Chinese firm petitions Presidency over crisis with Ogun State Govt.

Chinese firm petitions Presidency over crisis with Ogun State Govt.

A Chinese firm, Zhongfu International Investment, operating at the Ogun State Free Trade Zone in Igbesa Town of the state has petitioned the Presidency to wade into the crisis between it and the Ogun State Government. The firm said the Ogun government wrongly sacked it from operating in the zone.

In the petition, signed by Jason Han‎, the Managing Director‎ of Zhongfu International Investments, the firm said it had invested huge amount into the project before the government replaced it with another one.

“I write this letter with sorrow and despair. In 2010 my firm, Zhongfu International Investments (Nig.) FZE (“ZIIN”) came to the Ogun Guangdong Free Trade Zone in Ogun State (the “Zone”) as an investor. The Zone was devoid of basic infrastructure for industry. We assisted the then manager (China-Africa Investment Co. Ltd. (“CAI”)) to stabilize the Zone by significant cash investment. By 2012 the project had failed and the Ogun State Government (the “OSG”)terminated the appointment of CAI,” Mr. Han said in the letter. Read more

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