Chinese Company issues statement after masterminding siezure of 3 Nigerian presidential aircrafts
The Chinese company Zhongshan, whose export processing zone management contract was revoked by the Ogun State government in 2016, has expressed its readiness to settle its dispute with the Nigerian government.
According to Premium Times, Zhongshan issued a statement on Thursday, August 15, 2024, underscoring its confidence in the legal process and the arbitral ruling favoring it.
The statement reads, “Zhongshan has only ever sought to assert its rights under international law and is confident in its case. The independent arbitral panel found unanimously in its favor, and courts in multiple countries have upheld the view that the panel’s compensation should be enforced. The French court was fully aware of the facts when it reached its decision.”
The company also emphasised the international importance of the Ogun Free Trade Zone, recognized by the Economist Intelligence Unit as a significant global investment.
Zhongshan reiterated its readiness to engage in serious negotiations with the Nigerian government to reach a settlement, but noted it is still awaiting a positive response from the authorities.
Previously, a French court authorized the seizure of three presidential jets linked to the Nigerian government as part of efforts to enforce Zhongshan’s $74.5 million compensation awarded by the arbitration panel.
Legal papers have been served to prevent the movement, sale, or purchase of the jets until the compensation is settled.
In response to the court’s decision, Bayo Onanuga, Special Adviser to the President on Information and Strategy, characterized the French court’s order as an “arm-twisting tactic” by Zhongshan.
Onanuga claimed the company misled the French court by withholding crucial information and argued that the presidential jets were in France for routine maintenance when the order was issued.
He maintained that as sovereign assets, the jets are protected by diplomatic immunity and should not be subject to foreign court rulings.
Both the Federal and Ogun State governments, according to Onanuga, have attempted to resolve the issue, but the dispute continues.
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President Tinubu returns to Nigeria after Abu Dhabi outing
President Tinubu returns to Nigeria after Abu Dhabi outing
President Bola Tinubu has returned to Nigeria after participating in the 2026 Abu Dhabi Sustainability Week (ADSW 2026).
Presidential spokesperson, Mr Bayo Onanuga, disclosed this in a statement issued on Saturday in Abuja.
The president attended the summit alongside some members of his cabinet.
On the sidelines of the summit, Nigeria signed a Comprehensive Economic Partnership Agreement (CEPA) with the United Arab Emirates (UAE).
The agreement is aimed at deepening economic cooperation, boosting bilateral trade and investment, and enhancing technology transfer.
It will also expand collaboration in key sectors, including energy, infrastructure, agriculture, mining and renewable energy.
In his address at the summit, Tinubu announced that Nigeria and the UAE would jointly host INVESTOPIA in Lagos in February.
The initiative is designed to attract global investors and accelerate sustainable investment inflows into Nigeria.
Tinubu also said Nigeria targets mobilising up to $30 billion annually in climate and green industrial finance.
He said the funds would support energy transition reforms and expand nationwide access to electricity. (NAN)
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APC clears air on receiving letter of defection from another State Governor
APC clears air on receiving letter of defection from another State Governor
The Zamfara chapter of the All Progressives Congress (APC) has denied receiving a letter from Gov. Dauda Lawal seeking to defect to the party.
The News Agency of Nigeria (NAN) reports that there were speculations across the state over Lawal’s move to defect to APC.
A statement issued in Gusau on Saturday by the state APC Publicity Secretary, Malam Yusuf Idris, described the speculations as fabricated.
“The party came across a fabricated report purported to have emanated from one Tambarin Gusau claiming that Go Dauda Lawal has sent a letter to the party wanting to join the APC.
“The report is malicious, unfortunate, unfounded, mischievous and showed the unprofessional manner which some people can go in misleading others and causing chaos in a stable and a peaceful party like the APC.
“The APC has responsible channels where everything is done in a guided manner,” Idris said.
According to him, the party has not received any letter from Lawal as claimed through the imagination of the writer nor was the party aware of any recent moves by the governor to defect from the PDP to the APC.
“All members of the party and indeed the public especially in Zamfara should therefore disregard such report.,” Idris added.(NAN)
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282 Passengers safe as plane makes emergency landing in Lagos
282 Passengers safe as plane makes emergency landing in Lagos
A Qatar Airways passenger plane on Friday made an emergency landing at the Murtala Mohammed International Airport in Lagos after developing a technical fault mid-flight.
The aircraft, which had 248 passengers and 12 crew members on board, was forced to land abruptly after the malfunction was detected while it was operating within Nigerian airspace.
The Lagos State Emergency Management Agency (LASEMA) confirmed the incident in a statement released by its Permanent Secretary, Dr. Olufemi Oke-Osanyintolu.
According to him, the agency was alerted to the situation through its 767 and 112 toll-free emergency lines, prompting an immediate response from emergency officials.
He explained that upon receiving the distress call, the LASEMA Response Team (LRT) was swiftly deployed to the airport to assess the situation and provide necessary support.
“Upon arrival at the scene, the LASEMA Response Team confirmed that the aircraft was in distress,” the statement noted.
“The pilot executed a safe landing on the runway at Murtala Mohammed International Airport with LASEMA Response Team and other emergency responders standing by on extreme high alert on the runway.
“Collaborative efforts of the multi-agency responders were coordinated. After proper check by the pilot and the engineering crew, the aircraft was moved to the apron for detailed inspection and prompt repairs.”
“All passengers of the distressed airplane were evacuated safely; no injuries reported, no loss of lives,” the statement said.
Despite the technical issue and the emergency landing, the agency stated that there was the aircraft experienced no major damage.
“The aircraft has been secured on the apron. Recovery activities have been completed,” the statement added.
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