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Chinese Firm Seizes Another Nigeria’s Luxury Jet in Canada
Zhongshang Fucheng Industrial Investment Ltd, the Chinese firm involved in legal dispute with Nigeria over contract breach by Ogun State government, has dealt another devastating blow to Nigeria, by confiscating a luxury jet worth $57 million belonging to the country in Canada.
This recent international embarrassment is coming after it also concluded plans to list two residential structures in United Kingdom it seized from the country for sale on global online marketplace eBay on Wednesday.
Meanwhile, the Bombardier 6000 type BD-700-1A10 aircraft, valued at $57 million, was repossessed by Canadian authorities in Montreal, following a court judgment in favour of Chinese investors.
A source familiar with the development revealed, that the change of custodian paperwork was concluded recently, months after a Canadian court granted orders for Zhongshang to takeover the jet.
“The court granted orders for Zhongshang to seize the plane earlier this year, but the change of custody from Nigeria to Zhongshang was only recently concluded,” the source said.
Zhongshang Fucheng has vowed to continue seizing Nigeria’s assets globally until the last cent of the arbitration awards has been paid.
“Zhongshang will not stop seizing Nigeria’s assets worldwide until the last cent of the arbitration awards has been paid,” the source added.
Original Owner Of Luxury Jet Seized In Canada:
The luxury jet was originally purchased by Chief Dan Etete, a former Nigerian Minister of Petroleum under the regime of late General Sani Abacha, who made over $350 million from the corrupt sale of OPL 245 oil field in 2010.
Nigerian government seized the aircraft from Etete in 2016 and held it in Dubai before it was flown to Canada in 2020, where Nigeria quickly obtained a court order for seizure and held it at the main airport in Montreal.
Zhongshang moved to seize the jet in 2023, as part of its efforts to enforce arbitration awards of over $70 million against Nigeria.
Judge David Collier of the Superior Court of Quebec ruled in favour of Zhongshang, rejecting Nigeria’s arguments and sovereign immunity claim as the recent arbitration in the UK has held.
This development is the latest in a series of seizures of Nigeria’s assets by Zhongshang in various countries, including the UK, France, and Canada.
Source: NewsBand
A former Acting Accountant-General of the Federation (AGF), Anamekwe Nwabuoku, who is standing trial for alleged misappropriation of ₦1.96 billion, has appealed to the Federal High Court in Abuja to grant him time to negotiate a settlement with the Economic and Financial Crimes Commission (EFCC).
Nwabuoku, who is facing a nine-count charge, made the request after EFCC’s lawyer, Ekele Iheanacho, SAN, informed the court that the prosecution was ready to proceed with five additional witnesses.
Although he was represented at the hearing by his lawyer, Isidore Udenko, the defendant personally addressed the court, stating that he had hired a Senior Advocate of Nigeria (SAN) to facilitate an out-of-court settlement with the anti-graft agency.
Udenko noted that the trial had commenced only after the defendant’s previous attempt to reach an agreement with the EFCC fell through.
Immediate past Governor of Kaduna State, Malam Nasir el-Rufai, has stated that the National Security Adviser, Nuhu Ribadu is planning to tarnish his reputation because of his 2031 Presidential ambition.
Speaking in an interview with Arise TV on Monday, el-Rufai alleged that Ribadu is collaborating with Governor Uba Sani of Kaduna, and the Independent Corrupt Practices and Other Related Offences Commission to destroy his image
“This project of destroying Nasir el-Rufai is Nuhu Ribadu’s conception. He is the architect and builder of that project. He is the one working with Uba Sani to implement it. So far, it has been frustrating for them,” el-Rufai said.
“Somebody wants to destroy my reputation. Why? Nuhu Ribadu wants to be president in 2031. He has to eliminate every northerner that he thinks is on the radar.”
Following the revelation by former Military President, Gen. Ibrahim Babangida in his book, “A Journey in Service” that the 1966 coup was not an Igbo coup as alleged, Igbo apex group, Ohanaeze Ndigbo, on Sunday, February 23, has demanded an apology and N10 trillion as compensation from President Bola Tinubu to the Igbos.
