Seized Presidential Assets: Tinubu Jets Out To China With Stop Over in UAE

The New Diplomat
Writer

Ad

$4.5bn: Court Admits More Evidence Against Emefiele

Justice Rahman Oshodi of the Special Offences Court sitting in Ikeja, Lagos, on October 9,2025, admitted more evidence against a former Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, in an alleged $4.5bn fraud. Emefiele is standing trial on a 19-count charge bordering on receiving gratification and corrupt demand preferred against him by…

NEITI Warns of Deepening Transparency Crisis, Says Nigeria Lost $3.3bn to Oil theft, Sabotage

By Obinna Uballa Nigeria lost an estimated 13.5 million barrels of crude oil valued at $3.3 billion to theft and pipeline sabotage between 2023 and 2024, the Nigeria Extractive Industries Transparency Initiative (NEITI) has revealed. Executive Secretary of NEITI, Dr. Ogbonnaya Orji, disclosed this on Thursday at the 2025 Association of Energy Correspondents of Nigeria…

Oil Eases over 1.5% after Gaza ceasefire

Summary Israel and Hamas agree to Gaza ceasefire, return of hostages US oil product supplied highest since December 2022, EIA says Stalled peace talks in Ukraine underpin prices Oil prices edged slightly lower on Thursday after Israel and the Palestinian militant group Hamas signed an agreement to cease fire in Gaza. Brent crude futures were…

Ad

By Abiola Olawale

President Bola Ahmed Tinubu is set to jet out of Abuja for Beijing, China, on Thursday, August 29, on an official visit.

This was disclosed in a statement issued by the Special Adviser to the President on Media and Publicity, Ajuri Ngelale.

Ngelale, in the statement, also revealed that Tinubu will have a brief layover in the United Arab Emirates.

According to the statement, Tinubu is expected to have a bilateral meeting with his Chinese counterpart, President Xi Jinping. Also, the President is scheduled to hold meetings with Chinese business leaders on the sidelines of the Forum on China-Africa Cooperation.

The New Diplomat reports that this is coming amid a flurry of seizures of Nigerian assets by a Chinese firm, Zhongshan Fucheng Industrial Investment Co. Limited.

It would be recalled that a French court had recently ruled in favour of the firm and granted the seizure of presidential jets belonging to the Nigerian government over a business dispute with Ogun State, a subnational within the Nigerian federation.

Ad

Unlocking Opportunities in the Gulf of Guinea during UNGA80
X whatsapp