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Ogun FTZ saga: Chinese to seize Nigeria assets in eight countries

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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  company has also 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.”

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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.

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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.

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“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.

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“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 the company was still tracking the location of Nigerian assets abroad.

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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.

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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.”

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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.

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“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.

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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.

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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.

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“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.

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“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.

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NDC Town Hall: Amadeo Event Centre Denies Enugu Govt Interference, Explains Booking Controversy

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The management of Amadeo Event Centre, Enugu, has broken its silence over the controversy surrounding the Nigerian Democratic Congress (NDC) town hall meeting involving former presidential candidate, Mr Peter Obi, denying allegations that the Enugu State Government influenced its decision to withdraw approval for the event.
In a statement issued on Thursday, October 29, 2026, the management attributed the disagreement to an alleged breach of its booking agreement, insisting that the facility was originally reserved for a healthcare practitioners’ conference and not a political gathering.
According to the management, Dr Sabastine Chuks Ezeh, Registrar of the Nigeria Institute of Healthcare Givers and Medical Social Work Practitioners, booked the centre on October 7 for a national meeting and conference scheduled for October 15.
It explained that Dr Ezeh subsequently submitted a cancellation and refund request on October 13 but later withdrew the request, indicating that the association intended to postpone the programme rather than cancel it.
The management said October 29 was eventually confirmed as the new date on October 23, while arrangements were made for decorations to commence on October 28.
How Controversy Started
Amadeo Event Centre disclosed that the disagreement began on the morning of October 28 when management allegedly discovered that decoration materials brought to the premises were intended for a political party rather than the healthcare association that booked the facility.
It described the development as a violation of the booking agreement.
Citing Clause 17 of its terms and conditions, the management maintained that it reserved the right to stop any activity, meeting or event that failed to comply with its operational rules and applicable regulatory requirements.
Consequently, it notified the client of its decision to withdraw approval for the event.
The management further claimed that NDC officials and candidates subsequently arrived at the premises accompanied by security personnel, expressing surprise at the change in both the identity of the organisers and the nature of the proposed gathering.
It, however, disclosed that the event was eventually allowed to proceed to avert a possible breakdown of law and order.
According to the statement, the organisers informed management that the programme was a youth town hall meeting featuring Mr Peter Obi.
No Political Party Booked Our Facility — Management
The centre insisted that no political party made a booking for October 29, maintaining that the only recognised reservation was that of the healthcare practitioners’ association.
It also described itself as a non-partisan facility, explaining that its longstanding policy was to decline requests for political events.
Addressing viral videos showing security personnel at the premises, the management denied inviting the police to disrupt the gathering.
It clarified that the officers seen in the footage were security escorts accompanying political aspirants who arrived after the cancellation notice had been issued.
Enugu Government Not Involved
On allegations linking the controversy to the Enugu State Government, Amadeo Event Centre categorically denied receiving instructions from Governor Peter Mbah’s administration or any government official.
The management maintained that the state government played no role in the decision, either directly or indirectly.
It attributed the controversy to partisan interpretations of what it described as a straightforward contractual disagreement, particularly amid heightened political activities ahead of the 2027 general elections.
The clarification comes amid public debate over allegations that the Enugu State Government attempted to frustrate the opposition gathering.
Governor Mbah had earlier denied allegations that he ordered the disruption of the planned town hall meeting.
Amadeo Event Centre reaffirmed its commitment to providing facilities for peaceful and lawful gatherings, including academic, religious, social and corporate programmes.
The management maintained that its actions were guided strictly by its booking policies and not by political considerations.

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NSCDC Suspends Officer Over Market Shooting, Orders Disciplinary Trial

