According to an exclusive report by SaharaReporters, self-proclaimed Commonsense Senator, Ben Murray-Bruce may have illegally diverted a loan he obtained from Union Bank to purchase a posh property in Beverly Hills, California in 2007.
The investigative report further revealed that several banking sources in Nigeria disclosed that the N11 billion loan Ben Bruce took out from Union Bank around 2007 was supposed to be used to construct the Abuja Entertainment Center.
According to the sources, instead of using the loan to fund his Nigerian business operations, the senator diverted it to purchase an opulent property in the Beverly Hills area of Los Angeles and London.
Senator Ben Bruce’s alleged LA mansion
The publication further reported that the Los Angeles County Property Assessor’s Office, the Real Estate Records office, and the Special Investigation unit confirmed that the Nigerian senator from Bayelsa State purchased a property on August 6th, 2007 and remains the owner. The address is 605 North Camden Drive, Beverly Hills, CA 90210.
A public records search, also confirmed by municipal employees in Los Angeles County, assessed the value of Senator Murray-Bruce’s land at $3.1 million. The value of the mansion and other structures at the property was estimated at no less than $795,000.
The senator’s Beverly Hills swanky property has four bedrooms, three bathrooms, and a swimming pool and is estimated to be at least 2,777 square feet. Assessments of real estate platforms show that the property is worth $5 million as of today.
Senator Ben-Bruce’s Beverly Hills mansion document
A bond receipt document that confirmed Ben Bruce’s ties to the property has been obtained. The document also listed Stella Albright as having a connection to the property. A public records search of Mrs. Albright found that she was a board member of a company, Dream Magic Studios LLC, alongside Ben Bruce.
Recall that the outspoken Bayelsa Senator has been in the spotlight lately after the Asset Management Corporation of Nigeria (AMCON) on June 23, 2016 seized several of his Silverbird media companies for failing to make payments on billions of naira in loans.