Would you like to receive notifications on latest updates of the following headlines?

Ex-Ogun Govs Unite Against Chinese Company, tag Firm Scammer over Presidential Jets

POSTED ON August 18, 2024 •   BREAKING NEWS      BY Abiodun Saheed Omodara
Seized Presidential Jet l Photo Credit: Punchng

Two former governors of Ogun State, Ibikunle Amosun and Gbenga Daniel, have pledged to support the Federal Government's efforts to recover the national assets seized by a French court.

A Chinese firm, Zhongshan Fucheng Industrial Investment Company Limited, had obtained a court judgment, leading to the seizure of three presidential jets– a Dassault Falcon 7X, a Boeing 737 and an Airbus 330.

In 2007, the Ogun State Government entered into a joint venture agreement with Zhongshan and another company to create the Ogun Guangdong Free Trade Zone Company.

However, in the first half of 2016, the agreement between the parties broke down, prompting Zhongshan to file lawsuits in Nigerian federal and state courts to seek reinstatement of its contractual rights, which were unsuccessful.

The Chinese firm was awarded damages by the French court, which prohibited Nigeria from moving or selling three presidential jets until the $74.5m awarded was paid.  

The former governors, in separate statements on Saturday, described Zhongshan as a scammer, adding that there was no basis for the company’s claims to compensation.

Amosun, in a statement he signed on Saturday, said Nigeria should not give Zhongfu (also called Zhongshan) any listening ear, as doing so would amount to encouraging “an unlawful entity without locus standi to appropriate our common patrimony.

He insisted that there was no basis for negotiation.

He said, "Government is a continuum at different levels, and the various segments of events leading to this unfortunate situation occurred before, during and after our administration.

Our administration assumed office on May 29, 2011. Very shortly after we took office, two different sets of Chinese companies, Messrs China Africa Investment FXE and Zhongfu International Investment FXE laid claims to management rights over the Ogun Guangdong Free Trade Zone.

The business dispute and rivalry between the Chinese concerns soon became fierce, grounding seamless business activities and threatening public peace and safety within the zone and neighboring communities.

There were claims and counter-claims as to who between the two was the lawful representative of the original joint venturer, Guangdong Province, China, and consequentially who had the right to manage the zone.

Zhongfu International Investment FXE, pretending to be a concerned and genuine tenant and zone stakeholder, volunteered very damaging and destructive information about the official representatives of Guangdong Province, the Joint Venturer and lawful zone managers, China Africa Investment FXE, and subsequently requested to be appointed as interim zone managers."

The state government appointed Zhongfu as an interim zone manager on March 15, 2012 to prevent unwholesome development in the zone pending the completion of a fact-finding exercise.

However, the state later discovered that Zhongfu's claims against China Africa were lies, and Zhongfu's actions were aimed at de-marketing China Africa and converting state-owned assets of Guangdong Province in China.

After receiving a diplomatic note from the Government of China dated March 11, 2016, the state government discovered that China Africa was the rightful investor.

READ ALSO
Sowore Condemns Tenure Extensions of Senior Security Officials for Violating 35-Year Service Limit
BY Abiodun Saheed Omodara July 6, 2025 0

Human rights advocate and ex-presidential aspirant, Omoyele Sowore, has criticized the ongoing tenur...

READ ALSO
South-West Demands Five New States and Constitutional Recognition for Traditional Rulers in Ongoing Constitutional Review
BY Abiodun Saheed Omodara July 4, 2025 0

The demand for the establishment of five new states, the recognition of traditional rulers in the co...

READ ALSO
Federal High Court Orders Reinstatement of  Natasha Akpoti-Uduaghan, Calls Suspension "Excessive"
BY Abiodun Saheed Omodara July 4, 2025 0

A Federal High Court in Abuja ruled on Friday that the Nigerian Senate exceeded its authority by sus...