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The Nigeria Security and Civil Defence Corps (NSCDC) has suspended Deputy Superintendent of Corps (DSC) Onoja Babayo Samuel over his alleged involvement in a shooting incident at Kubwa Market, Abuja, on October 25, 2026.
The Corps has also ordered an Orderly Room Trial and referred the officer to its disciplinary committee to determine his level of culpability.
In a statement issued on Thursday by its National Public Relations Officer, Babawale Afolabi, the NSCDC disclosed that Samuel was arrested by the Federal Capital Territory (FCT) Police Command after allegedly firing gunshots into the air during a confrontation with traders at the market.
The Corps described the alleged conduct as a gross violation of its rules of engagement and Standard Operating Procedures (SOP), particularly those regulating the use of firearms.
Consequently, the Commandant General of the NSCDC, Prof. Ahmed Abubakar Audi, directed the officer’s immediate suspension pending the conclusion of investigations and disciplinary proceedings.
Following the directive, Samuel has been relieved of all official duties and stripped of his responsibilities until the disciplinary process is concluded.
According to the statement, the disciplinary committee at the Corps’ National Headquarters in Abuja will examine the circumstances surrounding the incident alongside the Orderly Room Trial.
The NSCDC assured the public that the outcome of the proceedings would be made known upon conclusion.
Reaffirming his administration’s zero tolerance for professional misconduct and the misuse of firearms, Audi warned that no officer found culpable of violating operational guidelines would be shielded from appropriate sanctions.
He reiterated the Corps’ commitment to protecting lives, maintaining professionalism and ensuring public safety, stressing that personnel must conduct themselves within established operational procedures at all times.

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C’Riiver Speaker Ayambem Opens 2027 Budget Retreat, Pledges Thorough Scrutiny of Appropriation Bill

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The Speaker of the Cross River State House of Assembly, Rt. Hon. Elvert Ayambem, has opened the 2027 Budget Retreat in Obudu, pledging a thorough legislative review of the proposed budget to ensure prudent resource allocation and effective service delivery.

The retreat, themed “Consolidation and Renewed Hope,” is being held at Centurion Hotel, Obudu.

Ayambem said the retreat would enable lawmakers to critically examine the 2027 Appropriation Bill, assess government spending priorities and ensure that proposed expenditures reflect the needs and aspirations of the people.

He identified agriculture, healthcare, education, infrastructure and human capital development as key sectors requiring adequate attention in the budget.

The Speaker reaffirmed the Assembly’s commitment to a comprehensive and timely review of the budget estimates, emphasising the need for fiscal responsibility, transparency and accountability in the management of public funds.

He commended Governor Bassey Otu for maintaining a constructive relationship between the executive and legislative arms of government, noting that cooperation between both institutions was essential for effective governance.

Ayambem described the annual budget retreat, sustained by the 10th Assembly for four consecutive years, as evidence of the legislature’s commitment to strengthening budgetary oversight and improving its engagement with the state’s fiscal plans.

He expressed optimism that the deliberations would produce a responsive and people-centred budget that advances the gains of Governor Otu’s People First Administration, promotes sustainable development and translates government policies into tangible improvements in the lives of Cross River residents.

Matthew Okache
Chief Press Secretary to the Speaker
October 28, 2026

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TUC Rejects Tinubu’s N70,000 Transport Allowance

