Zhongshan Fucheng Industrial Investment Co. Limited, the Chinese company involved in a legal battle with Nigeria, has initiated actions to seize Nigerian assets in eight countries, including the UK, USA, Belgium, Canada, France, Singapore, and the British Virgin Islands. This follows a court injunction that allowed the firm to ground three Nigerian presidential jets in Europe. The dispute stems from a terminated 2010 agreement related to the Ogun Guangdong Free Trade Zone. Despite a $74.5 million compensation awarded to the Chinese firm, Ogun State has yet to make the payment, leading to ongoing legal actions across multiple jurisdictions. Meanwhile, the Federal Government has vowed to protect its foreign assets from further threats.
