Zhongshan Fucheng Industrial Investment Co. Limited has announced the release of one of the three Nigerian Presidential jets seized following a French court order. The release was granted to provide a means of transportation for President Tinubu's forthcoming meeting with French president, Emmanuel Macron. The seized jets belonging to The Federal Government originally seized the investment company include a Dassault Falcon 7X, a Boeing 737-7N6/BBJ, and an Airbus A330-243, all hangared at the Paris-Le Bourget and Basel-Mulhouse airports.
Read Also: Edo State Recruits 5500 Teachers
The jets seizure was implemented as a part of an ongoing legal dispute resulting from the Ogun State government's revocation of a contract in 2016.The dispute dates back to 2013 when Zhongfu, a subsidiary of Zhongshan Fucheng Industrial Investment, signed a contract with the Ogun State government to develop a free trade area. Under the agreement, Zhongfu was to own 60% of the joint venture. However, three years later, the company claimed that Ogun State reneged on the deal, leading to a "campaign of illegal acts" that forced Zhongfu out of the agreement. Reacting to the seizure, the Federal Government of Nigeria claimed to have commenced legal and diplomatic moves to recover all three seized jets in the presidential fleet.
Comments
Post a Comment