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  • The dispute stems from a 2007 contract between Zhongfu, a subsidiary of Zhongshan Fucheng, and the Ogun State Government to develop a free trade area. Zhongfu alleged that Ogun State backed out of the arrangement, leading to arbitration proceedings in London.
    The dispute stems from a 2007 contract between Zhongfu, a subsidiary of Zhongshan Fucheng, and the Ogun State Government to develop a free trade area. Zhongfu alleged that Ogun State backed out of the arrangement, leading to arbitration proceedings in London.
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  • A three-person arbitration panel awarded Zhongshan $70 million in damages, which has grown to $81 million with interest.



    Special Adviser to the President on Policy Communications, Daniel Bwala, described the ruling as a warning. He said that Nigeria has the opportunity to appeal and vacate the ruling.
    A three-person arbitration panel awarded Zhongshan $70 million in damages, which has grown to $81 million with interest. Special Adviser to the President on Policy Communications, Daniel Bwala, described the ruling as a warning. He said that Nigeria has the opportunity to appeal and vacate the ruling.
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  • We will continue to examine all options and take necessary steps to address these legal challenges, ensuring Nigeria’s rights and assets are preserved,” Bwala said.
    We will continue to examine all options and take necessary steps to address these legal challenges, ensuring Nigeria’s rights and assets are preserved,” Bwala said.
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  • In August 2024, a French court sanctioned the seizure of three Nigerian presidential jets, including the new Airbus A330 bought by President Bola Tinubu. However, Zhongshan released the aircraft after the Attorney General of the Federation and National Security Adviser initiated legal and diplomatic moves.
    In August 2024, a French court sanctioned the seizure of three Nigerian presidential jets, including the new Airbus A330 bought by President Bola Tinubu. However, Zhongshan released the aircraft after the Attorney General of the Federation and National Security Adviser initiated legal and diplomatic moves.
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  • Awesome God
    Received my praise
    Awesome God Received my praise
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  • Meanwhile, Zhongshan has confiscated two residential structures in Liverpool, UK, belonging to Nigeria, with plans to sell them on eBay.
    Meanwhile, Zhongshan has confiscated two residential structures in Liverpool, UK, belonging to Nigeria, with plans to sell them on eBay.
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  • It is well
    It is well
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  • You are the sunshine that fades all the darkness in my life. You are my road to redemption. I have never loved someone so deeply than you. I love you more than I can say. Nothing can ever change my love for you!
    You are the sunshine that fades all the darkness in my life. You are my road to redemption. I have never loved someone so deeply than you. I love you more than I can say. Nothing can ever change my love for you!
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  • Honesty is the foundation of business
    Honesty is the foundation of business
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  • Meanwhile, Zhongshan has confiscated two residential structures in Liverpool, UK, belonging to Nigeria, with plans to sell them on eBay.
    Meanwhile, Zhongshan has confiscated two residential structures in Liverpool, UK, belonging to Nigeria, with plans to sell them on eBay.
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