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Trending News: NIGERIA LOSES 855,629 METRIC TONNES OF FOOD TO FLOODS IN 2024 – FAONOBODY IS WORKING FOR THIS GREAT COUNTRY – JOE IGBOKWE LAMENTSHOW FG PACIFIED LABOUR WITH PROMISES TO COMPLETE FIVE REFINERIES, PAY ARREARSNLC REJECTS COURT RULING ON ABURE LEADERSHIP OF LABOUR LEADERSMINIMUM WAGE UPDATE: STATES PAYING N70, OOO AND ABOVELP CRISIS: INEC RECOGNISES ABURE FACTION AFTER COURT JUDGEMENTPDP IN CRISIS BECAUSE SUPREME COURT ALLOWED WARD CHAIRMAN TO SUSPEND NATIONAL CHAIRMAN – JONATHANMY N14M MONTHLY EARNING NOT ENOUGH – ORJI UZOR KALU73% OF ABIA RESIDENTS DRINK WATER CONTAMINATED WITH FAECES – STUDYHOW MANY AFRICAN COUNTRIES HAS WORLD BANK TAKEN TO PROMISED LAND? – SHEHU SANIYOUR REFORMS NOT WORKING, BAUCHI GOVERNOR TELLS TINUBUFG DECLARES END OF FUEL, FOREIGN EXCHANGE SUBSIDIESSENATE PASSES VOTE OF CONFIDENCE ON AKPABIOWHY NIGERIAN GOVT REFUSED TO RELEASE NNAMDI KANU – IPOBLAWYER FAULTS AGBAKOBA ON LEGAL STATUS OF EFCC, SAYS POSITION BASED ON LEGAL SOPHISTRYRIVERS CRISIS: AS FAR AS LAW IS CONCERNED, STATUS OF THE BUDGET IS NULLITY – SANNIGERIANS NOT FEELING TINUBU, SHETTIMA’S ABSENCE – AISHA YESUFUPRO-WIKE LAWMAKERS WRITE INEC, SEEK REPLACEMENT OF PRO-FUBARA LAWMAKERSLONGEST LIVED AMERICAN PRESIDENT IN HISTORY, JIMMY CARTER, VOTES FOR KAMALA HARRIS IN US PRESIDENTIAL ELECTIONEX-NBA PRESIDENT, AGBAKOBA, WRITES NASS, SAYS EFCC ACT UNCONSTITUTIONALEFCC VS THE CONSTITUTION: WAITING FOR SUPREME COURTCATEGORIES OF PEOPLE WHO WILL SUFFER IF TRUMP WINS AMERICAN PRESIDENTIAL ELECTION – SHEHU SANIHUNGER NOW FAMILY MEMBER OF MANY NIGERIAN HOUSEHOLDS – PETER OBI KNOCKS TINUBU GOVTSON OF EX-ENUGU ASSEMBLY DEPUTY SPEAKER ARRESTED FOR ALLEGEDLY SUPPLYING GUNS TO KIDNAPPERSFLOOD TAKE OVER SAHARA DESERT AFTER HEAVY RAINFALL, FIRST IN DECADESPRESSURE MOUNTS ON SUPREME COURT AS 16 GOVERNORS SUE EFCCLAGOS TO PAY N85,000 AS MINIMUM WAGEPOWER VACUUM: PRESIDENT, VICE PRESIDENT OUT OF NIGERIATINUBU GOVT PLANS N25% TAX ON WEALTHY NIGERIANS EARNING N100M MONTHLYIT’S FAKE NEWS, THERE’S NO PLOT TO IMPEACH ME – AKPABIOPOLICE CLARIFY ROLE IN RIVERS LG ELECTIONWIKE MAY FACE DISCIPLINARY ACTION FOR VIOLATING PDP RULESNAIRA ONE OF THE WORST PERFORMING CURRENCIES IN AFRICA – WORLD BANKNIGERIA’S CHIEF OF ARMY STAFF, LAGBAJA , SICK, FLOWN ABROAD FOR TREATMENT – SAHARAREPORTERSWORLD BANK TELLS TINUBU GOVT TO CONTINUE WITH ECONOMIC POLICY DESPITE RISING HARDSHIPTRAVELLERS HAIL PETER OBI, CALL HIM “OUR PRESIDENT” AS HE CLEARS TRAFFIC IN KOGICONSTITUENTS MOVE TO RECALL HOUSE OF REPS MEMBER, UGOCHINYERE, LAUD GOV UZODINMADAMAGUM MAY STEP DOWN NEXT WEEKPDP CRISIS RESOLVED WITH SUSPENSIONS, COUNTER SUSPENSION QUASHEDSOLUDO REJECTS LG AUTONOMY, SAYS IT WILL LEAD TO CHAOS, SIGNS BILL TO DEDUCT COUNCIL FUNDSWHY WE INVADED RADIO STATION TO ARREST SUSPECT – EFCCNUJ CONDEMNS EFCC INVASION OF RADIO STATIONENUGU GOVT TO LAUGH N20B STATE SECURITY TRUST FUNDGRID COLLAPSE, A NATIONAL SHAME, TESTAMENT OF LEADERSHIP FAILURE – PETER OBIPRO-WIKE LAWMAKERS DECLARE PRO-FUBARA LAWMAKERS’ SEATS VACANTFG SUMMONS BRITISH HIGH COMMISSIONER OVER SUNDAY IGBOHO’S YORUBA NATION PETITION TO PRIME MINISTERAFCON QUALIFIER: CAF DELISTS NIGERIA, LIBYAEFCC INVADES RADIO STATION IN ENUGU, ARRESTS PRESENTERPDP CRISIS: