Chinese Firm Releases One Presidential Jet, Says It is Needed for Presidential Travel

• One of the presidential jets owned by Nigeria was released by Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese company
• This happened after the Chinese company obtained a court order to seize three presidential airplanes owned by Nigeria while they were being held
• The company stated that it remains committed to talks with representatives of the Federal Government of Nigeria

Legit.ng journalist Zainab Iwayemi has over 3-year-experience covering the Economy, Technology, and Capital Market.

Zhongshan Fucheng Industrial Investment Co. Limited, the Chinese firm that seized Nigeria’s presidential jets, has released one.

Zhongshan, a Chinese firm had secured a court order to confiscate three Nigerian presidential jets pending when Zhongshan receives $74.5 million awarded to it against Nigeria.

The spokesperson of the company who made this known on Friday said, the company released the aircraft because President Bola Tinubu would need it to travel to a scheduled meeting with President Macron of France early next week.

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“Zhongshan has consistently sought to act reasonably and fairly in the course of a legal dispute with Nigeria which was not of its making,” the official told Premium Times Friday afternoon.

“It (Zhongshan) has now been made aware that an Airbus A330, currently detained in France as a result of a French court order obtained by Zhongshan, is needed for the President of the Federal Republic of Nigeria to travel to a scheduled meeting with President Macron of France early next week.

“As a gesture of goodwill, Zhongshan has lifted the seizure of that aircraft immediately. This will allow it to be used for the President’s trip.

“Zhongshan remains committed to talks with representatives of the Federal Government of Nigeria, this time serious and substantive on both sides, with a view to reaching a reasonable compromise settlement rapidly.”

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Presidency break silence over seizure presidential jets

Legit.ng reported that the Presidency has accused the Chinese company Zhongshan Fucheng Industrial Investment Co. Limited of using arm-twisting tactics to seize the nation's three presidential jets in France.

The federal government stated this while reacting to the French Court, ordering the seizure of three Nigerian Presidential jets.

The special adviser to President Bola Ahmed Tinubu on Information and Strategy, Bayo Onanuga, disclosed this in a statement shared by Special Assistant to President on Social Media, Olusegun Dada, via his X handle (formerly known as Twitter) @DOlusegun.

Source: Legit.ng