The Nigerian Presidency has condemned Zhongshan Fucheng Industrial Investment Co. Limited for attempting to seize presidential jets through fraudulent means.
The Chinese company had obtained a Paris court order to seize the aircraft due to a legal dispute with Ogun State over a failed 2007 investment deal.
The federal government argues that the jets are protected by diplomatic immunity and cannot be lawfully seized, accusing Zhongshan of misleading the court.
The Federal Government, alongside Ogun State, is challenging the court orders and seeking resolution to the long-standing conflict.
This dispute originated when Ogun State terminated a joint venture agreement for developing a free trade zone with Zhongshan.
Following the termination, Zhongshan pursued arbitration, which resulted in a damages award of over $55 million against Nigeria.
The company is now attempting to enforce this award through the seizure of the jets.
