{"id":2150,"date":"2024-08-16T17:54:11","date_gmt":"2024-08-16T17:54:11","guid":{"rendered":"https:\/\/beadysword.com.ng\/blog\/?p=2150"},"modified":"2024-08-16T17:54:11","modified_gmt":"2024-08-16T17:54:11","slug":"three-nigerian-presidential-jets-seized-abroad-as-ogun-state-chinese-firm-battle","status":"publish","type":"post","link":"https:\/\/beadysword.com.ng\/blog\/2024\/08\/16\/three-nigerian-presidential-jets-seized-abroad-as-ogun-state-chinese-firm-battle\/","title":{"rendered":"Three Nigerian presidential jets seized abroad as Ogun State, Chinese firm battle"},"content":{"rendered":"

A French court has authorised the seizure of three presidential jets linked to the Federal Government of Nigeria.<\/p>\n

Two of the jets, part of the Nigerian presidential air fleet, were recently put up for sale, while the third, an Airbus 330, was purchased by Nigeria but not yet delivered but fully paid for.<\/p>\n

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The seizure of the presidential jets is a result of an application by Zhongshan, a Chinese company whose export processing zone management contract was revoked by the Ogun State government in 2016.<\/p>\n

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An independent arbitral tribunal chaired by the former President of the UK Supreme Court awarded Zhongshan about $74.5 million in compensation, but the Ogun State government, which has a dispute with Zhongshan, has yet to honour the award.<\/p>\n

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The Federal Government is facing this backlash over an action taken by one of its subnationals with which Zhongshan has a business dispute.<\/p>\n

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The seized presidential jets include a Dassault Falcon 7X at Le Bourget airport in Paris, a Boeing 737, and an Airbus 330 at Basel-Mulhouse airport in Switzerland. All are currently undergoing maintenance. The Nigerian government reportedly paid over $100 million for the Airbus.<\/p>\n

The court order prohibits the movement, sale, or purchase of the jets until Zhongshan receives the awarded $74.5 million. Bailiffs have served papers for each aircraft.<\/p>\n

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The Nigerian government has yet to comment on this development.<\/p>\n

The confiscation of the planes follows the recent seizure of Nigerian-owned buildings in Liverpool, England, by a UK court about the same dispute with Zhongshan.<\/p>\n

The properties against which Zhongshan secured charging orders are located at 15 Aigburth Hall Road, Liverpool and Beech Lodge, 49 Calderstones Road, Liverpool, estimated by the company to be worth between \u00a31.3 and \u00a31.7 million.<\/p>\n","protected":false},"excerpt":{"rendered":"

A French court has authorised the seizure of three presidential jets linked to the Federal Government of Nigeria. Two of the jets, part of the Nigerian presidential air fleet, were recently put up for...<\/p>\n","protected":false},"author":2,"featured_media":2151,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-2150","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t