Nigeria's Minister of Foreign Affairs, Yusuf Tuggar, has assured that the federal government is actively working to resolve a dispute with Chinese firm Zhongshan Fucheng Industrial Investment. The dispute led to a French court ordering the seizure of three Nigerian presidential jets over a contract disagreement between the Chinese company and Ogun state government. The court allowed the firm to use Nigeria's jets as collateral for its claim of EUR 74,459,221. Additionally, a US appeal court ruled against Nigeria's claim of sovereign immunity in a commercial venture, paving the way for the enforcement of a $70 million award won by the Chinese company. Tuggar, speaking in Malabo, Equatorial Guinea, emphasized the importance of registering international agreements with the federal government to avoid such issues. He attributed the problem to Ogun state's failure to involve the federal government in the agreement, which was made under a previous administration. Tuggar assured that he and the Attorney-General are handling the situation and will provide updates.
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