FEDERAL GOVERNMENT

Chinese Firm Moves to Confiscate £20m P&ID Award in UK, 2 Presidential Jets, 2 Properties in Liverpool

*Fagbemi accuses firm of arm-twisting tactics in order to seize Nigeria’s assets abroad  Chinese company Zhongshan Fucheng Industrial Investment Co. Limited is making moves to seize the £20 million judgement cost awarded in favour of Nigeria against P&ID by a United Kingdom appeal court last month, THISDAY has learnt. The company, which had earlier secured […]

FEDERAL GOVERNMENT

FG to Chinese Firm: Our Jets Are Sovereign Assets, Immune from Seizure

*Commences legal, diplomatic moves to recover seized presidential aircraft *Ogun takes steps to vacate order, faults legal process by foreign firm *Obi demands explanation, says situation embarrassing The federal government, yesterday, reacted to the alleged seizure of three presidential planes in Paris, France, following a dispute between a private Chinese firm and the Ogun State government, saying those aircraft are sovereign assets and, therefore, immune from confiscation. Citing extant principles of international law, the government acknowledged […]

Aviation

As Ogun Marks First Flight at New Agro-Cargo Airport

Last week, Ogun State marked the first flight at the new Gateway Agro-Cargo International Airport, which is a multipurpose facility that will provide easy movement of goods and services to and from industries in the Ogun industrial corridor. It will also serve as alternative to air freighting and eliminate traffic gridlock from Lagos airport. The […]

Aviation

Ogun Cargo Airport: Facilitating Agro Processing, Export

The Ogun State international cargo airport is an ambitious project, which when completed will become important gateway to the many industries located in the state and adjoining states. They will find it a relieving alternative for the movement of cargo and passengers. The Ogun State government has shown commitment for diversifying its revenue resources by […]