Ex-Ogun Gov Amosun gives reasons for terminating OGFTZ contract with Chinese firm, Zhongfu - Newstrends
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Ex-Ogun Gov Amosun gives reasons for terminating OGFTZ contract with Chinese firm, Zhongfu

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Former Ogun State Governor, Senator Ibikunle Amosun

Ex-Ogun Gov Amosun gives reasons for terminating OGFTZ contract with Chinese firm, Zhongfu

Former Ogun State Governor, Senator Ibikunle Amosun, has finally weighed in on the imbroglio surrounding the confiscation of Nigerian assets, including presidential jets, by a Chinese firm, Zhongfu.

In a statement personally signed by him, Amosun said Zhongfu is an unscrupulous entity that is trying to scam Nigeria.

He also clarified the dispute between the Chinese firm and the Ogun State Government during his tenure and the events that led to the termination of Zhongfu appointment as the manager of the Ogun Guangdong Free Trade Zone (OGFTZ)

Amosun revealed that the dispute began in 2011 when two Chinese companies, China Africa Investment FXE and Zhongfu International Investment FXE, laid claims to management rights of the OGFTZ

He explained that Zhongfu provided unpalatable and damming information about China Africa Investment FXE, leading to its appointment as interim zone manager in 2012. However, it was later discovered that Zhongfu’s claims were false, and the company was merely trying to covet the state-owned assets of Guangdong Province in China.

The former governor stated that the Chinese government later clarified that China Africa Investment FXE was the rightful investor, leading to the termination of Zhongfu’s appointment in 2016. He also revealed that Zhongfu lost several court cases and petitions to higher authorities in Abuja.

Amosun added that the agreement entered into in 2007 with his predecessor is still in operation and that there was no need for renegotiation during his tenure. He also denied allegations of harassment and intimidation by security agents and urged the government to treat the matter like the P&ID case, with no basis for negotiation.

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The statement reads:

ZHONGFU FIRM IS AN IMPOSTOR, IT’S CHINESE AGAINST CHINESE DISPUTE: Ex-Governor Amosun

We have read various media accounts of the above in both print and social media. We have also read and aligned with the very appropriate responses from Ogun State and the Federal Government. At different levels, Government is a continuum and the various segments of events leading to this unfortunate situation occurred before, during and after our administration.

Our administration assumed office on 29 May, 2011. Very shortly after we took office, two different sets of Chinese companies, Messrs China Africa Investment FXE and Zhongfu International Investment FXE laid claims to Management rights over the Ogun Guangdong Free Trade Zone (OGFTZ). The business dispute and rivalry between Chinese concerns soon became fierce, grounded seamless business activities, and threatened public peace and safety within the Zone and neighbuoring communities.

There were claims and counter claims as to who between the two was the lawful representative of the original joint venturer, Guangdong Province, China and consequentially, who had the right to manage the Zone.

Zhongfu International Investment FXE, pretending to be a concerned and genuine tenant and Zone stakeholder volunteered very damaging and destructive information about the official representatives of Guangdong Province, the Joint Venturer and lawful Zone Managers, China Africa Investment FXE and subsequently requested to be appointed as Interim Zone Managers.

Based on the information at the government’s disposal, Zhongfu International Investment FXE was appointed interim zone manager on March 15, 2012, pending further evaluation. The idea was to ensure that someone was in charge and thereby prevent unwholesome and untoward development in the Zone pending the completion of our fact-finding exercise.

It was later discovered that the information and claims volunteered by Zhongfu International Investment FXE against China Africa Investment FXE were tissues of lies.

Unknown to Ogun government at the time, Zhongfu International Investment FXE merely sought to de-market China Africa Investment FXE and to surreptitiously covet the State-owned assets of Guangdong Province in China together with the Zone ownership and management rights of their business rival.

It was further discovered – much later – through the intervention of the Chinese Government via Diplomatic Note 1601, dated 11 March, 2016.

The Government of the Peoples Republic of China, via its Diplomatic Note 1601 dated 11 March 2016, clarified to the Ogun State Government that China Africa Investment FXE was the rightful investor. After consulting with the relevant government organs, we followed the Chinese government’s request.

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We do recall, that Zhongfu International Investment FXE approached Nigerian courts in different jurisdictions to ventilate its legal and business rights. They lost all their four cases in court.

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 the completeness of records, we would like to mention that Zhongfu International Investment FXE went to court.

The proceedings in Suit Nos 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 shed light on this business dispute between two Chinese entities, Zhongfu and China Africa.

The final judgement in one other case, Suit No AB/04/2017: Zenith Global Merchant International Investment Ltd Vs Zhongfu International Investment FXE delivered on 29/3/2017 specifically restrained a reference to arbitration in the special circumstances of the matter being a trade dispute between two Chinese entities- Zhongfu and China Africa, with little or no connection with either Ogun State or the Federal Government.