READ ALSO
Calls for Autopsy: Ondo Govt. Faces Pressure to Exhume Late Governor Akeredolu's Body
BY Abiodun Saheed Omodara June 30, 2025 0

The Ondo State Government may need to exhume the body of the late governor, Oluwarotimi Akeredolu, f...

READ ALSO
Tinubu to Discuss Sustainable Governance at BRICS Summit in Rio
BY Abiodun Saheed Omodara June 29, 2025 0

President Bola Tinubu arrived in Vieux Fort, Saint Lucia, on Saturday for the first leg of his two-p...

READ ALSO
Reps Launches Committee to Review CNG Policy Implementation
BY Abiodun Saheed Omodara June 27, 2025 0

The House of Representatives has formed an ad-hoc committee tasked with examining the Federal Govern...

READ ALSO
Nigeria Takes Bold Step towards Energy Independence with Naira-Based Crude Sales Initiative
BY Abiodun Saheed Omodara June 25, 2025 0

The Nigeria Export Processing Zones Authority, alongside the Federal Government’s One-Stop-Sho...

READ ALSO
IPMAN Links Rising Petrol Prices to Crude Oil Costs and Market Dynamics
BY Abiodun Saheed Omodara June 24, 2025 0

ABUJA, Nigeria (NAN) - The Public Relations Officer of the Independent Petroleum Marketers Associati...

OUR CHANNELS:

Buhari Dies in London after Brief Illness
BY Abiodun Saheed Omodara July 14, 2025 0

Nigeria’s immediate past president, Muhammadu Buhari, has died in London. Buhari died on Sund...


SERAP files Lawsuit against NNPCL over Missing $2.5bn, N825bn for Refinery Rehabilitation
BY Abiodun Saheed Omodara July 14, 2025 0

SERAP files lawsuit against NNPCL over missing $2.5bn and N825bn earmarked for refinery rehabilitati...


Accord Party Calls for Abolishment of State Electoral Commissions to Restore Election Integrity
BY Abiodun Saheed Omodara July 13, 2025 0

The Accord Party has emphasized the necessity for the National Assembly to eliminate the State Indep...


Tinubu Returns to Abuja after Successful Diplomatic Missions in Saint Lucia and Brazil
BY Abiodun Saheed Omodara July 14, 2025 0

ABUJA, Nigeria - President Bola Tinubu returned to Abuja late Saturday following official trips to S...


Leadership Crisis Hits Benue ADC as Over 500 Members Defect Back to PDP
BY Abiodun Saheed Omodara July 14, 2025 0

The Benue chapter of the African Democratic Congress (ADC) is currently enmeshed in a leadership cri...


Voter Apathy: Young Residents Express Doubts About Electoral Process
BY Abiodun Saheed Omodara July 16, 2025 0

LAGOS, Nigeria- Despite appeals for civic engagement from election officials and stakeholders during...


Nigerian Man Sentenced to 11 Years for $1.3 Million COVID-19 Fraud
BY Abiodun Saheed Omodara July 14, 2025 0

A Nigerian man residing in the San Gabriel Valley, Abiola Femi Quadri, received a sentence of 135 mo...


FG Commits to Clearing Legacy Debts for Gas Producers
BY Abiodun Saheed Omodara July 14, 2025 0

The Federal Government has announced its intention to clear all due payments to gas producers, inclu...


Solid Minerals Minister Addresses Blackmail Against Mining Marshals, Vows Sector Reforms
BY Abiodun Saheed Omodara July 14, 2025 0

The Minister of Solid Minerals Development, Dr. Dele Alake, has stated that the Mining Marshals (MM)...


Governor Yusuf Urges Community Support for Educational Initiatives
BY Abiodun Saheed Omodara July 14, 2025 0

The Chief of the Naval Staff (CNS), Vice Adm. Emmanuel Ogalla, has reiterated the Nigerian Navy&rsqu...


More Articles

Load more...

Menu