AgriBusiness Atiku's US mansion sold for $2.95m

Atiku’s US mansion sold for $2.95m

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A luxury mansion co-owned by former Vice Presiden Atiku Abubakar, and his fourth wife, Jennifer Douglas, in Potomac, Maryland, United States, has been auctioned for 42.95 million, Premium Times gathered.

“The seven-bedroom cream-coloured single family brick house on 9731 Sorrel Ave, Potomac, Maryland, was originally listed for $3.25 million on Zillow and other online real estate websites on January 25, 2018. It was eventually sold for a pending offer of $2.95 million on February 26, 2018 after an online auction,” the online news platform said in its report on Thursday.

A pending offer means a buyer and seller of the property have reached a deal. However, a buyer can still pull out from the deal (which is very unlikely) if they cannot resolve issues like cost of repairs or they cannot get a bank to approve a loan for the purchase of the property.

Atiku and his wife bought the 7,131 square feet house in December 1999 for $1.75 million. Built in 1988, the house was described on Zillow as one of the finest in the tony neighbourhood of Falconhurst, Potomac, where houses are valued between $2 million and $10 million.

The Atikus’ mansion is a colonial-style building that sits in the middle of a 2.3 acres premises of lush green trees. The mansion has a total of 21 rooms, multiple terraces which are said to be ideal for outdoor parties, a pool sauna, a gazebo, a gourmet kitchen and an outdoor swimming pool.

Sources with knowledge of the state of the mansion but who requested not to be named because they did not want to be publicly associated with this story, said the Atikus had not lived in the mansion since the politician left office as vice president in 2007.

A source told Premium Times that after 2007, house service staff lived in the mansion for some years, but the place was later locked up, and had remained unoccupied.

Recall that the property gained international notoriety in 2005 after it was searched by the Federal Bureau of Investigations (FBI) in connection with a bribery scandal involving disgraced former U.S. Congressman, William Jefferson.

 

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