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The Trade Union Congress of Nigeria (TUC) has rejected the Federal Government’s proposed N70,000 transport allowance for workers, demanding an immediate upward review of salaries to N300,000 for the lowest-paid federal employee.
The labour union insisted that temporary financial interventions could no longer address the worsening economic hardship confronting Nigerian workers, particularly amid rising inflation and the increasing cost of essential goods and services.
In a statement jointly signed by its President-General, Comrade Festus Osifo, and Secretary-General, Comrade N. A. Toro, the TUC maintained that the Federal Government must prioritise a substantial salary increase rather than rely on transport allowances as a short-term relief measure.
The congress disclosed that it had formally communicated its position to the government in a letter dated October 8, 2026, following deliberations at its National Administrative Council meeting in Abuja.
It explained that subsequent discussions with government representatives, including the Secretary to the Government of the Federation, had failed to produce a satisfactory resolution.
According to the TUC, there is no legal restriction preventing the government from increasing workers’ salaries ahead of negotiations for a new national minimum wage.
It consequently proposed raising the earnings of the lowest-paid federal worker from N70,000 to N300,000, with corresponding adjustments across other salary grades.
The union cited several state governments that had already increased their minimum wages beyond N100,000, arguing that the Federal Government had no justification for delaying an upward salary review.
“Negotiations of a new national minimum wage must not become an excuse for postponing urgent pay increment,” the congress declared.
The TUC also expressed dissatisfaction over what it described as the government’s failure to fully implement the N40,000 wage award agreed upon with organised labour on October 2, 2023.
It alleged that while some workers had experienced payment delays of between one and two months, others had yet to receive the award.
The congress further claimed that more than 80 per cent of states, as well as the informal sector, had not implemented any form of wage award.
Beyond salary adjustments, the labour organisation urged governments at all levels to introduce sustainable measures aimed at reducing living costs, guaranteeing prompt payment of salaries and pensions, protecting jobs and eliminating exploitative labour practices.
It equally called for renewed investment in the productive sector to stimulate employment and improve the economic conditions of Nigerian workers.
TUC Demands Implementation of JOHESU Agreement
Meanwhile, the congress has accused the Federal Government of reneging on its agreement with the Joint Health Sector Unions (JOHESU), seven months after the unions suspended their industrial action.
The TUC recalled that the agreement was reached during a conciliation meeting convened by the Minister of Labour and Employment, Dr Muhammad Maigari Dingyadi, alongside other senior government officials.
It explained that the agreement provided for the resolution of outstanding issues concerning adjustments to the Consolidated Health Salary Structure (CONHESS).
However, the congress lamented that the government had failed to implement the agreement despite JOHESU suspending its strike in good faith.
Describing the development as a breach of trust and a threat to collective bargaining, the TUC demanded immediate implementation of the agreement, adequate budgetary provisions, a definite implementation timetable and meaningful engagement with the affected unions.
“While the workers have kept their side of the bargain, the government hasn’t kept its side of the agreement,” the statement noted.
The congress warned that health workers could not be expected to continue delivering essential services indefinitely while the government failed to honour its commitments.
It pledged solidarity with JOHESU and vowed to explore all lawful and legitimate options to compel compliance.
The TUC, however, disclosed that it would await the outcome of a scheduled meeting with government representatives before deciding on further action.
It reiterated that the welfare of Nigerian workers must remain a priority, stressing that agreements freely entered into between the government and organised labour must be respected and implemented.
Clarify N70,000 allowance versus salary
Tighten the repeated TUC attribution
Strengthen the transition to JOHESU

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Governor’s Convoy Kills Five in Auto Crash

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Five persons, including four male students and a young woman, have reportedly lost their lives in a fatal road accident involving a vehicle in the convoy of Niger State Governor, Mohammed Umaru Bago, in Minna, the state capital.

The tragic incident occurred on Monday at Gidan Mangoro community along the Minna–Bida Road when a Hilux van attached to the governor’s convoy reportedly collided head-on with a private Peugeot 206 car.
The female victim, identified as Mrs Nafisa, was reportedly driving the Peugeot when the accident occurred. She was said to be a Programme Manager at Labspace, an NGO, and founder of Wosh Mart Service Ltd.
According to Vanguard, an eyewitness and resident of Gidan Mangoro, Abdullahi Musa, said the accident happened at approximately 11:35 a.m. while the governor and his entourage were returning from Bida.
Bago had reportedly visited the Etsu Nupe and Chairman of the Niger State Council of Traditional Rulers, Alhaji Yahaya Abubakar, to commiserate with him over the death of Sagi Nupe, Hajia Aisha.
Musa alleged that the accident resulted from wrongful overtaking by the Hilux driver, claiming that the government vehicle veered into the lane of the oncoming Peugeot.
“The accident was caused by wrongful overtaking by the Hilux in the governor’s convoy. The other car was in its lane when the Hilux rammed into it,” he said.
The four male occupants of the Peugeot were suspected to be postgraduate students of the Federal University of Technology, Minna.
A staff member of Minna General Hospital, where the victims were evacuated, disclosed that three persons died at the scene, while two others later succumbed to their injuries.
Some of the injured victims were subsequently transferred to the Ibrahim Badamasi Babangida Specialist Hospital for further medical attention.
A former local government chairman in Niger State, who was reportedly travelling in the Hilux, also sustained fractures to his legs but was said to be alive as of the time of the report.
Confirming the incident, the Niger State Sector Commander of the Federal Road Safety Corps (FRSC), Aishat Sa’adu, said personnel of the agency arrived at the accident scene after the victims had already been evacuated.
Similarly, the Police Public Relations Officer of the Niger State Command, SP Wasiu Abiodun, confirmed the crash, stating that investigations had commenced to establish the circumstances surrounding the tragedy.
“The accident occurred this morning and we are investigating it,” Abiodun said.
The police, however, did not immediately release the identities of the deceased or officially confirm the casualty figure.
Clarify the confirmed casualty figure
Remove repeated accident attribution
Use more cautious identification language

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