The seized assets by the Chinese firm so far include properties in Liverpool, a Dassault Falcon 7X in Paris, a Boeing 737, and an Airbus A330, with the Bombardier 6000 in Canada being the most recent.... CLICK TO READ THE FULL NEWS HERE▶▶
The presidential jet of the Nigerian Air Force (NAF) arrives at the Felix Houphouet-Boigny Airport in Abidjan on November 28, 2017.
This latest confiscation adds to the growing list of Nigerian assets taken by the firm, which has already seized three presidential aircraft in France due to a legal dispute with the Ogun State Government.
The ongoing legal battle stems from an arbitration award of over $70 million against Nigeria, leading Zhongshang to pursue enforcement by confiscating assets abroad.
According to Daily Trust, the seized assets include properties in Liverpool, a Dassault Falcon 7X in Paris, a Boeing 737, and an Airbus A330, with the Bombardier 6000 in Canada being the most recent.
Judge David Collier of the Superior Court of Quebec dismissed Nigeria’s bid to retain ownership of the Bombardier 6000 on March 21, 2024.
The jet, acquired for $57 million by Dan Etete, a fugitive linked to the corrupt sale of the OPL 245 oil field in 2010, was among the assets targeted by Zhongshang.
In a recent development, Zhongshang released one of the three presidential aircraft in France as a gesture of goodwill ahead of a meeting between Nigerian President Bola Tinubu and French President Emmanuel Macron.
Tinubu travelled to France on Monday, August 19, aboard the released Airbus A330 despite ongoing controversies surrounding its purchase.
