Audio By Carbonatix
The Nigerian government has accused a Chinese company of mounting a campaign to seize its assets overseas, including presidential jets, a government spokesperson said on Thursday.
Presidential spokesperson Bayo Onanuga said Zhongshan Fucheng Industrial Investment Co. Ltd. is using "unorthodox means" to target Nigerian government property, despite having no contractual obligations with the federal government.
Zhongshan did not immediately respond to a request for comment.
The dispute stems from a 2007 contract between Zhongshan and Nigeria's southwestern Ogun State to develop a free trade zone, which was terminated in 2015.
Onanuga said when the Ogun State contract was revoked in 2015, Zhongshan had done no more than erect a perimeter fence on the land earmarked for the free trade zone.
"Zhongshan has no solid ground to demand restitution from the Ogun State Government based on the facts regarding the 2007 contract between the company and the State Government to manage a free-trade zone," Onanuga said in a statement on Thursday.
Nigeria's national government said it is not a party to the contract and that Zhongshan has misrepresented facts to courts in the UK, the United States, and also in France, where it secured more than $60 million in an arbitration award. Nigeria has declined to pay up, Onanuga said.
Onanuga said that Zhongshan obtained two orders from a French court in March and August to seize Nigerian assets, including presidential jets undergoing maintenance in France. He said these assets are immune from foreign legal actions.
The Nigerian government is working with Ogun State to resolve the dispute and protect the country's assets from seizure, Onanuga said.
Latest Stories
-
Mammography available in only 5 regions, making breast cancer screening difficult – Radiologist
10 minutes -
Pastor Daniel Amoateng pays for release of 23 Nsawam prison inmates
12 minutes -
Government to equip health facilities with mammography, radiotherapy machines – Deputy Health Minister
14 minutes -
Floodwaters recede in Hohoe as residents begin returning home – NADMO
25 minutes -
Celine Dion kicks off Paris Fashion Week with surprise performance
26 minutes -
4 years of kidney failure: 28-year-old nurse appeals for $100,000 to undergo life-saving kidney transplant
34 minutes -
Hohoe flood: About 5,000 affected as NADMO begins emergency relief
35 minutes -
Why must I renew my vehicle’s registration number every 2 years?
37 minutes -
Parliamentary Privilege and the Limits of Personal Liberty: A study on the immunity of members of parliament from arrest in Ghana
39 minutes -
Kwabenya Court denies bail to six accused in alleged 3.9-tonne cocaine shipment
39 minutes -
Ghana opposes calls to abolish ICC, urges stronger action against crimes against humanity
46 minutes -
Cedi remains under pressure due to Christmas demand; going for GH¢11.90 at forex bureaus
48 minutes -
NDC opens nominations for 2026 regional executive elections on October 6
49 minutes -
Ghanaian nurses to receive higher pay, health insurance and rent allowance under new Saint Kitts and Nevis agreement
57 minutes -
JoyNews’ Emmanuel Adu Gyamfi named ‘Digital Tourism Icon of the Year’ in Ahafo Region
1 hour