₦airaland Forum

Yusuf Tuggar, the minister of foreign affairs, says the federal government is working to resolve its dispute with Zhongshan Fucheng Industrial Investment, a Chinese firm.

A French court recently ordered the seizure of three presidential jets belonging to Nigeria over a contract dispute between the Chinese firm and Ogun state government.

The court ruled that the firm should use Nigeria’s jets at the Paris-Le Bourget and Basel-Mulhouse international airports as “security for its claim of EUR 74,459,221”.

A US appeal court also ruled that Nigeria’s claim to sovereign immunity cannot stand in a commercial venture.

The court rejected Nigeria’s sovereign immunity defence to the enforcement of a $70 million investment treaty award won by Zhongshan Fucheng Industrial Investment Co. Ltd. in a free trade zone.

The Chinese company said it would release one of Nigeria’s seized presidential jets.

Speaking with reporters in Malabo, the capital city of Equatorial Guinea, on Friday, Tuggar said he and Lateef Fagbemi, the attorney-general of the federation (AGF) and minister of justice, are on top of the situation.

“This is part of the problem when sub-national actors like state governments take it upon themselves to go into agreements, go into international arrangements, without recourse to the ministry of foreign affairs, without recourse to the federal government, and then when it goes awry, we are left with the problem to deal with,” he said.

“That is why it is always important that such arrangements should be registered with the mission there, with the embassy, with the Ministry of Foreign Affairs, and with the federal government.

“This is something that Ogun state, under a different administration, not this governor, entered into that we’re not aware of. All we know is that they’re going after Nigerian assets.

“That’s why, really, foreign or international negotiations are not the purview of sub-national actors.

“You should always have those that are experienced in such an area that have the necessary skills and the necessary training to negotiate these sorts of agreements.”

The minister said updates would be provided on the matter.

PressMyButton:
Chinese companies cannot be allowed to behave recklessly as against what the allow a foreign company in their country. Eight years is enough time to terminate a contract when nothing significant had been done on the project.

Lifestone:
That fact is that Government at both National and sub National level can not just terminate an agreement without following due process as stated in the agreement.
The government of Amosun was very notorious in this regard. I remember the rumors that he killed the Dangote Refinery at the Olokola Free Trade zone over selfish reasons.
Now they have someone who can drag them

Lifestone:
That fact is that Government at both National and sub National level can not just terminate an agreement without following due process as stated in the agreement.
The government of Amosun was very notorious in this regard. I remember the rumors that he killed the Dangote Refinery at the Olokola Free Trade zone over selfish reasons.
Now they have someone who can drag them

Chinjo2:
This is what happens when incompetent people are voted into power.
Nigeria was once a prosperous country until APC came and destroyed it.
Now, they have shifted their focus to Edo state where they fielded a stark illiterate as their candidate.
A man that wrote WAEC in 2008 at the age of 36 and failed woefully.
A man who submitted three different dates of birth to INEC.
A man who has continually been running from engagement with the people.
A man who has refused to grant any press interview even in pidgin English.
A man who can not make a simple sentence without making blunders.
A man who doesn't know the difference between a museum and a Zoo.
A serving Senator who has never raised up his hands in the Senate to make any meaningful contribution.
A man that wants to become governor and all he can mutter during campaigns is APC or Mai pipul mai pipul
They want to bring him to destroy all the gains recorded by all previous administrations.
Few days ago Oshiomhole threatened that if Shoprite enters Edo mall, they will become shopdead. Imagine a former governor who once promised to bring shoprite to Benin but was only able to erect a signboard of shoprite threatening investors.
Because they don't read, Oshiomhole and crew doesn't know that the building Obaseki demolished wasn't a library but Edo state library board. They dont know that Obaseki built a digital library inside the Edo Mall complex with free wifi.
Just imagine what illeteracy has done to these people.

Well I pity any Edo person supporting this evil party called APC. Oshiomhole who is supposed to be an elder statesman like other past governors has made himself a perpetual lier. He tells one lie and tell another one to cover the last one. A man well over 70 years. Shame on him.

The state is ready for them let them come.
Election is next month.
You guys will understand why Edo state is called the heartbeat of Nigeria.

BlackfireX:
Just imagine this... just imagine that Nigeria Aircraft was seized by U.S because of Anambra state mismanagement and breach of contract with a u.s company.




By now the kind of insult and lamentations from suffercated mouths will have been hyper gama radiation level
Jah bless u... Dem go moan taya

Henr92dn:
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