Tag: Chinese firm

Chinese investors allegedly repossess another $57m Nigerian jet in Canada

Aminu Imam
Chinese repossess jet

Chinese firm, Zhongshan Fucheng Industrial Investment Ltd has finalised the repossession of a Bombardier 6000 luxury jet, valued at $57 million, owned by Nigeria. This development follows the company’s recent seizure of Nigerian guest houses in Liverpool, UK, as part of its efforts to recover $70 million in arbitration awards against the West African nation. The repossession of the jet, confirmed by Canadian authorities in Montreal, comes after a court ruling earlier this year authorized Zhongshan to seize the aircraft. Judge David Collier of the Superior Court of Quebec dismissed…

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Chinese firm releases seized presidential jet for Tinubu’s France trip

Aminu Imam
Asiwaju presidential jet

Chinese firm, Zhongshan Fucheng Industrial Investment Co. Ltd. has released one of the three Nigerian Airbus A330 aircraft that were detained in France following a court order from a Paris judicial court. Recall that the firm had seized a Dassault Falcon 7X, a Boeing 737-7N6/BBJ, and an Airbus A330-243 belonging to the Nigerian federal government, which were stationed at Paris-Le Bourget and Basel-Mulhouse airports. In a statement issued yestetday, the company announced that it had released one of the seized jets as a “goodwill gesture” ahead of President Bola Ahmed…

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