….releases one presidential jet
The Chinese company, Zhongshan whose export processing zone management contract was revoked by the Ogun State government in 2016, expressed its readiness to settle its dispute with the Nigerian government.
It was reported that the company, Zhongshan on Thursday, 15th August 2024 sent a statement emphasised its confidence in the legal process and the arbitral ruling in its favour.
The statement reads “Zhongshan has only ever sought to assert its rights under international law and is confident in its case. The independent arbitral panel found unanimously in its favor, and courts in multiple countries have upheld the view that the panel’s compensation should be enforced. The French court was fully aware of the facts when it reached its decision.”
The company further highlighted the international significance of the Ogun Free Trade Zone, which had been recognized by the Economist Intelligence Unit as a key global investment.
Zhongshan reiterated its willingness to engage in serious negotiations with the Nigerian government to reach a settlement, but noted it is still waiting for a positive response from the authorities.
Salient Times earlier reported that a French court authorized the seizure of three presidential jets linked to the Nigerian government. The court’s decision comes as part of enforcement efforts to ensure that Zhongshan receives $74.5 million in compensation, awarded by the arbitration panel. Bailiffs have served legal papers preventing the movement, sale, or purchase of the jets until the compensation is paid.
Reacting to the court’s decision, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the French court’s order as an “arm-twisting tactic” by the Chinese company. He claimed Zhongshan had misled the French court by withholding vital information. Onanuga further explained that the presidential jets were in France for routine maintenance when the court order was issued, arguing that as sovereign assets, they are protected by diplomatic immunity and should not be subject to foreign court rulings.
Both the Federal and Ogun State governments, according to Onanuga, have made efforts to resolve the matter, but the dispute remains ongoing.
Chinese firm releases one presidential jet
Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese firm has released one of the seized Nigeria’s presidential jets.
Recall that Zhongshan, the Chinese firm had secured a court order to confiscate three Nigerian presidential jets pending when Zhongshan receives $74.5 million awarded to it against Nigeria.
The spokesperson of the company who made this known to newsmen on Friday said, the company released the aircraft because President Bola Ahmed Tinubu would need it to travel to a scheduled meeting with President Macron of France early next week.
His words according to Premium Times: “Zhongshan has consistently sought to act reasonably and fairly in the course of a legal dispute with Nigeria which was not of its making,” the official told this newspaper Friday afternoon.
“It (Zhongshan) has now been made aware that an Airbus A330, currently detained in France as a result of a French court order obtained by Zhongshan, is needed for the President of the Federal Republic of Nigeria to travel to a scheduled meeting with President Macron of France early next week.
“As a gesture of goodwill, Zhongshan has lifted the seizure of that aircraft immediately. This will allow it to be used for the President’s trip.
“Zhongshan remains committed to talks with representatives of the Federal Government of Nigeria, this time serious and substantive on both sides, with a view to reaching a reasonable compromise settlement rapidly.”
Salient Times had reported how the Special Adviser to the President on Information and Strategy, Bayo Onanuga had said that the federal government in collaboration with the Ogun State government are doing everything to quash the frivolous order obtained by Zhongshan in Paris to seize Nigeria’s presidential jets.
His words:
“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 to 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 are 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 to foreign jurisdictions.
“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 cheating 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.
“Like the P&ID case, foreign companies are trying to defraud Nigeria with the collaboration of some bureaucrats. Zhongshan appeared to have sold the judgment they got to a venture capitalist seeking to make money by embarrassing the Federal Government and President Bola Tinubu.
“We want to assure Nigerians that the Federal Government is working with the Ogun State Government to discharge this frivolous order in Paris immediately.
“Nigerian Government will always work to protect our national assets from predators and shylocks who masquerade as investors”.
