Former Governor of Ogun State, Sentaor Ibikunle Amosun has revealed that Zhongfu International Investment FXE, a Chinese company, in whose instance three presidential jets were seized is an impostor in the business dispute which led to the seizure of the jets.
Senator Amosun, in whose tenure the dispute arose, said the issue was merely a business dispute between two Chinese Companies; Zhongfu International Investment FXE and another Chinese company, China Africa Investment FXE.
In a statement on Saturday,Amosun disclosed that, upon assumption of office in 2011, there were claims and counter claims by the two companies as tothe management rights over the Ogun Guangdong Free Trade Zone.
The dispute was settled with the intervention of the Chinese Government via Diplomatic Note 1601, in 2016 wherein it was clarified that China Africa Investment FXE was the rightful investor,he said.
According to him,the Chinese government was given effect to after due consultation with the relevant organs of Government, security agencies and other agencies of the federal government.
He said that Zhongfu International Investment FXE approached Nigerian courts in different jurisdictions to ventilate its legal and business rights, but lost all their four cases in court.
He added:“We also consulted with and took advice from the State Security Services and the supervising Agency, NEPZA, on the best way to proceed. Accordingly, we served Zhongfu International Investment FXE with formal Termination Notice dated 27 May, 2016.
“For completeness of records, we must mention that Zhongfu International Investment FXE proceeded to Court.
“Among others, the proceedings in Suit No HCT/417/2016: Zhongfu International Investment FXE Vs OGFTZ and, FCT/ABJ/CS/601/2016: Zhongfu International Investment FXE Vs NEPZA & Ors will help to throw light on this business dispute between two Chinese entities- Zhongfu and China Africa.”
