₦airaland Forum

treesun:
The Presidency is aware of failed attempts by Zhongshan Fucheng Industrial Investment Co. Ltd., a Chinese company, to take over offshore assets of Nigeria through subterfuge.

Mr Bayo Onanuga, Special Adviser to the President on Information and Strategy, in a statement, said Zhongshan misled the Judicial Court in Paris into attaching Nigeria’s presidential jets in its judgment against Ogun government.


He faulted the use of the presidential jets which were on routine maintenance in France.

I'll draw 1,000 faces of people making positive impact — Ebunoluwa, 9-Yr-Old wonderkid..0:07 / 1:00

According to him, the presidential jets are assets of a Sovereign entity protected by diplomatic immunity, which forbids any foreign court from issuing an order against them.

“We are convinced the Chinese company misled the Judicial Court of Paris regarding the use and nature of the assets it seeks to attach and did not fully disclose to the court as required by law,” he said.

He said the Federal Government was not under any contractual obligation with the Chinese 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 an amicable resolution on the matter,” said Onanuga.

He said the company had no solid ground to demand restitution from Ogun government based on the facts regarding the 2007 contract between the company and the state government to manage a free-trade zone.

He said that when the contract with Ogun was revoked in 2015, the company had only erected a perimeter fence on the land earmarked for a free trade zone.

According to him, while the Attorney-General of the Federation and Minister of Justice was working with the Ogun government on an amicable resolution, Zhongshan obtained two orders from the Judicial Court of Paris.

“This arm-twisting tactic by the Chinese company is the latest in a long list of failed moves to attach Nigerian government-owned assets in foreign jurisdictions,” said Onanuga.

He said unscrupulous and questionable individuals were falsely presenting themselves as investors with the sole objective of undercutting and scamming governments in Africa.

He said the same Chinese company had tried to enforce its questionable judgment in the UK and USA but failed.


He was emphatic that foreign companies were trying to defraud Nigeria with the collaboration of some bureaucrats.

“Zhongshan appeared to have sold the judgment they got to a venture capitalist seeking to make money by embarrassing the Federal Government and President Bola Tinubu.

“We want to assure Nigerians that the Federal Government is working with the Ogun government to discharge this frivolous order in Paris immediately.

“Nigerian government will always work to protect our national assets from predators and shylocks who masquerade as investors,” said Onanuga.

The News Agency of Nigeria (NAN) reports that the contract between Ogun and Zhongshan to manage a free-trade zone was executed in 2007.

The parties entered into a dispute in 2015, and arbitration began in 2016.

By 2019, the arbitration hearing had been concluded.

The Arbitral Panel awarded over 60 million dollars against the Federal Government of Nigeria, a co-defendant, when all Zhongshan had done was build a perimeter fence around the free-trade zone.

Based on legal advice, the Ogun government resolved to resist the enforcement of the award.

The resistance was successful in eight different jurisdictions. There are pending appeals against recognition orders issued in both the US and UK.


Ogun State also engaged Zhongshan in settlement discussions on reasonable terms.

The last meeting, held in September 2023 in London, was attended by several officials of Ogun, including Gov. Dapo Abiodun and Prince Lateef Fagbemi, Attorney General/Minister of Justice.

Zhongshan’s initial reasonable readiness to consider Ogun State’s offer was surprisingly reversed by the second day when it insisted on the government paying the full arbitration debt.

This led to a breakdown of the mediation, with parties agreeing to meet again in the first quarter of this year.

But Onanuga said since then, Zhongshan has been evasive.


“Instead, it embarked on a series of enforcement proceedings, which the legal team appointed by the Federal Government and Ogun successfully opposed.

“In cases similar to the present one, where Zhongshan obtained an ex-parte order, Ogun State successfully set aside the orders.

“Ogun has not given up on a reasonable settlement option, with the most recent letter sent to Zhongshan last week.

“Zhongshan only responded after obtaining this latest illegal order,” said Onanuga



https://www.vanguardngr.com/2024/08/chinese-coy-plotting-to-strip-nigeria-of-assets-embarrass-tinubu-presidency/

Hope you will not Link it to Peter Obi

Rossikk:
Nigeria Is Turning Into an Oil Market Juggernaut

The massive Dangote refinery establishes the African nation as a major influencer — and a potential disruptor for Europe.

