Extra

Chinese investors seize Nigeria’s guest houses in Liverpool, lists for sale on eBay— Report

A Chinese investment group is set to list two residential structures it confiscated from Nigeria for sale on global online marketplace eBay.

 

Peoples Gazette reports that the group is racing to recover up to $70 million in arbitration awards from the West Africa country.

 

According to the report, Zhongshang Fucheng Industrial Investment Ltd took possession of two buildings linked to the Nigerian government in Liverpool, United Kingdom, in June 2024, years after Nigeria failed to settle an arbitration judgement handed down in 2021.

 

The properties, 15, Aigburth Hall Road, Liverpool and Beech Lodge, 49, Calderstones Road, Liverpool, were targeted after a December 2021 British court order gave Zhongshang executives the power to seize Nigerian assets in the UK to retrieve the $70 million payment, which remained outstanding as of August 20, 2024, with two per cent monthly interest accruals.

 

Zhongshang was awarded $55,675,000 plus interest of $9,400,000 and costs of £2,864,445 as of the date of the arbitration verdict on March 26, 2021, court documents said…(continue reading on next slide)

 

 

Akanji Philip

Akanji Philip has been working as a reporter with VOICE AIR MEDIA, both onsite at the head office in Odi-Olowo, Osogbo, and remotely since 2021. He has covered events at notable political venues, involving prominent figures such as former Osun Governor Adegboyega Oyetola, current Osun State Governor Senator Isiaka Adetunji Adeleke, former Vice President Professor Yemi Osinbajo, the late Ondo Governor Rotimi Akeredolu, Oyo State Governor Seyi Makinde, and various other representatives and lawmakers. In addition, he has represented the company at various press conferences at police stations and has reported on occasions featuring entertainers and actors, such as Kola Oyewo during Oba-Ile Day in Osun State, among others. 📞 +2349058501092, +2348137827714 ✉️ akanjiphilips100@gmail.com

Recent Posts

Ekiti: APC Members in Ise/Orun Reject Alleged Endorsement of Toyin Okoro

News Update Members of the All Progressives Congress in Ise/Orun Local Government Area of Ekiti…

7 hours ago

Oyebamiji Awards Scholarships up to University level to Four Children of Osogbo Rainstorm Victim

..Family prays God grant APC victory in August 15 News Update Following the heavy rainstorms…

9 hours ago

Easter: Oyebamiji Celebrates Christians, Urges Continued Peaceful Coexistence

THE Governorship Candidate of All Progressives Congress APC in the forthcoming governorship election in Osun…

18 hours ago

Easter: Fayemi Urges Nigerians to Keep Hope Alive

As Christians commemorate the resurrection of Jesus Christ, the immediate past Governor of Ekiti State…

19 hours ago

Ekiti Marks World Autism Day with Awareness Walk, Trains Personnel on Screening

‎THE Ekiti State Government on Thursday stepped up efforts to promote inclusion and early intervention…

20 hours ago

Abuja roadside birth as mentally challenged woman delivers

The Federal Capital Territory Police Command has rescued an unidentified mentally challenged woman who delivered…

2 days ago