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Credit Suisse seeks to seize oil trader's three London homes

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Andrew Brown, Credit Suisse’s lawyer said that the Swiss bank is owed about $3 million by Igho Sanomi, who was a guarantor for a credit facility extended to one of his companies.

Wednesday 17, April 2019

(Bloomberg) --Credit Suisse Group seeks to seize Igho Sanomi’s three London apartments, the lender previous took the Nigerian oil trader’s private jet.

Three properties owned by Sanomi including apartments in Chelsea, west London, and Belgravia in the heart of London’s diplomatic quarter, have already been identified as assets that may have to be forfeited if he loses.

Sanomi, who was not represented in the London court, declined to comment through a spokeswoman. The Nigerian oil trader has not put in any defence or objection to the charging orders.

Sanomi’s company, Taleveras Energy, trades more than 100 million barrels of crude oil annually and is targeting biofuel investments.

Credit Suisse is not the only lender targeting Sanomi’s assets. Banque Cantonale de Geneva has already made a freezing order against the London properties. According to separate court documents filed in October 2018, ING Groep is also suing Sanomi for Taleveras’s unpaid debts.

Credit Suisse listed Sanomi’s jet for sale.


TAGS : Credit Suisse, Igho Sanomi, Banque Cantonale de Geneva, ING Groep, Taleveras

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