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Saturday, August 17, 2024

Seized Presidential Jets: Policemen Detained, Brutalised Our Top Officials- Firm

 


The management of Zhongshan Fucheng Industrial Investment Company Limited has alleged that its top officials were unlawfully detained and brutalized by the police during a contractual dispute with the Ogun State Government. The firm claims this led to the seizure of Nigerian assets overseas, including three presidential jets. The jets were seized by a French court due to the termination of a contractual agreement and the state government's failure to honor an arbitral tribunal's award of $74.5m in compensation. Zhongshan alleges that its personnel were physically harmed, threatened, and unlawfully detained by the police, leading to a loss of $1.078bn. The Ogun State Government and police have denied involvement, with the police stating it's "not a police issue." A former Nigerian ambassador has described the seizure as an avoidable diplomatic embarrassment, highlighting the need for careful examination of foreign contracts. One of the seized jets has been released for President Bola Tinubu's use, as a gesture of goodwill by Zhongshan.

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