A former Minister of Petroleum Resources, Diezani Alison-Madueke, has denied ownership of the $52.8m\xa0 loot recently repatriated from the US. Diezani, through her lawyer, Mike Ozekhome (SAN), in ...

In a statement, Ozekhome, a senior advocate of Nigeria (SAN), said Galactica yacht was acquired by Aluko, who he said had been in the oil and gas business before Alison-Madueke became minister.

“We note with concern the recent deliberate attempt to link her with what has been described as a civil forfeiture of a yacht Galactica, the sale of which was said to have yielded $52.8m to the US ...

Ozekhome further stated, that the said Galactica yacht was acquired by Kola Aluko, a Nigerian businessman, who he said had been in the oil and gas business before Alison-Madueke became minister.

No wonder it sold in less than a year for more than $2 million. If you had around $2 million to spend on a yacht, would you pick a shiny toy, fresh from the shipyard, or a trusted decades-old boat?

A luxury yacht manufacturer has entered administration less than two months after being acquired by new investors. Administrator Alvarez & Marsal said Fairline Yachts, which was founded in 1967 ...

A boater was hospitalized after two yachts caught fire and sank at a Long Island marina early Wednesday, officials said. Firefighters were first called to Manhasset Bay Marina in Port Washington ...

One man was hospitalized Wednesday after two yachts burst into flames and sank in Manhasset Bay off Long Island’s Port Washington, authorities said. The fire fully engulfed a 43-foot Marine ...

Max Verstappen e Kelly Piquet foram conhecer o novo iate que o tetracampeão adquiriu na semana passada 🛥️ The yacht is the latest luxury purchase for Verstappen with his list of toys ...

And yet photographs from Christmas Day that year show Mr Abramovich in the Caribbean sunshine, standing on the swim platform at the rear of the yacht, with Eclipse's large letter-E logo behind him.