Real Estate - Featured Stories
King of Real Estate

Washington real estate mogul evicted

Story By: Bea Karnes
Source: NBC

Washington, DC Published 212 day(s) ago

The self proclaimed "King of Real Estate" was evicted from his multi-million dollar Washington D.C. home on Monday. Oladipo Aina is the Nigerian-born CEO of a company called "The Potential Millionaires Investment Club International."

His business card says he is a foreclosure specialist. Workers emptied the contents of the five-bedroom, 5,000-square foot home onto the sidewalk Monday. Federal marshals looked on as two Rolls Royces were towed from the driveway.

"I am not afraid," Aina said. Bank records show Aina and his associates in October were served with a 30-day notice to quit and vacate because another owner had purchased the home in a foreclosure sale. "They are lying," Aina said.

Chairs, furniture and bags of personal effects took up nearly half a city block, causing people who live in the neighborhood to stop and stare. "It's pretty crazy, actually," said neighbor Marissa Rauch. "It shows you it can happen anywhere."

"We never seen anything like this," said neighbor Patti Harburger. "But people are always curious about that house because the blinds are always down. We never see people going in and out."

Aina has 24 hours to move his possessions. He said he's been railroaded. "I have 30,000 acres of emerald mines worth billions," he said. He claims the mines are located in Zambia. Aina said he will move into another $8 million home nearby as soon as he can get the people living there to move out.

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