| Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by TRUTHaDDICTED(m): 10:30am On Aug 16 |
Ogun FTZ deal: Chinese firm targets Nigeria assets in eight countries
Zhongshan Fucheng Industrial Investment Co. Limited, the Chinese firm that got a court injunction to ground three presidential jets belonging to the Federal Government in Europe, has initiated plans to seize other Nigerian assets in the United Kingdom, United States of America and in six other countries, The PUNCH has learnt.
The PUNCH also learnt that the company had instituted legal proceedings in about eight jurisdictions globally, regarding the dispute.
The other countries include Belgium, Canada, France, Singapore and the British Virgin Islands, documents relating to the case, which were obtained by our correspondent, were revealed on Thursday.
This comes as the Federal Government vowed to protect its foreign assets from “predators.”
There has been serious controversy following reports that the Chinese company got judgement to ground three presidential jets belonging to the Federal Government.
In 2001, China and Nigeria signed a bilateral investment treaty aimed at promoting commercial investment between the two countries.
In 2007, Ogun State reportedly entered into a joint venture agreement with a Chinese company and another company to create the Ogun Guangdong Free Trade Zone Company. The Nigeria Export Processing Zones Authority, a Federal Government entity that oversees free-trade zones in Nigeria, then delegated control and operation of the free-trade zone to the company.
In 2010, the Ogun Guangdong Free Trade Zone Company contracted with Zhongshan’s parent company to develop an industrial park in the free-trade zone. The goal was for Zhongshan’s parent company to develop the park and build factories in it for tenants to use.
In the first half of 2016, however, the agreement between both parties was terminated, leading to Zhongshan filing lawsuits in Nigerian federal and state courts seeking reinstatement of its contractual rights but the legal proceedings were discontinued in Spring 2018.
However, a French court, recently, authorised the seizure of three of Nigeria’s presidential jets, two of the jets – a Dassault Falcon 7X and a Boeing 737 – are part of Nigeria’s presidential air fleet that were recently put up for sale and the third, an Airbus 330 purchased by Nigeria, but not yet delivered.
Zhongshan had again dragged Ogun to court, where an independent arbitral tribunal, chaired by the former President of the UK Supreme Court, awarded the Chinese firm $74.5m compensation, which Ogun was yet to pay.
The court order prohibited Nigeria from moving or selling the presidential jets until the Chinese firm was paid the $74.5m by Ogun, its sub-national.
However, documents indicated that the Chinese company attempted to seize a jet being recovered by the country from Dan Etete as proceeds from fraudulent acts in Canada.
The Federal Government had tracked down and grounded the luxury private jet purchased by former petroleum minister, Etete, with some of the alleged proceeds of the notorious $1.3bn Malabu OPL245 oil deal.
“The goal is clear – that Mr Etete will avoid the seizure of an asset he got with stolen Nigerian money, with Zhongshan’s connivance.”
According to the documents, Zhongshan was originally engaged as a developer and manager of Fucheng Industrial Park but was asked to manage the facility after the government terminated the joint venture with CAI because it didn’t meet the necessary requirements.
The document claimed that the Ogun government cancelled the contract after it received a Diplomatic Note 1601 from the Economic and Commercial Section of the PRC Consulate in Lagos, alleging that Guangdong illegally held shares in China Africa Investment Limited, a state asset and that entity (New South Group) was the company properly entitled to manage OGFTZ.
The document read, “In 2007, the Ogun State Government, in partnership with the Guangdong province in China conceived and set up the Ogun Guangdong Free Trade Zone, which sits on 2,000 hectares in Igbesa, Ogun State.
“Ogun State signed a Joint Venture Agreement directly with China Guangdong Xinguang China-Africa Investment Limited representing Guangdong Province in the joint venture. OGFTZ houses several enterprises as well as subdevelopments, including one Fucheng Industrial Park, measuring 224 hectares. In 2010, OGFTZ contracted Zhongshan to develop and manage Fucheng Industrial Park.
“However, in 2012, Ogun State terminated the joint venture with CAI because CAI had not met obligations under the 2007 JVA. Ogun State then appointed Zhongshan as an interim manager of the Zone, since it was already managing Fucheng Industrial Park. In June 2012, Zhongshan assumed management control of a 51 per cent stake in CAI and subsequently signed another JVA with Ogun State Government in September 2013.”