In his book, Babangida revealed that the primary objective of the coup plotters was to release Chief Obafemi Awolowo from prison and install him as Prime Minister. He emphasized that the involvement of officers from different ethnic backgrounds, including non-Igbo officers such as Major Adewale Ademoyega, Captain Ganiyu Adeleke, and Lieutenants Fola Oyewole and Olafimihan, further invalidates the claim that it was an Igbo-driven coup.
Additionally, some senior Igbo officers were also victims of the coup, such as Lt-Col. Arthur Chinyelu Unegbe, who was executed by fellow officer Major Chris Anuforo. This further weakens the argument that the coup was designed to serve Igbo interests.
Furthermore, Babangida pointed out that the coup was ultimately crushed by Major John Obienu, an officer of Igbo extraction, reinforcing the argument that it was not an ethnic uprising but rather a failed military intervention with specific political objectives.
Reacting, Ohanaeze noted that the story surrounding the coup at the time, unleashed disastrous repercussions on the Igbo people, which ultimately led to the cataclysmic horrors of the Biafra War.
In a statement by the Deputy National President of the Ohanaeze faction, Okechukwu Isiguzoro, the group noted that the apology and compensation had become necessary due to the ”staggering loss of life, with approximately three million Igbo—predominantly innocent women and children—slaughtered during the war.”
It stated that the revelations by IBB would compel Nigerians to confront the alleged ‘’stark injustices perpetrated against the Igbo people.”
The statement added that the demand for ten trillion naira in reparations remained steadfast, stressing that the figure was not arbitrary but a symbolic recognition of the ‘’huge losses the Igbo people had endured since the creation of Nigeria.”
The statement read:
“The apex Igbo socio-cultural organization, Ohanaeze Ndigbo, extends its profound appreciation to General Ibrahim Badamasi Babangida (IBB) for his remarkable courage in officially declaring that the January 1966 coup was unequivocally not an Igbo coup.
“This pivotal acknowledgement is not merely a correction of historical nomenclature but a significant moment in our collective pursuit of justice and reconciliation, signalling a potential end to the historical vindictiveness and cruelty that have been pervasive in Federal Government policies towards the Igbo Nation.
“His forthright exemption of the Igbo from the egregious classification as enemies of the Northern region in the aftermath of the coup is both timely and necessary, even if it arrives decades later.
“The mislabeling of the January 1966 coup has unleashed disastrous repercussions upon the Igbo people, most tragically culminating in the July 1966 counter-coup, which decimated a military Head of State of Igbo descent.
“The staggering loss of life, with approximately three million Igbos—predominantly innocent women and children—slaughtered during this conflict, continues to reverberate through our collective consciousness.
“Furthermore, even in the post-Biafra era, the Igbo Nation continues to grapple with systemic injustices, evidenced by acute marginalisation that leaves us with the smallest representation of states within the Nigerian federation.
“The political conspiracies designed to deny the Igbo the rights to ascend to the highest office in the land—Nigeria’s Presidency—the chronic economic neglect symbolised by the closure of the Calabar seaport, the inoperative state of several ports in Igbo land, the implementation of a discriminatory quota system, and the conspicuous absence of functional international airports in the Southeast starkly illustrate the Federal Government’s long-standing policy of exclusion.
“In light of these egregious injustices and the deliberate neglect exhibited by successive administrations, Ohanaeze Ndigbo hereby restates its demands, as articulated previously during the Justice Oputa-led Judicial Commission for the Investigation of Human Rights Violations Panel in 1999.
“We assert that the Nigerian Federal Government, under General Yakubu Gowon, conducted indiscriminate and unjustified bombardments in Igbo territory during the Nigeria-Biafra War, resulting in overwhelming loss of life. These historical realities establish an irrefutable case for the reparations we seek.
“The present Federal Government, led by President Bola Ahmed Tinubu, must recognise this moment as an opportunity to extend a public and unequivocal apology on behalf of previous military regimes. Our demand for ten trillion naira in reparations remains steadfast.
“This figure is not arbitrary but a symbolic recognition of the indelible losses the Igbo people have endured. The time has come for true acknowledgement of these historical wrongs, which can only be rectified through both reparations and sincere apologies.”
Source: LIB
