A Chinese company, Zhongshang Fucheng Industrial Investment Ltd, has finished the repossession of a luxurious jet owned through Nigeria in Canada, as a part of its ongoing confiscation of Nigerian property globally.
The plane , a Bombardier 6000 kind BD-700-1A10, turned into passed over to Zhongshang following a latest exalternate of custodian office work finalized through Canadian government in Montreal, in keeping with reassets acquainted with the mattermatter instructed News360 Nigeria
This improvement follows a Canadian courtroom docket ruling in advance this year, which empowered Zhongshang to capture the jet from Nigeria.
Despite tries through Nigeria to preserve ownership, Judge David Collier of the Superior Court of Quebec brushed off the country's arguments on March 21, 2024.
The jet, bought for $ fifty seven million through fugitive Dan Etete with proceeds from the arguable OPL 245 oil discipline sale, have been seized through Nigeria in 2016 and turned into held in Dubai earlier than being flown to Canada in 2020.
Zhongshang's seizure of the plane is a part of its broader efforts to implement arbitration awards amounting to over $70 million in opposition to Nigeria, following a failed unfastened exchange region agreement in Ogun State.
The Chinese company has already seized Nigerian property withinside the UK, France, and Canada, with in addition confiscations predicted in Belgium and the United States.
Despite Nigeria's repeated felony demanding situations throughout 5 countries, the country has been unsuccessful in stopping those seizures and maintains to disclaim any wrongdoing withinside the case.
Meanwhile, efforts to remedy the dispute thru negotiations with Zhongshang have made little progress. The today's improvement has now no longer but been addressed through President Bola Tinubu's administration.
https://news360ng.com/chinese- company -seizes-another-nigerian- luxurious -jet-in-canada-amidst-asset-confiscation-trend/
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