It further stated that the company had been making efforts to enforce the tribunal award.
“As of August 2024, there are court proceedings in about eight jurisdictions of the world regarding this dispute.
“These include USA, UK, Belgium, Canada, France, and the British Virgin Islands. Till date, Zhongshan has not realised a single penny from the Award, and all signs indicate that Zhongshan is unlikely to do so anytime soon.”
It added that company was still tracking the location of Nigerian assets abroad.
Meanwhile, a court document has revealed that the Chinese company was demanding compensation of $130.6m due to a breach of contract by reneging on terms between both parties to create the Ogun Guangdong Free Trade Zone.
The document obtained by our correspondent on Thursday, however, listed the Federal Government as the defendant because the direct agreement was between Nigeria and China and not with the company based on international treaty conditions.
The case filed at the United States District Court for the District of Columbia (No. 1:22-cv-00170) was argued April 22, 2024 and decided August 9, 2024 by Circuit Judges Millett, Katsas and Childs.
In presenting its argument, the company stated that Nigeria violated the Investment Treaty with China in five ways “by failing to provide Zhongshan with fair and equitable treatment, engaging in unreasonable discrimination, neglecting to protect Zhongshan, breaching the contract, and wrongfully expropriating investments without compensation.”
Giving details of the deal, the company said it invested millions of dollars and significant resources to develop and build infrastructure in the industrial park, including roads, utilities and opened services such as a hospital, hotel, supermarket, and bank.
By 2016, businesses had moved into the zone and Nigeria had collected approximately N160m in tax revenue from the free-trade zone.
It read, “In the first half of 2016, however, Ogun State terminated its agreements with Zhongshan. Ogun claimed that a different Chinese company was legally entitled to Zhongshan’s share of the free-trade zone and that Zhongshan had defrauded Ogun.
“Things continued to deteriorate. One Ogun official texted a Zhongshan executive, urging him ‘as a friend’ to ‘leave peacefully when there is opportunity to do so, and avoid forceful removal, complications and possible prosecution.’ The next month, Ogun issued an arrest warrant for two executives, alleging a ‘criminal breach of trust.’
“Nigerian federal police arrested one Zhongshan executive at gunpoint and held him for ten days. During that time, the police denied the executive food and water, beat him, intimidated him, and questioned him about the whereabouts of the other executive.
“Based on these findings, the arbitral tribunal found that Nigeria had breached its obligations under the Investment Treaty and that Zhongshan was entitled to $55.6m in compensation from Nigeria and $75,000 in moral damages, along with interest and legal and arbitral fees.”
Reacting, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), said his office and that of the National Security Adviser have commenced legal and diplomatic moves to recover the three presidential aircraft seized by the Chinese firm.
This was contained in a statement by the Special Adviser to the President on Communication and Publicity, Office of the AGF, Kamarudeen Ogundele, on Thursday in Abuja.
The statement read, “On 14th August 2024, the Federal Government of Nigeria became aware of the interim attachment of three presidential aircraft undergoing routine maintenance in France. The said temporary attachment was made pursuant to exparte orders issued by the Judicial Court of Paris dated 7 March 2024 and 12 August 2024 respectively at the instance of Messrs. Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese company seeking to enforce a Final Award granted in its favour on 26 March 2021, against one of Nigeria’s sub-nationals, Ogun State.
“It is to be noted that the arbitral award arose from an arbitration proceeding which commenced in 2018 as a fallout of a contractual dispute between the Chinese company and Ogun State Government over the operation and management of Ogun Guangdong Free Trade Zone.
“We wish to clarify that, though the dispute originated from engagements of the Ogun State Government, however, the consequential enforcement actions are being directed against the Federal Government and its assets in line with extant principles of international law, which holds that the actions of a subnational or local entity are attributable to the state or country itself.
“The offices of the National Security Adviser and the Attorney-General of the Federation have already set in motion both legal and diplomatic steps to ensure the discharge of the inappropriate orders against the aircrafts, which are covered by sovereign immunity.
“While, further actions are being put in place to resolve the entire dispute through available legal means, the firm position of the Federal Government remains that the aircraft in question are sovereign assets used solely for sovereign purposes and are therefore immune from attachment as Zhongshan has sought to do.”
Meanwhile, the Presidency, in a statement titled ‘Chinese company’s fraudulent attempt to strip Nigeria’s assets abroad’, on Thursday said the efforts by Zhongshan to take over the jets were fraudulent.
