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.

READ ALSO

●Nigeria’s N9.2trn 19-month Petrol Subsidy Surpasses N8.15trn Spent In 16 Years – Report

●EFCC Arrests Young Billionaire For Fraud

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.