The Nigerian authorities have finally reacted to the French Court’s judgement that confiscated three presidential jets, including a newly purchased Airbus, valued at over $100 million amid legal face-off.
The aircrafts were seized following a legal battle between Ogun state government and Zhongshan Fucheng Industrial Investment Co. Ltd, a Chinese company.
The seized aircraft include a Dassault Falcon 7X at Le Bourget Airport in Paris, a Boeing 737, and an Airbus 330 at Basel-Mulhouse Airport in Switzerland.
The legal dispute stems from a 2016 decision by the Ogun state government to revoke Zhongshan’s export processing zone management contract, which resulted to a long legal battle that has now spilled over into international courts.
An arbitral tribunal, headed by a former President of the UK Supreme Court, awarded the Chinese firm $74.5 million in compensation, but the Ogun government has yet to honor this award.
The federal government of Nigeria unfortunately found itself in the cross fire due to actions taken by Ogun state government.
But speaking in a statement, Mr Bayo Onanuga, spokesman of president Bola Tinubu accused the Chinese company of misleading the court.
Onanuga stressed that the Nigerian Attorney-General and Minister of Justice is collaborating with Ogun government officials to take out the troubling case.
The statement reads, “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.
“The Federal Government is fully aware of efforts being made by the Ogun State Government to reach an amicable resolution on the matter.
“It must be said without any equivocation that 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.
“When the contract with Ogun State was revoked in 2015, the company had only erected a perimeter fence on the land earmarked for a free trade zone. While the Attorney-General of the Federation and Minister of Justice is working with the Ogun State Government on an amicable resolution, Zhongshan obtained two orders from the Judicial Court of Paris dated March 7, 2024, and August 12, 2024, without any notice being duly served on the Federal Government of Nigeria and Ogun State Government.
“This arm-twisting tactic by the Chinese company is the latest in a long list of failed moves to attach Nigerian government-owned assets in foreign jurisdictions.
“The material facts in the transaction between the Ogun State Government and Zhongshan point to another P&ID case in which unscrupulous and questionable individuals falsely present themselves as investors with the sole objective of undercutting and scamming Governments in Africa.
“Undoubtedly, Zhongshan withheld vital information and misled the Judicial Court in Paris into attaching the Nigerian government’s presidential jets, which are on routine maintenance in France. The use and nature of the Presidential jets as assets of a Sovereign entity whose assets are protected by diplomatic immunity forbid any foreign Court from issuing an order against them.
“We are convinced the Chinese company misled the Judicial Court of Paris regarding the use and nature of the assets it seeks to attach and did not fully disclose to the court as required by law.
“This same Chinese company had tried to enforce its questionable judgment in the UK and USA but failed.
“We want to assure Nigerians that the Federal Government is working with the Ogun State Government to discharge this frivolous order in Paris immediately.”