The Presidency argued that the use and nature of the jets as assets of a sovereign entity whose assets were protected by diplomatic immunity forbade any foreign court from issuing an order against them.
It said it is convinced that the Chinese company “misled” the Judicial Court of Paris regarding the use and nature of the assets it sought to attach and did not fully disclose to the court as required by law.
The statement, signed by the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, “The Presidency is aware of the various failed attempts by a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, to take over offshore assets of the Federal Government of Nigeria through subterfuge.
“The Federal Government is not under any contractual obligation with the company. The case in which Zhongshan is trying to use every unorthodox means to strip our offshore assets is between the company and the Ogun State Government.”
Also, the Ogun State Government, on Thursday, faulted the judicial process that led to the provisional attachment of three Nigerian government-owned aircraft in France by the Judicial Court of Paris on March 7 and August 2, 2024.
In a statement signed by the Special Adviser to Governor Dapo Abiodun on Media and Strategy, Kayode Akinmade, the state government described the latest development as “the new antics by the Chinese company to appropriate Nigerian assets in foreign jurisdictions, as past efforts had continually failed.”
The statement described the legal process “as nothing but a total charade with fraudulent notion,” adding that the company deliberately concealed the litigation from both the Nigerian government and Ogun State, as well as their legal counsels before hurriedly securing orders of seizure.
The state government said the company must have misled the Judicial Court of Paris on the use and nature of the assets it sought to attach and not make full disclosure to the court as required by law.
The statement read, “On 14 August 2024, the attention of the Ogun State Government was drawn to the provisional attachment of three Nigerian government-owned aircraft in France by the Chinese company, Zhongshan Fucheng Industrial Investment Co. Ltd. (Zhongshan).
“Ogun State also learned of two orders of the Judicial Court of Paris dated 7 March 2024 and 12 August 2024 respectively, both obtained by Zhongshan without notice being duly given to the Federal Government of Nigeria, Ogun State or their legal counsel.
“This is the latest in a series of ill-advised attempts by Zhongshan to attach Nigerian-owned assets in foreign jurisdictions, none of which have to date led to the recovery of any sums from Nigeria.
“Each of the three aircraft is used solely for sovereign purposes and as such are immune from attachment under international and French laws.
“In obtaining the provisional attachments, Zhongshan deliberately withheld information from the Federal Government of Nigeria, Ogun State and their legal counsel.
“Just like the P&ID case, this is another unfortunate case of unscrupulous individuals masquerading as foreign investors with the sole aim of defrauding Ogun State and Nigeria.
“It should be recalled that the underlying contract between Ogun State and Zhongshan was executed in 2007, 12 years before the present administration, for the management of a free-trade zone. The parties entered into a dispute in 2015 with arbitration commencing in 2016.”
It added, “By 2019, when the current State Administration took office, the hearing at the arbitration had been all but concluded. The Arbitral Panel awarded over 60 million USD against the Federal Government of Nigeria (FGN) which was a co-Defendant, when all Zhongshan had done was to build a perimeter fence around the free-trade zone. Needless to say this was a bad/unfair decision.
“The present State Administration could not in all good conscience allow such an unconscionable and baseless decision, which would dissipate the commonwealth of the good people of Ogun State, to stand.
“Accordingly, and based on erudite legal advice, this Administration resolved to resist the enforcement of the award. The resistance was successful in eight different jurisdictions. Currently, there are pending appeals against recognition orders issued in both the US and UK,” the statement read. https://www.google.com/amp/s/punchng.com/ogun-ftz-deal-chinese-firm-targets-nigeria-assets-in-eight-countries/%3famp 6 Likes 2 Shares 
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| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by LagosPrince: 10:32am On Aug 16 |
Shame on tinubu, this is international disgrace he has brought upon Nigeria
Dapo abiodun and tinubu should clear up this mess 133 Likes 21 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by ojun50(m): 10:44am On Aug 16 |
Make them seize the country self 131 Likes 12 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by LibertyRep: 10:44am On Aug 16 |
Nigerian asset or Ogun State govt asset cos I no con understand again.
