Another $57m Nigerian jet in Canada seized by Chinese firm - Thepodiummedia

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Post published:August 22, 2024
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A luxury jet owned by Nigeria has been repossessed in Canada by a Chinese firm, Zhongshang Fucheng Industrial Investment Ltd.

According to People’s Gazette, Zhongshang recently received a change of custodian paperwork for the Bombardier 6000 type BD-700-1A10 aircraft from Canadian authorities in Montreal.

The paperwork change was made after a Canadian court gave a verdict empowering the firm to seize the jet.

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A source with knowledge of Zhongshang’s activities said anonymously: “The court granted orders for Zhongshang to seize the plane earlier this year, but the change of custody from Nigeria to Zhongshang was only recently concluded.

“Zhongshang will not stop seizing Nigeria’s assets worldwide until the last cent of the arbitration awards has been paid.”

The report states that Nigeria’s bid to retain ownership of the aircraft was quashed by Judge David Collier of the Superior Court of Quebec on March 21, 2024.

The latest seizure brings the tally of Nigeria’s assets seized by Zhongshang to include those based in the United Kingdom, France and Canada.

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Morak Babajide-Alabi is a graduate of Mass Communication with a Master of Arts Degree in Journalism from Napier University, Edinburgh, United Kingdom. He is an experienced Social Media practitioner with a strong passion for connecting with customers of brands.

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He had a successful media practice at The Guardian, Punch and This Day.

He started his brand management career at Owena Bank as Media Relations Manager before joining Prudent Bank (now Polaris Bank) as the pioneer Head of Corporate Affairs.

The British Council appointed him as Head of Communication and Marketing to co-ordinate branding and reputation management activities at its Lagos, Abuja, Kano and Port Harcourt offices.

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