Not satisfied with the decisions of the various courts, Zhongfu International Investment FXE took its case, and wrote petitions at various times, to higher authorities in Abuja; the Presidency, Hon Minister of Trade & Investment; Attorney General & Minister of Justice, Inspector General of Police, EFCC, and the National Assembly (both the House of Representatives and the Senate) among others.

We successfully defended our actions at all levels before these organs of government, and they all agreed with our position. Shortly after, our administration left office in May, 2019.

In conclusion, without prejudice to the ongoing efforts of the Ogun State Government and the Federal Government of Nigeria, and with all sense of responsibility I wish to categorically state that:

The agreement that was entered into at inception of the Zone in 2007 with our predecessor is what is still in operation and there was no need for any negotiation or re-negotiation of any contract when we came in and throughout our eight (8) years tenure.

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It is also not true that our administration sent police or any security agent to harass, intimidate, or beat anyone. If there was any such situation, it must have been from among the disputing rivals in the bid to outdo one another. Security agencies can further investigate the allegation and uphold the truth.

Nigeria should not give Zhongfu International Investment FXE any listening ear as doing so would amount to indulging and, encouraging an unlawful entity without locus standi to appropriate our common patrimony.

Stemming from the above, this matter of Zhongfu International Investment FXE should be treated the way Nigeria treated the P&ID case. There is no basis for negotiation.

I am ready to work with government agencies in any capacity to ensure that Zhongfu International Investment FXE, or any other entity, does not scam Nigeria.

Like every Nigerian, we are concerned that a purely business dispute between two Chinese nationals and corporations has now degenerated into an unlawful attempt to appropriate Nigeria’s sovereign assets.

This is unacceptable to all people of goodwill and must not be allowed to stand.

Senator lbikunle Amosun CON, FCA
Governor, Ogun State (2011-2019)
Senator, Ogun Central Senatorial District, (2003-2007 and 2019-2023)

Ex-Ogun Gov Amosun gives reasons for terminating OGFTZ contract with Chinese firm, Zhongfu

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Power Outage: Tegbe Gives Nigerians 72-Hour Timeline as FG Moves to Restore Electricity

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FG Targets 24-Hour Electricity in Lagos, Abuja, Kano, Others

Power Outage: Tegbe Gives Nigerians 72-Hour Timeline as FG Moves to Restore Electricity

 

ABUJA – Minister of Power, Joseph Tegbe, has assured Nigerians that electricity supply will begin to improve within the next 48 to 72 hours as the Federal Government intensifies efforts to address the challenges responsible for the recent power outages across parts of the country.

 

Tegbe gave the assurance in an update on the country’s power situation amid growing complaints from electricity consumers over prolonged blackouts, particularly in Lagos and the Federal Capital Territory.

 

The minister attributed the worsening electricity supply to a combination of planned maintenance at Egbin Power Station, inadequate gas supply to some thermal power plants and sabotage of critical transmission lines.

 

According to him, the challenges have reduced the volume of electricity available on the national grid, forcing grid operators to implement load shedding in some areas to manage the shortfall.

 

He explained that maintenance activities at Egbin Power Station, one of Nigeria’s major electricity-generating facilities, had contributed significantly to the reduction in power generation.

 

The minister also identified gas supply constraints affecting some thermal power stations as another factor responsible for the decline in electricity generation.

 

Tegbe further alleged that sabotage of key transmission lines had restricted the use of alternative routes for supplying electricity to some locations, particularly Lagos.

 

He said the Federal Government was working with relevant operators to address the challenges and restore the affected generating units in phases.

 

“My team and I are working to return the affected generating units to service in phases, with the first units coming back online within the next 48 to 72 hours.

 

“We are also working with operators to improve gas supply and accelerate repairs to the damaged infrastructure,” he said.

 

The minister acknowledged the hardship caused by the outages, noting that the disruptions had placed considerable pressure on households and businesses in the affected states.

 

He apologised to electricity consumers experiencing the interruptions and thanked them for their patience, promising to provide further updates as efforts to restore supply progress.

 

The latest assurance follows growing public complaints over worsening electricity supply, with residents and businesses in several locations struggling to cope with prolonged outages.

 

The power crisis has also triggered disagreements between the Transmission Company of Nigeria (TCN) and Ikeja Electric over the causes of recent supply interruptions.

 

While Ikeja Electric had cited grid instability in explaining its inability to meet electricity supply obligations to some Band A customers, TCN disputed the explanation, attributing the decline largely to inadequate gas supply and reduced electricity generation.

 

Tegbe had earlier directed TCN, the Nigerian Independent System Operator (NISO) and electricity distribution companies (DisCos) to address operational challenges contributing to the decline in power supply.

 

Nigerians will now be watching closely to see whether the promised improvement materialises within the 48-to-72-hour timeframe.

