Another Nigerian Jet Seized In Canada As Aggrieved Investor Moves To Confiscate Assets In 5 Countries

Another Nigerian government executive jet has been seized by an aggrieved investor, this time in Canada. The jet, a Bombardier 6000 type BD-700-1A10, was previously seized from Dan Etete, a former petroleum minister, and had been stored in Canada.

Zhongshang Fucheng Industrial Investment Ltd, a Chinese company, successfully repossessed the private jet valued at $57 million from the Nigerian government.The company, which has been seeking to confiscate Nigerian assets, received the necessary paperwork for the transfer of custodianship from Canadian authorities in Montreal.

This development comes after a Canadian court ruled in favour of Zhongshang, granting the company permission to seize the aircraft from Nigeria, Peoples Gazette reports citing sources.“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,” a person familiar with Zhongshang’s activities said anonymously to discuss the matter.