GOVERNORS TELL WARRING MEMBERS TO MAINTAIN STATUS QUODAMAGUM DIVIDES PDP GOVERNORSPDP BREAKS INTO FACTIONSWE SYMPATHISE WITH THE POOR BUT TINUBU’S POLICIES WILL CONTINUE – VP SHETTIMANORTH MUST BE PREPARED FOR POSSIBLE SEPARATION – PROF LUGGACAF INVESTIGATES SUPER EAGLES ORDEAL IN LIBYANIGERIA WAS NOT HUMILIATED AT UNHRC ELECTION – PRESIDENCYNIGERIA IN DARKNESS AS NATIONAL GRID COLLAPSES AGAINMOB BURNS EDO POLICE STATION OVER ALLEGATION OF ORGAN HARVESTINGSUPER EAGLES BACK TO NIGERIA AFTER LIBYA ORDEALFG TO RECRUIT 74,OOO TEACHERS NATIONWIDENIGERIANS GROAN OVER HIGH ELECTRICITY BILLSFG MOVES TO GROUND 60 PRIVATE JETSALLOW THE DEAD TO REST IN PEACE, SHEHU SANI SPEAKS ON ENUGU MORTUARY TAXPDP BLASTS FUBARA, SAYS HE REJECTED OFFER TO CONTROL PARTY STRUCTUREPETER OBI CONDEMNS FATAL SHOOTING OF SUPERSPORTS CREW, SAYS KILLINGS KIDNAPPINGS HAVE BECOME WORSENASS WANTS MORE SUFFERINGS FOR NIGERIANS, CONSIDERS BILL TO INCREASE VAT FROM 7.5% TO 10%ENUGU GOVT PLANS TO RESETTLE RESIDENTS OF TWO URBAN SLUMSBIZZARE! REVEREND FATHER SET TO WED REVEREND SISTER IN CATHOLIC CHURCHSENATE THREATENS UMAHI, DABRI-EREWA, OTHERS WITH WARRANT OF ARRESTGOVERNOR SUSPENDS AID FOR ANNOYING N70,OOO MINIMUM WAGENINE PDP GOVERNORS ENDORSE DAMAGUM’S REMOVAL AS NATIONAL CHAIRMANBETWEEN SENATOR SHEHU SANI AND EX-GOV EL RUFAI’S WIFEYOU’RE BEREFT OF IDEAS ABOUT HOW TO TACKLE ECONOMIC CRISIS, BEG JONATHAN FOR HELP – NNPP TELLS TINUBUWHY MORTUARY TAX WAS INTRODUCED – ENUGU GOVTNIGERIA FACING WORSENING FOOD CRISIS LIKE YEMEN, ETHIOPIA – WORLD BANK REPORTFLASHBACK: HOW TINUBU CRITICISED JONATHAN OVER PETROL SUBSIDY REMOVALINSIDE STORY OF ONGOING CRISIS IN PDPHOUSE OF REPS PASSES BILL TO ESTABLISH BOLA AHMED TINUBU UNIVERSITY OF NIGERIAN LANGUAGESRIVERS CRISIS: I DO NOT SEE THE POSSIBILITY OF APPEAL COURT JUDGEMENT BEING UPTURNED – SANFOR AND AGAINST REGIONAL GOVTDRAMA AS FAYOSE DECLARES SELF PDP NATIONAL CHAIRMAN, SUSPENDS WIKE, ATIKU, OTHERSENUGU GOVT WITHDRAWS MONARCH’S RECOGNITION OVER LAWYER’S MURDERFCT MINISTER, NYESON WIKE, BAUCHI GOVERNOR, BALA MOHAMMED, DIVIDE PDPNEW EDUCATION CURRICULUM: EVERY STUDENT MUST GRADUATE WITH TWO SKILLSFUBARA’S REFUSAL TO OBEY COURT JUDGEMENT CAUSE OF RIVERS VIOLENCE – INDEPENDENT OBSERVERSPDP CRISIS: GOVERNORS BACK EMBATTLED NATIONAL CHAIRMAN, DAMAGUNAPC BERATES ROTIMI AMAECHI, SAYS HE’S INVITING ANARCHY IN NIGERIASOWORE, FORMER PRESIDENTIAL CANDIDATE, BARRED FROM LEAVING NIGERIA BY IMMIGRATION SERVICEAPC SUSPENDS TINUBU’S MINISTER, OTHERSCOURT BARS PDP NEC, BOT FROM SACKING DAMAGUM AS ACTING NATIONAL CHAIRMANFG ANNOUNCES FULL DEREGULATION OF PETROLEUM INDUSTRYCHIEF JUDGE REJECTS NYAKO’S RECUSAL FROM NNAMDI KANU’S CASE, RETURNS CASE FILEMY HUSBAND NOT CAUSE OF NIGERIA’S PROBLEM – TINUBU’S WIFERECENT LOCAL GOVT ELECTIONS IN STATES ACROSS NIGERIA, A SHAM, RAPE OF DEMOCRACY – SENATECHIDINMA ADETSHINA NAMED ENUGU STATE BRAND AMBASSADORPDP CRISIS WORSENS AS FACTIONS SUSPEND EACH OTHERNCC COMPLETES NIN-SIM LINKAGE FOR ALL PHONE NUMBERSWHY I PREFER TRADITIONAL WORSHIP TO CHRISTIANITY, ISLAM – SOYINKAWTO SELECTS UNN, OTHERS FOR TRADE RESEARCH PROGRAMMEYOU DON’T HAVE CAPACITY TO BRING DOWN MILITARY AIRCRAFT – DHQ TELLS DOKUBONO FOOD FOR LAZY MAN – TINUBU’S WIFE TELLS NIGERIAN YOUTHS TO WORK HARD
Fri. Oct 18th, 2024

