Nigerian jets ordered to be seized in Chinese company dispute
A Chinese company, Zhongshan, has successfully petitioned for the seizure of three Nigerian presidential jets.
The company’s export processing zone management contract was terminated by the Ogun State government in 2016. The seized jets, which are part of Nigeria’s presidential air fleet, are a Dassault Falcon 7X at Le Bourget airport in Paris, a Boeing 737 and an undelivered Airbus 330 at Basel-Mulhouse airport in Switzerland, which was purchased by Nigeria but not yet received.
According to Premium Times, this seizure is a result of the contractual dispute between Zhongshan and the Ogun State government.
A French court authorized the seizure of the three presidential jets due to the ongoing dispute between Zhongshan, a Chinese company, and the Ogun State government.
The seizure is a result of the government’s failure to honour a $74.5 million award granted to Zhongshan by an independent arbitral tribunal, chaired by the former President of the UK Supreme Court.