Bloomberg News



https://www.bloomberg.com/news/newsletters/2024-08-15/nigeria-s-dangote-refinery-is-fueling-an-oil-juggernaut-to-challenge-europe

But has the NNPC considered getting the refineries working, refining for local consumption and also exporting to other countries as a means of earning foreign exchange, especially other African countries around us, really don't know why our leaders only think of just stealing and not seeing how they could better the lives of its citizens

Bobloco:
https://punchng.com/topics/editorial/

This should have been the basis for the protest, force them to do it not subsidy reversals

dre11:
https://www.thecable.ng/sources-how-tinubus-economic-council-member-imports-substandard-petrol-diesel-from-russia-malta/amp/

Why are they selling at $3 per barrel? Is nnpcl doing a bonanza?

Sangoamadioha1:
[/b]Shockingly, after A.K. AJIBADE, SAN, the National Legal Adviser of the party announced appearance for the party and its National Officers, FERDINAND OSHOKE ORBIH, SAN also announced appearance for the Peoples Democratic Party on the basis that he was instructed by one Kingsley Chuku, a member of the current Caretaker-Committee in Rivers State and a known ardent supporter of his Excellency, Nyesom Wike, the now FCT Minister.[b]



Mr blogger get your facts right. Caretaker committee members are loyal to Sim Fubara.
Na beer palour you hear this story

Of the party not LGA chairman

Dapromzy333:
https://news360ng.com/breaking-gunmen-ambush-medical-school-students-abduct-over-20-in-benue/

Is this how the president wants medical workers to come back to Nigeria, when he can't protect the ones here, this is more reasons for those left behind to leave the country, 😂 the man that built Lagos is the same man destroying Nigeria 😂

TRUTHaDDICTED:
WORLD NEWS
JUST-IN: Chinese Firm Moves To Seize All Nigerian Assets In US, UK, Six Others.



GISTSMATE MEDIA reports that Zhongshan Fucheng Industrial Investment Co. Limited, the Chinese firm that got a court injunction to ground three presidential jets belonging to the Federal Government in Europe, has initiated plans to seize other Nigerian assets in the United Kingdom, United States of America and in six other countries.

This Nigeria news platform learnt that the company had instituted legal proceedings in about eight jurisdictions globally, regarding the dispute.

The other countries include Belgium, Canada, France, Singapore and the British Virgin Islands, documents relating to the case, which were obtained by our correspondent, were revealed on Thursday.

This comes as the Federal Government vowed to protect its foreign assets from “predators.”

There has been serious controversy following reports that the Chinese company got judgement to ground three presidential jets belonging to the Federal Government.

In 2001, China and Nigeria signed a bilateral investment treaty aimed at promoting commercial investment between the two countries.

In 2007, Ogun State reportedly entered into a joint venture agreement with a Chinese company and another company to create the Ogun Guangdong Free Trade Zone Company. The Nigeria Export Processing Zones Authority, a Federal Government entity that oversees free-trade zones in Nigeria, then delegated control and operation of the free-trade zone to the company.

In 2010, the Ogun Guangdong Free Trade Zone Company contracted with Zhongshan’s parent company to develop an industrial park in the free-trade zone. The goal was for Zhongshan’s parent company to develop the park and build factories in it for tenants to use.

In the first half of 2016, however, the agreement between both parties was terminated, leading to Zhongshan filing lawsuits in Nigerian federal and state courts seeking reinstatement of its contractual rights but the legal proceedings were discontinued in Spring 2018.

However, a French court, recently, authorised the seizure of three of Nigeria’s presidential jets, two of the jets – a Dassault Falcon 7X and a Boeing 737 – are part of Nigeria’s presidential air fleet that were recently put up for sale and the third, an Airbus 330 purchased by Nigeria, but not yet delivered.

Zhongshan had again dragged Ogun to court, where an independent arbitral tribunal, chaired by the former President of the UK Supreme Court, awarded the Chinese firm $74.5m compensation, which Ogun was yet to pay.

The court order prohibited Nigeria from moving or selling the presidential jets until the Chinese firm was paid the $74.5m by Ogun, its sub-national.