 

 

Power Outage: Tegbe Gives Nigerians 72-Hour Timeline as FG Moves to Restore Electricity

 

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NDLEA Arraigns Two Mexicans, Four Nigerians Over Secret Meth Lab in Oyo Forest

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NDLEA Arraigns Two Mexicans, Four Nigerians Over Secret Meth Lab in Oyo Forest

NDLEA Arraigns Two Mexicans, Four Nigerians Over Secret Meth Lab in Oyo Forest

The National Drug Law Enforcement Agency (NDLEA) has arraigned two Mexican nationals and four Nigerians before the Federal High Court in Ibadan, Oyo State, over their alleged involvement in the establishment and operation of a clandestine methamphetamine laboratory in the state.

The six defendants were arraigned before Justice Nkeonye Evelyn Maha on a four-count charge bordering on conspiracy, the establishment of an illegal drug laboratory and the unlawful transportation and distribution of chemicals intended for the production of methamphetamine, a highly addictive psychotropic substance.

The defendants were identified as 56-year-old Mexican national Jose Villa Ochoa; another Mexican, 40-year-old Carrera Loaiza Arturo; and four Nigerians, Maxwell Uche Nevoh, 30; Olatunji Yusuf, 37; Bankole Akeem Owolabi, 45; and Ganiu Monsiu, 43.

According to the NDLEA, Ochoa and the four Nigerian defendants were arrested on June 17, 2026, in a forested area of Tapa village, Ibarapa North Local Government Area of Oyo State, where operatives uncovered the clandestine laboratory.

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The second Mexican suspect, Arturo, was subsequently tracked down and arrested on August 19, 2026, while allegedly attempting to flee Nigeria through the Lagos airport.

The agency disclosed that the defendants were accused of conspiring to operate a drug trafficking organisation and establishing a secret laboratory for the production of methamphetamine between December 2025 and June 2026 at different locations in Lagos and Oyo states.

They were also accused of unlawfully transporting and distributing chemical substances for the manufacture of the prohibited drug, contrary to Section 20(1)(f) and punishable under Section 20(2)(a) of the NDLEA Act.

When the charges were read to them in a language they understood, all six defendants pleaded not guilty.

Following their pleas, Justice Maha ordered that they be remanded at the Correctional Centre in Ibadan pending the commencement of their trial.

The court subsequently fixed January 26, 27, 28 and 29, 2027, for the trial.

In a related development, the NDLEA disclosed that three other Mexican nationals and seven Nigerian collaborators arrested over the alleged operation of a similar clandestine methamphetamine laboratory in a forest hideout in Ogun State on May 16, 2026, had also been arraigned before a Federal High Court in Lagos.

The court reportedly rejected their bail application and ordered an accelerated hearing of the case.

The latest development underscores the NDLEA‘s ongoing efforts to dismantle suspected international drug trafficking networks and prevent Nigeria from becoming a hub for the illicit manufacture of dangerous narcotic substances.

The agency’s Director of Media and Advocacy, Femi Babafemi, announced the arraignment in a statement issued on Friday, November 6, 2026.

 

NDLEA Arraigns Two Mexicans, Four Nigerians Over Secret Meth Lab in Oyo Forest

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Tinubu’s Visit: One Feared Dead, Several Injured as APC Women’s Bus Collides With Security Vehicle in Uyo

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Tinubu’s Visit: One Feared Dead, Several Injured as APC Women’s Bus Collides With Security Vehicle in Uyo

 

UYO, Akwa Ibom State – A tragic road accident involving a bus conveying supporters of the All Progressives Congress (APC) has reportedly claimed one life and left several others injured in Uyo, Akwa Ibom State.

 

The accident occurred on Friday, November 6, when the bus, reportedly conveying APC women to participate in activities marking President Bola Ahmed Tinubu’s visit to the state, collided with a security vehicle along Oron Road.

 

The incident happened amid heightened security arrangements for the President’s visit to Akwa Ibom, where he was scheduled to commission several projects executed by Governor Umo Eno’s administration and attend political activities.

 

According to reports, the bus, identified as belonging to the Akwa Ibom State Transport Corporation (AKTC), was conveying the women towards the reception venue when it collided with a Toyota Hilux security vehicle.

 

The impact reportedly left the bus badly damaged, triggering panic as passers-by, motorists and security personnel rushed to assist the victims.

 

A video circulating on social media showed the wreckage of the bus at the accident scene, with people gathering around the damaged vehicle as rescue efforts continued.

 

The injured victims were reportedly evacuated and taken to hospitals in Uyo for medical attention.

 

The Guardian reported that one person had died in the accident, while several others sustained injuries. However, another local media report said no death had been confirmed as of the time of its publication.

 

The exact casualty figure and the identities of the victims had yet to be officially established.

 

The accident has raised concerns about the safety of transportation arrangements for political supporters mobilised to participate in high-profile presidential events.

 

President Tinubu arrived in Akwa Ibom on Friday as part of a two-state visit to Akwa Ibom and Rivers states. His itinerary included the inauguration of major infrastructure projects and engagement with political stakeholders.

 

As of the time of filing this report, further details about the circumstances surrounding the collision and the condition of the injured victims were still emerging.

 

 

Tinubu’s Visit: One Feared Dead, Several Injured as APC Women’s Bus Collides With Security Vehicle in Uyo

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