FG Tackles Chinese Firm On Assets Seizures
The Federal Government has expressed concerns about a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, attempting to take possession of Nigeria's presidential jets and other offshore assets through a court case in Paris, France. Three jets associated with the Nigerian government's presidential air fleet were confiscated by authorities in France and Switzerland. The confiscations occurred following a ruling by a French court that permitted the seizure of the aircraft due to a longstanding business dispute between Ogun State and the Chinese company, Zhongshan.