FG, US Sell $42m Diezani Ally’s Extraordinary Luxury Yacht


The Federal Government of Nigeria and the United States Government have sold an extraordinary 65-metre Galactica Star super yacht worth $42m (N15.1bn), belonging to oil magnate Kola Aluko, who was accused of defrauding Nigeria of about $1.8bn (N648bn) in siphoned crude oil sales.

Aluko was an ally of former petroleum minister, Deziani Alison-Madueke.

The yacht, which was custom-built by Dutch yard Heesen in 2013, is the second largest ever built by Heesen, according to Yacht Harbour.

The vessel, which was sold on July 25, 2019, features exterior styling by Omega Architects, engineering by Van Oossanen & Associates, finished by interiors from the boards of Bannenberg & Rowell.

The United States government had accused Aluko and another oil businessman, Jide Omokore, of laundering money in the US and using it to acquire the yacht, among other assets.

The report said, “In April 2019, the vessel was offered for sale in a sealed bid arrangement proposed by the US Department of Justice and the Federal Republic of Nigeria and approved by US federal court. The sale process roots back to corruption case against two Nigerian nationals.

“The US and Nigerian governments received Federal Court approval to sell the arrested super yacht due to high maintenance and dockage fees, estimating the combined cost at around $170,000 per month. Managed by Fraser, the vessel was listed at $42m.”

Galactica Star, which was once rented by American music industry power couple, Jay Z and Beyonce for a holiday cruise, accommodates up to 12 guests overnight in six cabins, comprising a master suite, one VIP stateroom, and four double cabins.

It is also capable of carrying up to 13 crew members on board to ensure a relaxed luxury yacht experience.

Categories: News


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