Just another News Updates
A Chinese firm has successfully repossessed a luxury jet owned by Nigeria as part of an ongoing effort to claim Nigerian assets worldwide. The aircraft, a Bombardier 6000 type BD-700-1A10, valued at $57 million, was taken over by Zhongshang Fucheng Industrial Investment Ltd after a legal battle in Canada. According to sources familiar with the […]
Chinese investors from Zhongshang Fucheng Industrial Investment Ltd are advancing plans to sell two guest houses in Liverpool, England, previously owned by the Nigerian government. The properties, located at 15 Aigburth Hall Road and 49 Calderstones Road, will be listed for sale on e-commerce platform eBay, with an asking price of $2.2 million, according to […]
The ongoing controversy over the seizure of Nigerian presidential jets in Paris, France, has taken a new twist as two former Ogun State governors, Ibikunle Amosun and Gbenga Daniel, have publicly addressed their involvement in the matter. Amosun: A Business Dispute Between Chinese Entities Ibikunle Amosun, who served as Ogun State Governor from 2011 to […]
Former Governor Ibikunle Amosun of Ogun State has revealed that he was deceived into transferring control of a multibillion-naira free trade zone to questionable Chinese investors, adding a troubling layer to the ongoing legal battle threatening Nigeria’s assets abroad. Amosun, who served as governor from 2011 to 2019, admitted in a personal statement that he […]
The management of Zhongshan Fucheng Industrial Investment Company Limited, a Chinese firm, has alleged that its top officials were unlawfully detained and brutalized by Nigerian police during a contractual dispute with the Ogun State Government. This alleged mistreatment has reportedly prompted the firm to seek the seizure of Nigerian assets abroad. On Thursday, news broke […]
The Nigerian Presidency has accused Zhongshan Fucheng Industrial Investment Co. Ltd., a Chinese company, of attempting to seize Nigeria’s offshore assets through deceptive legal tactics. Bayo Onanuga, Special Adviser to the President on Information and Strategy, issued a statement claiming that Zhongshan misled a Paris Judicial Court into issuing orders to seize Nigeria’s presidential jets, […]
Chinese Firm Releases One of Nigeria’s Seized Presidential Jets Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese firm, has released one of Nigeria’s presidential jets that it had previously seized. The release comes amid ongoing legal disputes between the company and the Nigerian government. Zhongshan had secured a court order to confiscate three Nigerian presidential […]
Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese company that recently secured a court injunction to ground three Nigerian presidential jets in Europe, has initiated plans to seize additional Nigerian assets in the United Kingdom, the United States, and six other countries. According to documents obtained on Thursday, the company has instituted legal proceedings in […]
The Nigerian Presidency has initiated efforts to overturn a ruling by the Judicial Court of Paris, France, which led to the seizure of three presidential jets. The ruling was sought by the Chinese firm Zhongshan Fucheng Industrial Investment Company. The court orders, which also affected the Ogun State Government, have been described by the Presidency […]
A French court has ordered the seizure of three jets linked to the Nigerian government as part of an ongoing legal dispute with a Chinese company, Zhongshan. The move is part of efforts to enforce a $74.5 million compensation award against Nigeria. The seized jets include a Dassault Falcon 7X stationed at Le Bourget airport […]