latest
Chinese Firm Repossesses $57 Million Private Jet from Nigeria
Chinese Firm Repossesses $57 Million Private Jet from Nigeria....KINDLY READ THE FULL STORY HERE▶
A significant legal development has occurred as Zhongshang Fucheng Industrial Investment Ltd, a Chinese company, successfully repossessed a private jet valued at $57 million from the Nigerian government. This jet, identified as a Bombardier 6000 type BD-700-1A10, was previously seized from Dan Etete, a former petroleum minister known for his controversial dealings, and had been stored in Canada.
Zhongshang’s repossession of the jet comes after it sought to confiscate Nigerian assets due to ongoing disputes. The necessary paperwork for the transfer of custodianship was provided by Canadian authorities in Montreal. Reports indicate that a Canadian court ruled in favor of Zhongshang, allowing the company to seize the aircraft from Nigeria.
According to sources familiar with the situation, “The court granted orders for Zhongshang to seize the plane earlier this year, but the change of custody from Nigeria to Zhongshang was only recently concluded.” The source emphasized that Zhongshang intends to continue pursuing Nigeria’s assets globally until all arbitration awards are paid.
On March 21, 2024, Judge David Collier of the Superior Court of Quebec dismissed Nigeria’s arguments to retain ownership of the aircraft. The jet was originally purchased for $57 million by Etete after he acquired a substantial profit from the sale of the OPL 245 oil field in 2010. Nigeria initially seized the aircraft in 2016, later relocating it to Dubai, and ultimately to Canada on May 29, 2020.
A Canadian company, Tibit, had previously attempted to claim ownership, but Nigerian authorities maintained control of the aircraft until now. In 2023, Zhongshang took legal action to seize the jet while enforcing its arbitration awards of over $70 million against Nigeria.
Judge Collier criticized Nigeria for not adequately responding to the aircraft’s seizure, deeming its claims of being unable to address the lawsuit due to the February-March 2023 general elections as frivolous. He also rejected Nigeria’s assertion of sovereign immunity, a claim that had already been addressed by the arbitration panel and courts in the United Kingdom.
With the Bombardier luxury aircraft now under Zhongshang’s control, the company has successfully executed asset seizures in the UK, France, and Canada, which include Nigeria’s guest houses and presidential jets. Expectations are high for further seizures in Belgium and the United States soon.
Despite facing setbacks in at least five countries, Nigeria continues to assert that it has done no wrong in the lawsuits stemming from a failed free trade zone contract in Ogun State. Efforts to resolve the situation between Nigeria and Zhongshang are ongoing, with no significant progress reported since their initial meeting in London in September 2023.
A spokesperson for President Bola Tinubu has yet to respond to inquiries regarding the latest developments surrounding this high-profile seizure.
According to Nivo News, the General Overseer of the Living Faith Church Worldwide, Bishop David Oyedepo, has declared what he described as divine judgment on bandits and their alleged sponsors responsible for insecurity across parts of Nigeria.....KINDLY READ THE FULL STORY HERE▶
Speaking on Sunday at the church’s headquarters in Ota, Ogun State, during a sermon themed “Covenant Day of Vengeance,” Oyedepo stated that those behind killings, kidnappings, and violent attacks would face divine retribution. He further claimed that within the next seven days, consequences would begin to manifest against those he accused of fueling unrest in the country, assuring worshippers that the coming week would be marked by “testimonies of vengeance.”
He was quoted as saying that judgment had been pronounced on individuals responsible for such acts and their supporters, adding that the outcome he referenced would unfold within a week.
In a related remark during a recent midweek service, Oyedepo also acknowledged the presence of fraudsters within and outside religious spaces, warning that his identity and images were being exploited for fraudulent schemes. He urged members of his congregation to remain vigilant and committed to truth to avoid falling victim to scams involving impersonation.
He recounted a case where an individual allegedly posed as him in an attempt to defraud unsuspecting victims, noting that such incidents highlight the growing sophistication of fraudulent activities.
A political disagreement has emerged within the All Progressives Congress (APC) in Nasarawa State following Governor Abdullahi Sule’s reported endorsement of Senator Aliyu Wadada as his preferred successor ahead of the 2027 governorship election.....KINDLY READ THE FULL STORY HERE▶
According to Nivo News, the move has sparked tension between the governor and his predecessor, Umar Tanko Al-Makura, who faulted the decision, describing it as premature and not properly consulted within party structures.
