Nigeria Police Repatriate Chinese National Over Alleged $245m Investment Fraud Case
- 14 hours ago
- 2 min read
The Nigeria Police Force has confirmed the arrest and handover of a Chinese national, Xu Qing, who is wanted in his home country over allegations linked to a large-scale investment fraud scheme valued at approximately $245 million.
According to police authorities, the operation was executed through the INTERPOL National Central Bureau in Abuja following a formal request from Chinese law enforcement agencies seeking assistance in locating and returning the suspect for prosecution.
Security sources disclosed that the suspect reportedly left China in late 2024 in an effort to avoid prosecution. His movements were subsequently monitored through coordinated intelligence sharing between Nigerian authorities and international policing partners. This collaboration eventually led to his detection in Ogun State.
Police operatives tracked him to a manufacturing facility located in the Obafemi Owode Local Government Area, where he was apprehended after weeks of surveillance. Following his arrest, procedures were initiated to verify his identity and process extradition arrangements in line with international law enforcement protocols.
He was subsequently transferred to Chinese authorities in April 2026 under bilateral security cooperation agreements between both countries. Officials emphasized that the transfer was conducted in accordance with established INTERPOL procedures governing cross-border criminal matters.
The Inspector-General of Police reiterated the agency’s commitment to international security partnerships aimed at combating financial crimes that cross national borders. He noted that Nigeria remains committed to ensuring that its territory is not exploited as a refuge for individuals fleeing prosecution in other jurisdictions.
He also advised businesses operating in Nigeria to strengthen background verification processes when engaging foreign partners or employees, stressing the importance of proper due diligence and regulatory compliance.
The police further stated that the case reflects ongoing efforts to strengthen global collaboration in tackling complex financial crimes, particularly those involving fraudulent investment schemes that affect multiple jurisdictions.
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