Time for the FG to invite the Chinese Ambassador for serious talk. 36 Likes 6 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by Seefinish: 10:47am On Aug 16 |
Nigeria should also go against China investments in Nigeria 15 Likes 5 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by SpatialKing(m): 10:52am On Aug 16 |
Wow
Where are all the so called IGR generated by Ogun state?
They claim Ogun IGR is higher than the entire south east region..Ogun state should have save Nigeria from this international shame and embarrassment.
Why did Tinubu go ahead to purchase not one but 3
Three jets knowing fully well the situation of Nigeria economy where did the money come from?
Finally what's the essence of still maintaining diplomatic or slavery relationship with western countries like France and USA ? Why can't we cut ties with them like Burkina Faso, Mali and Chad have done?
This shows that USA have something damaging against Tinubu and they are using it to control his government like puppet..
Yet again APC government a Yoruba/Hausa/Fulanis party has brought shame to this country.
We wish they could seize Tinubu too 118 Likes 13 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by betshopagent(m): 10:52am On Aug 16 |
Ogun state should pay. make dem leave other states from their mess 29 Likes 6 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by TRUTHaDDICTED(m): 10:55am On Aug 16 |
Seefinish:
Nigeria should also go against China investments in Nigeria Dey play  you think is Nairaland bantering? Since Nigerians refuse to admit Nigeria's expiration and honorably disintegrate, then God will have no other options than disgrace them to the ground. 86 Likes 13 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by RuggedBiafran: 10:56am On Aug 16 |
ZOO 36 Likes 6 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by Remman(m): 10:58am On Aug 16 |
This Chinese company no get respect at all...
This is what you get when the head lack ideas to deal with issues like this. 16 Likes 4 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by san4P(m): 11:35am On Aug 16 |
This is my view with respect to this issue... The contract was endorsed in 2010... and no development was done apart from perimeter fencing until 2016... definitely the expectations of Nigerian government... and the clauses in the legal document should have stated the maximum timeframe for job completion and extension... Even Dangote Refinery shared updates on construction development phases...
From available information... the supposed compensation amount is due to contract termination... not refund of investment made... if the company couldn't establish the facility within 6 years... then they were merely wasting Nigeria time... and hindered other more serious investors...
If this oppression succeed other foreign parties would come into Nigeria.... do shady jobs... then ask for compensation...
In as much as Nigeria has a present issue of leadership flaws... I think our individual patriotic passion should overwhelm this foreign manoeuvres... Because ever kobo used to repay this legal charge would come from our collective taxes...
Let Nigerian government instruct EFCC to trace out corruption record of this company... before, during, and after deal endorsement... then let's issue warrant of arrest... and request Interpol to arrest the culprits...
Therefore I advise Nigerians to stand together against this legal oppression... Let's stand with Nigeria... Let's stand with Ogun state... 31 Likes 3 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by GreyWolf01: 12:07pm On Aug 16 |
LibertyRep:
Nigerian asset or Ogun State govt asset cos I no con understand again.
Time for the FG to invite the Chinese Ambassador for serious talk.
Debtor will invite benefactor for serious talk? You well so? 27 Likes 3 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by oyichi: 12:14pm On Aug 16 |
that's good, this government is already destroying the country, china should help them, government that consist of only criminals, insatiable thief's 27 Likes 7 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by ilovewater89(f): 12:18pm On Aug 16 |
I heard al the loan apps in Nigeria are owned by Chinese but the use some Nigerians as a front so that the government won't trouble them.
It makes me remember, the loan apps got so popular few months after Buhari got those huge Chinese loans 20 Likes 4 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by PureFace1(m): 12:32pm On Aug 16 |
SpatialKing:
Wow
Where are all the so called IGR generated by Ogun state?
They claim Ogun IGR is higher than the entire south east region..Ogun state should have save Nigeria from this international shame and embarrassment.
Why did Tinubu go ahead to purchase not one but 3
Three jets knowing fully well the situation of Nigeria economy where did the money come from?
Finally what's the essence of still maintaining diplomatic or slavery relationship with western countries like France and USA ? Why can't we cut ties with them like Burkina Faso, Mali and Chad have done?
This shows that USA have something damaging against Tinubu and they are using it to control his government like puppet..
Yet again APC government a Yoruba/Hausa/Fulanis party has brought shame to this country.