However, documents indicated that the Chinese company attempted to seize a jet being recovered by the country from Dan Etete as proceeds from fraudulent acts in Canada.

The Federal Government had tracked down and grounded the luxury private jet purchased by former petroleum minister, Etete, with some of the alleged proceeds of the notorious $1.3bn Malabu OPL245 oil deal.

“The goal is clear – that Mr Etete will avoid the seizure of an asset he got with stolen Nigerian money, with Zhongshan’s connivance.”

According to the documents, Zhongshan was originally engaged as a developer and manager of Fucheng Industrial Park but was asked to manage the facility after the government terminated the joint venture with CAI because it didn’t meet the necessary requirements.

The document claimed that the Ogun government cancelled the contract after it received a Diplomatic Note 1601 from the Economic and Commercial Section of the PRC Consulate in Lagos, alleging that Guangdong illegally held shares in China Africa Investment Limited, a state asset and that entity (New South Group) was the company properly entitled to manage OGFTZ.

They should come and even seize the country, maybe we would get a better deal from them.

This is the fault of irresponsible politicians that that read agreement and clauses in the agreement, there time times these agreements may not be in your favor moving forward, you wait till the end and don't renew the agreement rather than use your government power to force them out, it's a lesson to all of them the house of Reps and Senate would need send a bill to regulate such transactions in other to avert such embarrassing act in future, it's how to bring a bill that would jail those that refuse to sing anthem they can't sing themselves

yarimo:
OTTI your commissioners are not the problem you are the problem, you are actually not ready for Good governernce in the first place. You are out to defraud Abia state

Why don't you just focus on your state governor 🤔

Jovin894:
I pray they shud confirm her.. this woman don't receive bribe ooo ... She will stop Elctorial fraud in this country.. she has core policy .... The judiciary used to Afraid of her very well ... Very truthful woman ...

Are you sure? Then she may not be confirmed

SpaceX:
11) The united States denied her visa some years ago you did mention that. More supreme Court governors will be produce like never before.

That would not be mentioned, if she was denied visa it means her records are not that clean, she must have compromised one way or another

stanisbaratheon:
This was the same leadership issues that made them allow Wike to run unopposed in Rivers State in the 2019 elections, making him start seeing himself as King Kong in the state today.

Leave them, they can continue to ignore judgement, by the time they don't have any elected office holders they will know what they have done to themselves,.they think they have all the judges in their pockets

mrvitalis:
Dino own a couple of franchise in USA, how he got the money to invest I do not know

But he had them before becoming a rep member

Dino did his youth service in kaduna in 2000/2001, when did he make that money to buy franchise in the US? He was elected into the house of Reps in 2003, so how did him make so much to get into politics in 2yrs, lots of explanations is required.

Lexx129:
Chinwe spotted Shaun and Wanni knacking Last Night
#bbnaijas9

https://www.youtube.com/watch?v=2Xe8n7z3UJg

What should we do? Clap for them

Oakenshield:
It has been seized to pay off debt owned by Ogun state. It's better for federal government to hold Ogun state accountable for such stupid actions because they want their cronies

Stop monthly allocations to the state, most of our state go into useless agreements with most foreign companies at the end revoke the contract thinking they can get away with it without going through the terms of the contract and how the contract can be revoked, because of their corrupt minds they don't study the terms very well.

NewHe:
Supported. That Aisha Yesufu should be taught a lesson!

What about you, what will you be taught?

Biodun556:
Every time, the bad thinking people will like to attribute Lagos success to one thing or the other to seve as excuse for their own failure and unwillingness to thrive.

They will say federal government deliberately diverts all ships to Lagos abandoning the ports in their region.

Or

That Lagos was former capital territory that's why it is thriving

Now

Kaduna houses most federal government institutions, why is kaduna not as developed as Lagos.

Calabar was former capital of Nigeria under colonial rule, why is it not as developed as Lagos?

Ogun state is second to Lagos when it comes to IGR and number 1 state with most manufacturing companies, yet it was not a former capital territory.

Secret of Lagos success

The secret to Lagos success are:

1. The geographical location of Lagos and the water. Even when Oodua was blind, Ifa oracle direct his children to get sea water to wash his face. One of his son, came to Lagos to fetch the sea water. And the son was then nicknamed Obokun (the on one who brought sea water) and there after became king in Ilesha, osun state. Till today, people of Ilesha are called [b][/b]omo obokun.

