Three Nigerian presidential jets have been seized by a French court amid a legal battle involving Ogun State and Chinese company Zhongshan. The aircraft, grounded in Paris and Switzerland, are part of a $74.5 million debt dispute.
In a significant legal development, a French court has ordered the seizure of three Nigerian presidential jets due to an ongoing $74.5 million contract dispute between Ogun State and a Chinese construction company, Zhongshan. The seized aircraft, which include a Dassault Falcon 7X, a Boeing 737, and an Airbus A330, are currently grounded in Paris and Switzerland.
The legal dispute began in 2016 when Ogun State abruptly canceled a construction deal with Zhongshan, leading the Chinese firm to seek compensation. After years of litigation, a French court ruled in favor of Zhongshan, leading to the Nigerian Presidential jets’ seizure as collateral for the debt owed by the Nigerian government.
This latest development highlights the ongoing risk that Nigerian assets face abroad, especially in the wake of similar incidents such as the seizure of Nigerian properties in Liverpool. The Nigerian government has yet to make an official statement regarding the seizure, which could further strain Nigeria’s international relations and affect its economic and diplomatic standing.
The grounding of these high-profile aircraft, crucial to the movement of the Nigerian presidency, also raises concerns about the potential disruption of official government operations.