SEIZED PRESIDENTIAL JETS: WE’RE READY TO SETTLE WITH NIGERIA – CHINESE COMPANY, ZHONGSHAN

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SEIZED PRESIDENTIAL JETS: WE’RE READY TO SETTLE WITH NIGERIA – CHINESE COMPANY, ZHONGSHAN

Zhongshan, the Chinese company at the centre of a dispute with the Nigerian government over the seizure of three presidential jets, has responded to claims made by the Federal Government.

In a statement, Zhongshan said it is ready to settle with the Nigerian government and has been waiting for an indication that the government is willing to negotiate.

The company’s statement comes after a French court authorized the seizure of the three presidential jets linked to the Federal Government of Nigeria. The court order prohibits the jets’ movement, sale, or purchase until Zhongshan receives $74.5 million awarded to the company.

Zhongshan said it has only ever sought to assert its rights under international law and is confident in its case.

“Zhongshan has only ever sought to assert its rights under international law and is confident in its case. The independent arbitral panel was found unanimously in its favour, 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.

“Far from being just a fence, the Ogun Free Trade Zone was featured as a significant international investment by the Economist Intelligence Unit.

“Zhongshan has for a long time been ready to enter serious negotiations with the federal government of Nigeria to settle this case and still awaits an indication that the government is equally willing,” the statement said.

Recall that in response to the court judgement, the Special Adviser to the President on Information and Strategy, Bayo Onanuga, described the order by the French court as a result of arm-twisting tactics by Zhongshan. Onanuga said the federal government and the Ogun State government had made efforts to resolve the matter, but Zhongshan withheld vital information and misled the French court.

“The use and nature of the Presidential jets as assets of a Sovereign entity whose assets are protected by diplomatic immunity forbid any foreign Court from issuing an order against them,” Onanuga said.

The dispute between Zhongshan and the Nigerian government dates back to 2016 when the Ogun State government revoked the company’s export processing zone management contract. Zhongshan launched an investment treaty arbitration against Nigeria, citing the bilateral investment treaty between China and Nigeria.

An arbitral tribunal eventually issued a final award of $55,675,000 in addition to interest and costs payable by Nigeria to Zhongshan in March 2021.

    • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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