Chinese Firm Seizes Another Nigeria’s Jet
Another Nigeria jet has been seized in Canada by Zhongshang Fucheng Industrial Investment Ltd, a Chinese firm involved in the controversial seizure of three Nigerian aircraft in France and other assets in some other countries.
OSUN DEFENDER reports that the company after a French court order, seized three presidential aircraft over a dispute with the Ogun State Government.
The company later said that it had decided to release one of the three aircraft as a gesture of goodwill, especially on a scheduled meeting between President Bola Tinubu and his French counterpart, Emmanuel Macron.
DailyTrust reported that the Chinese firm had recently received a change of custodian paperwork for the Bombardier 6000 type BD-700-1A10 aircraft from Canadian authorities in Montreal months after a Quebec court issued a judgement that empowered Zhongshang to seize the jet from Nigeria.
In pursuit of enforcement of its arbitration awards of over $70m against Nigeria, Zhongshang has confiscated several Nigerian assets overseas, including two properties in Liverpool, a Dassault Falcon 7X in Paris, a Boeing 737, an Airbus A330 valued at over $100m with the Bombardier 6000 in Canada being the latest.
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On March 21, 2024, Judge David Collier of the Superior Court of Quebec dismissed Nigeria’s attempt to retain ownership of the Bombardier 6000 jet, which records show was acquired for $57m by Dan Etete, a fugitive, as part of a massive spending spree following his receipt of over $350m from the corrupt sale of the OPL 245 oil field in 2010.
Kazeem Badmus is a graduate of Mass Communication with years of experience. A professional in journalism and media writing, Kazeem prioritses accuracy and factual reportage of issues. He is also a dexterous finder of the truth with conscious delivery of unbiased and development oriented stories.
