Supercars Seized From Ex-President Son Sold For N10billion

An auction house in Switzerland has sold 25 luxury cars including Ferraris, Rolls-Royces and Lamborghinis that Geneva authorities seized from the son of Equatorial Guinea's president in a money-laundering probe.

Swiss authorities say the sale by auctioneer Bonhams fetched £21.9m (N10billion), with the proceeds going to a charity to benefit the people of oil-rich Equatorial Guinea. See more...

The sale took place at the Bonmont Golf & Country Club in Cheserex near Geneva, Switzerland.

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