CHINESE COMPANY’S FRAUDULENT ATTEMPT TO STRIP NIGERIA’S ASSETS ABROAD

By Bayo Onanuga 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. The Federal Government is not under any contractual obligation with the company. The case in which Zhongshan is trying to use every unorthodox means to strip our offshore assets is between the company and the Ogun State Government. The Federal Government is fully aware of efforts being made by the Ogun State Government to reach…

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