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Nigerian Oil Mogul, Igho Sanomi Forfeits Private Jet, 3 London Homes To Swiss Bank Over $3m Debt

Igho Sanomi
Igho Sanomi, a Nigerian billionaire has forfeited his private jet and 3 London homes to a Swiss bank over a $3million debt. The Nigerian billionaire was a guarantor for a credit facility extended to one of his companies by Credit Suisse Group AG, the Swiss bank. It was further gathered that another bank, Banque Cantonale de Geneva has already made a freezing order against the London properties, just as ING Groep NV filed a suit against Sanomi for Taleveras’s unpaid debts.
 
A written submission to a London court last week by Andrew Brown, counsel to Credit Suisse, read in part;”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”.
 
Though lawyers of Igho Sanomi, the Nigerian billionaire who has forfeited his private jet and 3 London homes didn’t respond to request for comments but affirmed knowledge of the case, however, the bank’s lawyer revealed that the billionaire “has not put in any defence or objection to the charging orders”.  
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Facebook: Mark Zuckerberg’s Compensation Jumps To $8.9m As Security Costs Soar

By Munsif Vengattil and David Ingram
Mark Zuckerberg wearing a suit and tie: Facebook CEO Zuckerberg testifies before House Energy and Commerce Committee hearing on Capitol Hill in Washington© REUTERS/Leah Millis Facebook CEO Zuckerberg testifies before House Energy and Commerce Committee hearing on Capitol Hill in Washington

 

Facebook Inc (FB.O) Chief Executive Mark Zuckerberg’s compensation rose 53.5 percent to $8.9 million in 2017, a regulatory filing showed on Friday, largely due to higher costs related to the 33-year old billionaire’s personal security.

About 83 percent of the compensation represented security-related expenses, while most of the rest were tied to Zuckerberg’s personal use of private aircraft.

Zuckerberg spent much of last year travelling after he pledged to visit all the U.S. states that he had not previously been to.

His security expenses climbed to $7.3 million in 2017 from $4.9 million a year earlier.

Menlo Park, California-based Facebook paid to buy, install and maintain security measures for Zuckerberg’s personal residences, which include properties in San Francisco and Palo Alto, the filing showed.

The Facebook board’s compensation committee authorised Zuckerberg’s security programme, the filing said, “to address safety concerns due to specific threats to his safety arising directly as a result of his position as our founder, Chairman, and CEO.”

Zuckerberg’s base salary was unchanged at $1, while his total voting power at Facebook rose marginally to 59.9 percent.

Facebook, which has consistently reported stronger-than-expected earnings over the past two years, has faced public outcry over its role in Russia’s alleged influence over the 2016 U.S. presidential election.

Earlier this week, Zuckerberg emerged largely unscathed after facing hours of questioning from U.S. lawmakers on how the personal information of several million Facebook users might have been improperly shared with political consultancy Cambridge Analytica.   (Reuters)

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