The Presidency has disclosed that Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese company, is attempting to covertly seize Nigeria’s offshore assets.
This company is currently entangled in a legal battle with the Ogun State government due to a failed agreement to manage a free-trade zone.
In a statement by Bayo Onanuga, Special Adviser to President Tinubu on Information and Strategy, the Federal Government emphasized that it has no contractual obligations with Zhongshan. The company’s efforts to claim Nigerian government assets in foreign countries have been labeled as “arm-twisting tactics.”
The Presidency reassured Nigerians that the Federal Government, in collaboration with the Ogun State Government, is taking steps to nullify the “frivolous order” Zhongshan obtained in Paris.
The government remains committed to safeguarding Nigeria’s national assets from “predators and shylocks” who pose as investors.
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