The Federal Government has accused a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, of subterfuge after a French court granted the seizure of presidential jets
In a statement on Thursday, presidential spokesman Bayo Onanuga alleged that the Chinese firm was trying to take over offshore assets of the Federal Government
In the dispute involving an arbitration award, the court in Paris ruled in favour of the Chinese firm, allowing it to seize three presidential jets on routine maintenance
This was done in France as security for claims in a decades-long judicial matter between the foreign company and the Ogun State government.