The Zhongshang Fucheng Industrial Investment Ltd, a Chinese firm involved in the controversial seizure of three Nigerians aircrafts in France and other assets in some other countries, has seized another Nigeria’s jet in Canada. This is coming on the heels of seizure of three presidential aircraft by a French court in favour of Zhongshan Fucheng, over a dispute with the …

The Peoples Democratic Party (PDP) and the Labour Party (LP), on Monday, berated the President Bola Tinubu-led Federal Government for purchasing a new presidential jet worth $100 million without the approval of the National Assembly. The PDP Deputy National Publicity Secretary, Ibrahim Abdullahi, and Deputy Youth Leader, Timothy Osadolor, described the action of the government as insensitive, while Nigerians are …

President Tinubu departed Abuja Monday for Paris, using the new Airbus A330, which replaced the 19-year-old Boeing B737-700(BBJ) bought under the Presidency of President Olusegun Obasanjo. According to a statement on Monday by the President’s Special on Information and Strategy, Mr. Bayo Onanuga, the new plane, bought far below the market price, saves Nigeria huge maintenance and fuel costs, running …

Ogun State Governor, Dapo Abiodun, has reached out to the Federal Government in a move to resolve the dispute with the Zhongshan Fucheng Industrial Investment Co. over the controversial Ogun Free Trade Zone. Abiodun reportedly consulted top federal officials on Thursday, as a professor of Political Economy, Pat Utomi, accused former Ogun State governor, Ibikunle Amosun, of revoking his property …

There was no approval by the National Assembly (NASS) before the procurement of the new presidential jet for President Bola Ahmed Tinubu, according to Daily Trust. Late in June, an online news platform reported that the Nigerian government had acquired an Airbus A330 aircraft from a German bank. According to PREMIUM TIMES, the German bank had seized the aircraft from …

The management of Chinese firm, Zhongshan Fucheng Industrial Investment Company Limited, has said its top officials were unlawfully detained and brutalised by the police during its contractual disagreement with the Ogun State Government. The firm said the maltreatment compelled it to seek the seizure of Nigerian assets overseas. The media was awash on Thursday with the news of the seizure …

Barely 10 months after a court overturned $11 billion damages against Nigeria in the controversial Process & Industrial Developments (P&ID) deal, the federal government is facing another legal battle involving a Chinese firm, Zhongshan Fucheng Industrial Investment Co. Limited, which is seeking to enforce a $70 million arbitration award against Nigeria. Does the federal government stand a chance of emerging …

Zhongshan Fucheng Industrial Investment Company Limited has announced the release of one of the three Nigerian aircraft, Airbus A330, detained in France, following the court order it obtained by a judiciary court in Paris, the French capital. Zhongshan said it released one of the three Nigerian aircraft detained in France for President Bola Tinubu’s scheduled meeting with President Emmanuel Macron. …

Senate President, Godswill Akpabio has said the Senate will approve the proposal for the purchase of a new presidential jet if President Bola Tinubu requests for it. Akpabio stated this at the plenary today, Thursday. However, he said there was no request for the approval of the purchase of a presidential jet before the Senate. Akpabio said: “We care about …

The Senate President, Godswill Akpabio, said on Tuesday, that the Senate had not approved the purchase of new presidential jets for the use of President Bola Tinubu and Vice President Kashim Shettima. He described as malicious a report quoting him to have said the National Assembly would approve the purchase of new aircraft for the President and Vice President, irrespective …