, as part of the alleged scheme to defraud the government of oil sale profits.

Meanwhile, as of last year, the court could not find Aluko to serve him with papers.

New York Post said he may be floating around the world on his 213-foot yacht, the Galactica Star.

In 2015, the ship was sailing around the Mediterranean. It was spotted in Cancun last year, and may now be berthed in Turkey.

The immovability of real estate is one reason Gary Barnett of Extell Development is not too concerned about delinquent real estate taxes or overdue maintenance fees.

“It’s not uncommon in a condo building, but eventually, everybody pays,” he said. That’s because upon any sale, the condo board’s liens should theoretically be paid off,” he said.

Barnett said authorities investigating fraudulent purchases are delighted when the money is used to buy real estate and not art or yachts that can float away.

“All this stuff that’s transportable, like art that you can put on a plane and sell anywhere, is what law enforcement doesn’t want [them to buy]. The yacht’s movable, but he can’t move his condo,” Barnett explained.