Showing posts with label District of Columbia. Show all posts
Showing posts with label District of Columbia. Show all posts

Friday, August 23, 2024

Beyond The Seizure Of Presidential Aircraft

 By Ugo Onuoha

Gracious and humane creditors? Or how else can we describe the gesture of Zhongshan Fucheng Industrial Investment Co. Limited who are on the winning side, at least for now, of an arbitration dispute with Nigeria. The company has a standing Paris court order with which it impounded three of Nigeria’s presidential jets.

 

They were grounded in France where two of the aircraft had gone for servicing. The third, a recently acquired Airbus, Nigerian president, Alhaji Bola Ahmed Tinubu’s latest luxury toy, was reportedly flown to France for retrofitting and sundry luxury upgrades to suit the status and taste of the ruler of the country which since 2019 has been designated as the global capital for the abject poor.