We wish they could seize Tinubu too I know the fact that Ogun state can generate more money than your entire 5 barren State in the East is still paining you. Ogun state didn't borrow money from China its is just contract deal gone wrong and even if Federal Government must pay, Ogun state can endure and bare the brunt because of its High IGR, if the same happen to a state like Anambra the state will just collapse. 19 Likes 5 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by crestedaguiyi: 12:44pm On Aug 16 |
Both you and the idiot you quoted are dumb.
Tunubu did not buy 3 private jets, read una no go gree.
Stay here and be claiming non existent IGR. 16 Likes 3 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by pandax: 12:51pm On Aug 16 |
san4P:
This is my view with respect to this issue... The contract was endorsed in 2010... and no development was done apart from perimeter fencing until 2016... definitely the expectations of Nigerian government... and the clauses in the legal document should have stated the maximum timeframe for job completion and extension... Even Dangote Refinery shared updates on construction development phases...
From available information... the supposed compensation amount is due to contract termination... not refund of investment made... if the company couldn't establish the facility within 6 years... then they were merely wasting Nigeria time... and hindered other more serious investors...
If this oppression succeed other foreign parties would come into Nigeria.... do shady jobs... then ask for compensation...
In as much as Nigeria has a present issue of leadership flaws... I think our individual patriotic passion should overwhelm this foreign manoeuvres... Because ever kobo used to repay this legal charge would come from our collective taxes...
Let Nigerian government instruct EFCC to trace out corruption record of this company... before, during, and after deal endorsement... then let's issue warrant of arrest... and request Interpol to arrest the culprits...
Therefore I advise Nigerians to stand together against this legal oppression... Let's stand with Nigeria... Let's stand with Ogun state... Ogun should go and pay its debt!. The anus cannot fart and you are hitting the head 11 Likes 1 Share |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by Oghene86: 12:52pm On Aug 16 |
TRUTHaDDICTED:
WORLD NEWS
JUST-IN: Chinese Firm Moves To Seize All Nigerian Assets In US, UK, Six Others.
GISTSMATE MEDIA reports that Zhongshan Fucheng Industrial Investment Co. Limited, the Chinese firm that got a court injunction to ground three presidential jets belonging to the Federal Government in Europe, has initiated plans to seize other Nigerian assets in the United Kingdom, United States of America and in six other countries.
This Nigeria news platform learnt that the company had instituted legal proceedings in about eight jurisdictions globally, regarding the dispute.
The other countries include Belgium, Canada, France, Singapore and the British Virgin Islands, documents relating to the case, which were obtained by our correspondent, were revealed on Thursday.
This comes as the Federal Government vowed to protect its foreign assets from “predators.”
There has been serious controversy following reports that the Chinese company got judgement to ground three presidential jets belonging to the Federal Government.
In 2001, China and Nigeria signed a bilateral investment treaty aimed at promoting commercial investment between the two countries.
In 2007, Ogun State reportedly entered into a joint venture agreement with a Chinese company and another company to create the Ogun Guangdong Free Trade Zone Company. The Nigeria Export Processing Zones Authority, a Federal Government entity that oversees free-trade zones in Nigeria, then delegated control and operation of the free-trade zone to the company.
In 2010, the Ogun Guangdong Free Trade Zone Company contracted with Zhongshan’s parent company to develop an industrial park in the free-trade zone. The goal was for Zhongshan’s parent company to develop the park and build factories in it for tenants to use.
In the first half of 2016, however, the agreement between both parties was terminated, leading to Zhongshan filing lawsuits in Nigerian federal and state courts seeking reinstatement of its contractual rights but the legal proceedings were discontinued in Spring 2018.
However, a French court, recently, authorised the seizure of three of Nigeria’s presidential jets, two of the jets – a Dassault Falcon 7X and a Boeing 737 – are part of Nigeria’s presidential air fleet that were recently put up for sale and the third, an Airbus 330 purchased by Nigeria, but not yet delivered.
Zhongshan had again dragged Ogun to court, where an independent arbitral tribunal, chaired by the former President of the UK Supreme Court, awarded the Chinese firm $74.5m compensation, which Ogun was yet to pay.
The court order prohibited Nigeria from moving or selling the presidential jets until the Chinese firm was paid the $74.5m by Ogun, its sub-national.
However, documents indicated that the Chinese company attempted to seize a jet being recovered by the country from Dan Etete as proceeds from fraudulent acts in Canada.