Economically, lagos sea is very deep, it can carry any kind of vessel. This is the reason why importers and exporters prefer Lagos ports.


2. The visionary leadership of Chief Obafemi Awolowo. Eg his free education placed south west above other regions

Ikeja industrial estate was Awolowo initiative

3. Accomodations: Lagos indigenes like their Yoruba brothers welcomes none indigene without any discrimination so far they are able to maintain peace and grow the economy of the community.


4. Good governors right from time: Lagos has been blessed with visionary military and civilian governors. People of Lagos will always remember Bubba Marwa, lateef Jakande, Tinubu and his successors.

5. Peace: importers and exporters prefer Lagos ports because there is no case of vandalism, sea pirates, militancy on Lagos waters

What year was Calabar federal capital, is the question you will ask yourself

erico2k2:
Doctors should earn minimum of one million naira for starters in Nigeria and Nurses should start with 5ook

Well and fine, but instead he increased the salaries of judicial workers by 300 percent

BeeBeeOoh:
https://punchng.com/regime-change-wait-till-next-election-fg-replies-critics/

So you can rig and ask them to go to court 😂

franchasng:
You fake enlightened Yoróba APC members will just wake up and be talking nonsense out of your senseless effort to defend and support Tinubu's senseless and futile policies.


How and where did you see a Nigerian Doctor migrate abroad to work under one year after graduation, how is it possible? Don't you know that most countries make it compulsory for you to have at least 2 or 3 years work experience before they can accept you?


The other senseless APC online thug said Nigeria trained healthcare workers with taxpayer's money, how and where? So people that also went to private universities were trained by the government? You guys are being so foolish in the name of trying so hard to defend Tinubu's senseless policies.


The reason healthcare workers are migrating abroad is poor wage and salary/allowances.


Tell Tinubu to stop traveling abroad for medical treatment and also ban same for all government officials, then increase budget to ministry of health, buy more medical equipments for government hospitals, renovate and expand existing healthcare facilities, and increase healthcare workers salaries.


Let House Officers (what you guys call Doctors) be paid a minimum of NGN1,500,000 above as starter salary, and Nurses NGN800,000 above and watch them stop migrating naturally.


Senseless people supporting a senseless and directionless leadership

Don't mind them foolish set of people with their supporters, they know what to do but keep dancing around, when we said Tinubu has nothing to offer, they rush out like bees to defend him, for my family and I we are doing what is best for us, Nigeria has failed us, I will not fail my children, the government can their policies for their children not me. Never had a public or private scholarship, worked hard to train my kids nobody can tell me what to do, this is not North Korea

FreeStuffsNG:
We call on recipient countries to implement a 1:1 match—training one worker to replace every publicly trained Nigerian worker they receive.

The policy champions reciprocal agreements with other nations to ensure that the exchange of health workers benefits Nigeria. These bilateral and multilateral agreements are designed to protect national interests while respecting the rights and aspirations of our healthcare professionals.
Many Nigerian healthcare workers leave the country for greener pastures, leaving their colleagues to contend with additional workload and extended call hours.

This policy is a great effort on the part of the executive arm of the Federal Government. The real drain is the uncontrolled migration of healthcare professionals educated with tax payers' hard-earned money. It's daylight robbery of the taxpayers, states and Federal Government by these public-educated Healthcare professionals who flee abroad after their education with public funds! Cuba stopped it and today secured its health system with professionals trained with public taxes,Nigeria can do so too. This injustice meted to the Nigerian state by the fleeing healthcare professionals educated with public funds has to stop immediately. It's an ungodly and criminal injustice done to the Nigerian public education and Healthcare system.

I am glad that the states will execute the policy as well. This is the kind of policy many Nigerian Patriots have been calling for in order to protect the rights of the average Nigerian taxpayer whose tax was used to educate a healthcare professional who immediately flees abroad after receiving training with taxes paid by Nigerians. It's a completely unfair system and something should have long been done about it although it's good that something is eventually being done to arrest the fraud.

May God bless Nigeria for ever! Check my signature for free stuffs!

