A Chinese firm, Zhongshan Fucheng Industrial Investment Ltd, has repossessed a $57 million luxury jet owned by Nigeria in Canada, following the seizure of Nigerian guest houses in the UK. This move aims to recover $70 million in arbitration awards, with potential asset seizures expected...
Chinese investors have seized two guest houses linked to the Nigerian government in Liverpool, UK, to recover a $70 million arbitration award. The properties are set to be sold on eBay for $2.2 million, sparking concerns over Nigeria's management of its international assets.
Chinese investors...
Former Ogun State Governor Ibikunle Amosun has condemned Zhongfu International Investment FXE, claiming it falsely posed as a legitimate investor in the Ogun Guangdong Free Trade Zone. Amosun revealed legal battles and governmental interventions affirming China Africa Investment FXE as the...
No fewer than 10 Chinese investors are expected to arrive Abuja today to hold discussions on the $5.5 billion investments in the oil and gas sector.
The delegation will comprise officials of China North Industries Corporation (NORINCO) and Tiger Jade, the investment arm of NORINCO.
Their...
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