Al-Makura, a prominent figure in the state’s political landscape, expressed displeasure that he only became aware of the endorsement through media reports. He argued that the decision should have involved wider consultation, warning that such early endorsements could undermine internal party processes.
He further noted that the APC had not begun its formal nomination process, insisting that declaring support for a candidate at this stage was inappropriate and ahead of schedule.
The controversy was further heightened by former Inspector-General of Police, Muhammad Adamu, who is also aspiring for the APC governorship ticket. He rejected the endorsement, stating that no individual has the authority to impose a candidate, and reaffirmed his intention to contest in the party primaries.
In response, Governor Sule, through his media aide, defended the endorsement, stating that it was consistent with political traditions in the state. He referenced past succession arrangements, including Al-Makura’s own endorsement of him, arguing that the current process was in line with established practice but being conducted more transparently.
The governor’s camp clarified that Senator Wadada remains a preferred aspirant and not the party’s official candidate.
Senator Wadada, reacting to the development, called for calm among party members, describing the situation as part of normal political competition. He also downplayed tensions with other aspirants, noting that the contest should be seen as a democratic process.
Meanwhile, support for Adamu continues to grow in parts of Nasarawa South, where youths, women, and stakeholders have openly backed his ambition, alongside broader endorsements for President Bola Ahmed Tinubu’s re-election bid.
Adamu, however, maintained that he remains firmly in the race, accusing some political actors of inconsistency in the unfolding succession dynamics.
The Sultan of Sokoto, Muhammadu Sa’ad Abubakar, has described as unnecessary the denial issued by the Christian Association of Nigeria (CAN) regarding an invitation allegedly extended to him for the groundbreaking ceremony of an ecumenical chapel at the Nnamdi Azikiwe International Airport, Abuja.....KINDLY READ THE FULL STORY HERE▶
According to Nivo News, the Sultan’s media team maintained that an official invitation was duly sent to His Eminence requesting his attendance as Royal Father of the Day. The statement explained that the event also listed key dignitaries, including the Senate President, Godswill Akpabio, as Distinguished Guest of Honour, and Senator Oluremi Tinubu as Mother of the Day.
The Sultan’s office emphasised that his participation in the proposed Christian event would promote interfaith harmony, noting his role as Co-Chairman of the Nigerian Inter-Religious Council (NIREC). It added that globally, religious leaders often engage in events outside their faith traditions as part of efforts to encourage unity and peaceful coexistence.
The response follows an earlier clarification from CAN, which denied issuing any invitation to the Sultan and stated that the document circulating in public was not from the association. CAN further explained that the communication in question originated from the Office of the Secretary to the Government of the Federation (SGF) and insisted that it had no involvement in inviting the Sultan to the event.
While acknowledging that the SGF’s office was linked to the invitation process, the Sultan’s media team expressed concern over CAN’s denial, describing it as unnecessary and capable of creating misunderstanding, especially since the Sultan did not request to attend the ceremony.
The statement also urged religious bodies to focus on messages that strengthen unity and promote peaceful coexistence among Nigerians of different faiths and ethnic backgrounds.
-
latest8 months ago“Social Media Erupts As Jim Iyke Declares Rita Dominic Nollywood’s Most Beautiful”
-
latest2 years agoEdo Political Showdown: Oshiomhole Appears At Presidential Villa As Tinubu Hands APC Gubernatorial Flag To Okpebholo (Photos & Video)
-
entertainment2 years agoLove Knows No Age American Woman Defends Marriage To Young Nigerian Man “I’m Not 70”
-
latest2 years agoOlumide Akpata Strikes Again: Drops Killer Track, Sends Edo State Into Frenzy!(Video)
-
Politics2 years agoNigerians React As Pastor Adeboye Foresees Passing Away On A Sunday After Enjoying A Satisfying Meal Of Pounded Yam
-
latest2 years agoFG Identifies 31 States At Risk Of Heavy Flooding In 2024: See Full List
-
Politics2 years agoBREAKING: Inspector-General Of Police Summons Top Police Commanders For Crucial-Security Challenges
-
latest2 years ago5 NYSC Corpers Perish In Fatal Road Accident Returning From Camp