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Not Helping Nigeria's "Business" Reputation



May 07, 2008 – Comments (0)

Owner Of Multimillion-Dollar Home In Northwest EvictedWRC-TVupdated 10:25 a.m. ET, Tues., May. 6, 2008

WASHINGTON - The owner of a multimillion-dollar home on Foxhall Road in northwest D.C. was evicted on Monday.

The homeowner, Oladipo Aina, is a Nigerian-born CEO of a company called "The Potentional Millionaires Investment Club International." His business card says he is a foreclosure specialist....

"I have 30,000 acres of emerald mines worth billions," he said. He said the mines are located in Zambia.

Aina said he will move into an $8 million home in McLean as soon as he can get the people living there to move out.

Something worth noting, which show the pathetic state of reporting on Real Estate. Guy is clearly not the "owner" if someone else bought the house out of foreclosure. Kind of a major detail to get wrong in the headlines, but typical of a press that dubs anyone inhabiting a house on non-rental terms as the "owner," no matter how much they owe the bank -- the true owner of the place.

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