Chinese Firm Seizes, Sets To Sell Nigeria’s UK Assets

A Chinese investment group, Zhongshang Fucheng Industrial Investment Ltd, is swiftly moving to recover up to $70 million in arbitration awards from Nigeria, with plans to sell two confiscated residential properties on the global online marketplace eBay, according to Peoples Gazette. In June 2024, Zhongshang seized the two buildings, located in Liverpool, United Kingdom, after … Continue reading Chinese Firm Seizes, Sets To Sell Nigeria’s UK Assets