Presidency exposes Chinese firm’s ‘fraudulent’ move to seize presidential jets, other assets

The Presidency said it has uncovered a plot by a Chinese firm, Zhongshan Fucheng Industrial Investment Co. Limited, to seize Nigerian government‘s assets abroad, including presidential jets in Paris.

Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the attempt as “fraudulent” and assured Nigerians that the government was working to protect national assets from “predators and shylocks who masquerade as investors”.

“The Presidency is aware of the various failed attempts by a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, to take over offshore assets of the Federal Government of Nigeria through subterfuge,” Onanuga said.