The Federal Government had tracked down and grounded the luxury private jet purchased by former petroleum minister, Etete, with some of the alleged proceeds of the notorious $1.3bn Malabu OPL245 oil deal.
“The goal is clear – that Mr Etete will avoid the seizure of an asset he got with stolen Nigerian money, with Zhongshan’s connivance.”
According to the documents, Zhongshan was originally engaged as a developer and manager of Fucheng Industrial Park but was asked to manage the facility after the government terminated the joint venture with CAI because it didn’t meet the necessary requirements.
The document claimed that the Ogun government cancelled the contract after it received a Diplomatic Note 1601 from the Economic and Commercial Section of the PRC Consulate in Lagos, alleging that Guangdong illegally held shares in China Africa Investment Limited, a state asset and that entity (New South Group) was the company properly entitled to manage OGFTZ. They should come and even seize the country, maybe we would get a better deal from them. This is the fault of irresponsible politicians that that read agreement and clauses in the agreement, there time times these agreements may not be in your favor moving forward, you wait till the end and don't renew the agreement rather than use your government power to force them out, it's a lesson to all of them the house of Reps and Senate would need send a bill to regulate such transactions in other to avert such embarrassing act in future, it's how to bring a bill that would jail those that refuse to sing anthem they can't sing themselves 13 Likes 3 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by opalu: 12:56pm On Aug 16 |
This is a bad trend. Before u know they will start seizing our National Assets because of Debts that Buhari took 7 Likes |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by ATEAMS: 12:57pm On Aug 16 |
C bullying |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by ARISHEM: 12:57pm On Aug 16 |
See how one state carelessness and reckless decision is making the federal government scamper frantically for safety and frighteningly putting them on their toes. If the Chinese firm are successful on this, Ogun State should be denied Federal allocation for 5 years.  10 Likes 2 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by kingsways: 12:57pm On Aug 16 |
When you keep borrowing and borrowing, what do you expect?
What do you expect when you have a government run by dafts who only have one agenda when they meet: how to borrow from China 1 Like |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by Racoon(m): 12:57pm On Aug 16 |
Chai! Buhari went to do a senseless deal with the Chinese yhen back then and APC zombies on this platform were hailing it as achievements. Buhari starts borrowing spurious from the same China and other world bodies till he mortgaged Nigeria into chronic irredeemable financial indebtedness they hailed on.
Now China firm has started seizing Nigeria assets outside this nation. Guess they didn't see it coming. Fear is out crude oil that has been sold upfront by the same Buhari govt that they hailed as the best thing after slice bread will start hijacking oil tankers with Petroleum Products to offset debts or even colonise the nation again. 5 Likes 2 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by Obyangel: 12:58pm On Aug 16 |
No atom of respect for the most powerful, popular and biggest giant black nation on Earth because of Ogun state with their nonsense.
Bitter Truth is Southwesterners are the real problem of this country, disgracing the country since stone age. 10 Likes |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by KingOfTheDamned: 12:59pm On Aug 16 |
Evil never wins forever . Eventually evil always looses. The peace you refused to give your citizens , that same peace will be denied you
Eventually all the stolen money politicians like Tinubu stash abroad in foreign accounts will be seized too.
Stolen funds and stolen loot , plus refineries in Malta will all the seized one by one.. 11 Likes 2 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by Deziwealth: 12:59pm On Aug 16 |
LagosPrince:
Shame on tinubu, this is the international disgrace he has brought upon Nigeria
Dapo abiodun and tinubu should clear up this mess You go mumu for real life oo, was tinubu there in 2016-2016? Just moved past being a failure, if your candidate fail make he try next, but acting fullish online embarrassing your family members 13 Likes 5 Shares |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by victorazy(m): 12:59pm On Aug 16 |
State of a country, pitiable. |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by 1000angstroms(m): 12:59pm On Aug 16 |
Oya ronus come and tell us what we don't know. 1 Like |
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| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by Meerahbel: 1:00pm On Aug 16 |
E dakun seize everything |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by Utanisco(m): 1:01pm On Aug 16 |
Ghen ghen |
| Re: Chinese Firm Moves To Seize Nigerian Assets In US, UK, Canada, 5 Other Countries by TheBreastSucker(m): 1:01pm On Aug 16 |
I will retaliate on behalf of Nigeria. From now on I will start sucking the breast of any Chinese lady I see on the road  3 Likes 2 Shares |