Which tax payers moneys? We paid school fees and sorted out our living allowances, the government is shy away from its responsibilities, if you want to ensure that medical workers don't migrate, you have to improve on your medical facilities, ensure they are well paid at least close to what their counterpart take home abroad.
You politicians steal the resources and money meant for Nigerians and you come up with useless policies, I struggle to train my kids with my hard earned money you want to dictate to me what they do, this is not North Korea.

BeeBeeOoh:
https://dailypost.ng/2024/08/13/fg-targets-generation-of-6000-megawatts-power-before-2025-minister/

6000mw and you only made reference to the Calabar plant that has a capacity to produce just 750mw if all turbines are working, why can't we just Invest in new plants that will have the capacity to generate at least 1000mw.

And there's another 750mw that is idle at the aluminum smelting plant in Ikoyi abasi, since that plant is not working due to legal issues why not find a way for the turbines to be used for power generation. 5 turbines of 125mw each sitting idle

MadamVanessa:



I support him regardless. He's the type of politician I love. No sugarcoating, no faking , he said it the way it is, not even desperate to be the president, so unapologetic of his action.

Trump is coming.

The money sent by your illegal immigrant brother in America you using to make mouth online, he would him back home your eyes go clear 😲

JikSneh:
APC owns Rivers state, my able capacity law makers....... We are coming, the dogs and baboons in PDP rivers who doesn't want the progress of the state will hear from us soon.
SIM get ready to be impeached, you don't have what it takes to lead Rivers, you don't have the balls and capacity......we will make the sit ungovernable for you till you succumb.
Wicked wike all the wayyyy

Go and take your meds please

BeeBeeOoh:
https://punchng.com/wife-may-bag-jail-term-for-tearing-husbands-passport-at-lagos-airport-nis/

I feel it's a skit, but if it's not a skit the woman should be thought a lesson, we have many of them in marriages assaulting their husbands it's not only men that are violent in marriages there are a lot of women too.

Omooba77:
We said August, and today is 12 August. Just wait, this is August,” an official said.



.
https://www.premiumtimesng.com/news/723524-dangote-refinery-insists-petrol-will-hit-local-market-in-august.html

How much is it going to sell for that's the most important thing

idanone:
With this price hope no be the car go kill the owner?

😂😂

fergie001:
Beke is anti-Wike & pro-Amaechi.

However, this will not stand the scrutiny of higher Courts because leadership tussle within parties are strictly INTERNAL AFFAIRS of a political party and the Court simply has no jurisdiction.

The judgement is afflicted with jurisdictional issues and has no chance of survival, in short, it is bound to fail but for now it stands.

Go and read the SC judgement on Igo Aguma v APC

Political parties are like voluntary organizations, therefore you must abide by the rules or leave.

Well let's see 😜

muhammaduyusufu:
https://www.facebook.com/share/p/yDgWTD5cAUtQzokG/?mibextid=qi2Omg

This is no longer politics, the obsession is getting out of hand, Reno, Peter Obi pass you and you can't never near him in this life time

Dapromzy333:

https://www.youtube.com/watch?v=r7FDGEvCnvY




https://news360ng.com/shaibu-resumes-office-as-edo-deputy-gov-after-reinstatement/

Which office? Before his impeachment he had no office, so which office is he resuming to

Melagros:
COMRADES, congratulations to the Beke, the senseless Wike will suffer defeat from all fronts

Puppet Tony Okocha will ask God today why always me?

That's why Wike hasn't moved to APC because he knows that would never happen with Amaechi there.

fergie001:
Beke is anti-Wike & pro-Amaechi.

However, this will not stand the scrutiny of higher Courts because leadership tussle within parties are strictly INTERNAL AFFAIRS of a political party and the Court simply has no jurisdiction.

The judgement is afflicted with jurisdictional issues and has no chance of survival, in short, it is bound to fail but for now it stands.

Who told you that, but someone can take an injunction not to be suspended from a party, Emeka beke has a case you can't remove because he was elected for 4 yrs and should be allowed to complete his tenure, you can't just remove and say it's a party issue the courts has the jurisdiction to protect him.

press9jatv:
It’s a known fact, Adeleke will be heavily defeated and shamed in the 2026 governorship election 🗳. He will be heavily defeated in the 30lg in Osun State

They should kick him out, at least he has a skill, he can dance for his nephew 😂