ING Vies With Credit Suisse for Oil Tycoon’s London Flats
- Banks trying to seize properties to recover $5 million debt
- U.K. court to rule on assets linked to Igho Sanomi, Taleveras
Photographer: Matthew Lloyd/Bloomberg
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Two of Europe’s biggest banks want to seize oil trader Igho Sanomi’s London homes. Let the battle commence.
ING Groep NV and Credit Suisse Group AG are vying for the Nigerian tycoon’s properties in Chelsea, Belgravia and Kilburn over $5 million in unpaid debts they allege is owed by his company Taleveras Energy. ING’s Brussels and Geneva branch is owed $2.2 million, ING lawyer Rupert Cohen said Wednesday in written submissions to a London court.