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After seizing 3 presidential jets, Chinese firm targets Nigeria’s assets in eight countries

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After seizing 3 presidential jets, Chinese firm targets Nigeria's assets in eight countries
• Presidential Jets
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Zhongshan Fucheng Industrial Investment Co. Limited, the Chinese firm that got a court injunction to ground three presidential jets belonging to the Federal Government in Europe, has initiated plans to seize other Nigerian assets in the United Kingdom, United States of America and in six other countries, The PUNCH has learnt.

It was also learnt that the company had instituted legal proceedings in about eight jurisdictions globally, regarding the dispute.

The other countries include Belgium, Canada, France, Singapore and the British Virgin Islands, documents relating to the case, which were obtained by our correspondent, were revealed on Thursday.

This comes as the Federal Government vowed to protect its foreign assets from “predators.”

There has been serious controversy following reports that the Chinese company got judgement to ground three presidential jets belonging to the Federal Government.

In 2001, China and Nigeria signed a bilateral investment treaty aimed at promoting commercial investment between the two countries.

In 2007, Ogun State reportedly entered into a joint venture agreement with a Chinese company and another company to create the Ogun Guangdong Free Trade Zone Company. The Nigeria Export Processing Zones Authority, a Federal Government entity that oversees free-trade zones in Nigeria, then delegated control and operation of the free-trade zone to the company.

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In 2010, the Ogun Guangdong Free Trade Zone Company contracted with Zhongshan’s parent company to develop an industrial park in the free-trade zone. The goal was for Zhongshan’s parent company to develop the park and build factories in it for tenants to use.

In the first half of 2016, however, the agreement between both parties was terminated, leading to Zhongshan filing lawsuits in Nigerian federal and state courts seeking reinstatement of its contractual rights but the legal proceedings were discontinued in Spring 2018.

However, a French court, recently, authorised the seizure of three of Nigeria’s presidential jets, two of the jets – a Dassault Falcon 7X and a Boeing 737 – are part of Nigeria’s presidential air fleet that were recently put up for sale and the third, an Airbus 330 purchased by Nigeria, but not yet delivered.

Zhongshan had again dragged Ogun to court, where an independent arbitral tribunal, chaired by the former President of the UK Supreme Court, awarded the Chinese firm $74.5m compensation, which Ogun was yet to pay.

The court order prohibited Nigeria from moving or selling the presidential jets until the Chinese firm was paid the $74.5m by Ogun, its sub-national.

However, documents indicated that the Chinese company attempted to seize a jet being recovered by the country from Dan Etete as proceeds from fraudulent acts in Canada.

The Federal Government had tracked down and grounded the luxury private jet purchased by former petroleum minister, Etete, with some of the alleged proceeds of the notorious $1.3bn Malabu OPL245 oil deal.

“The goal is clear – that Mr Etete will avoid the seizure of an asset he got with stolen Nigerian money, with Zhongshan’s connivance.”

According to the documents, Zhongshan was originally engaged as a developer and manager of Fucheng Industrial Park but was asked to manage the facility after the government terminated the joint venture with CAI because it didn’t meet the necessary requirements.

The document claimed that the Ogun government cancelled the contract after it received a Diplomatic Note 1601 from the Economic and Commercial Section of the PRC Consulate in Lagos, alleging that Guangdong illegally held shares in China Africa Investment Limited, a state asset and that entity (New South Group) was the company properly entitled to manage OGFTZ.

The document read, “In 2007, the Ogun State Government, in partnership with the Guangdong province in China conceived and set up the Ogun Guangdong Free Trade Zone, which sits on 2,000 hectares in Igbesa, Ogun State.

“Ogun State signed a Joint Venture Agreement directly with China Guangdong Xinguang China-Africa Investment Limited representing Guangdong Province in the joint venture. OGFTZ houses several enterprises as well as subdevelopments, including one Fucheng Industrial Park, measuring 224 hectares. In 2010, OGFTZ contracted Zhongshan to develop and manage Fucheng Industrial Park.

“However, in 2012, Ogun State terminated the joint venture with CAI because CAI had not met obligations under the 2007 JVA. Ogun State then appointed Zhongshan as an interim manager of the Zone, since it was already managing Fucheng Industrial Park. In June 2012, Zhongshan assumed management control of a 51 per cent stake in CAI and subsequently signed another JVA with Ogun State Government in September 2013.”

It further stated that the company had been making efforts to enforce the tribunal award.

“As of August 2024, there are court proceedings in about eight jurisdictions of the world regarding this dispute.

“These include USA, UK, Belgium, Canada, France, and the British Virgin Islands. Till date, Zhongshan has not realised a single penny from the Award, and all signs indicate that Zhongshan is unlikely to do so anytime soon.”

It added that the company was still tracking the location of Nigerian assets abroad.

Meanwhile, a court document has revealed that the Chinese company was demanding compensation of $130.6m due to a breach of contract by reneging on terms between both parties to create the Ogun Guangdong Free Trade Zone.

The document obtained by our correspondent on Thursday, however, listed the Federal Government as the defendant because the direct agreement was between Nigeria and China and not with the company based on international treaty conditions.

The case filed at the United States District Court for the District of Columbia (No. 1:22-cv-00170) was argued April 22, 2024 and decided August 9, 2024 by Circuit Judges Millett, Katsas and Childs.

In presenting its argument, the company stated that Nigeria violated the Investment Treaty with China in five ways “by failing to provide Zhongshan with fair and equitable treatment, engaging in unreasonable discrimination, neglecting to protect Zhongshan, breaching the contract, and wrongfully expropriating investments without compensation.”

Giving details of the deal, the company said it invested millions of dollars and significant resources to develop and build infrastructure in the industrial park, including roads, utilities and opened services such as a hospital, hotel, supermarket, and bank.

By 2016, businesses had moved into the zone and Nigeria had collected approximately N160m in tax revenue from the free-trade zone.

It read, “In the first half of 2016, however, Ogun State terminated its agreements with Zhongshan. Ogun claimed that a different Chinese company was legally entitled to Zhongshan’s share of the free-trade zone and that Zhongshan had defrauded Ogun.

“Things continued to deteriorate. One Ogun official texted a Zhongshan executive, urging him ‘as a friend’ to ‘leave peacefully when there is opportunity to do so, and avoid forceful removal, complications and possible prosecution.’ The next month, Ogun issued an arrest warrant for two executives, alleging a ‘criminal breach of trust.’

“Nigerian federal police arrested one Zhongshan executive at gunpoint and held him for ten days. During that time, the police denied the executive food and water, beat him, intimidated him, and questioned him about the whereabouts of the other executive.

“Based on these findings, the arbitral tribunal found that Nigeria had breached its obligations under the Investment Treaty and that Zhongshan was entitled to $55.6m in compensation from Nigeria and $75,000 in moral damages, along with interest and legal and arbitral fees.”

Reacting, the Attorney General of the Federation and Minister of Justice, Lateef Fagbemi (SAN), said his office and that of the National Security Adviser have commenced legal and diplomatic moves to recover the three presidential aircraft seized by the Chinese firm.

This was contained in a statement by the Special Adviser to the President on Communication and Publicity, Office of the AGF, Kamarudeen Ogundele, on Thursday in Abuja.

The statement read, “On 14th August 2024, the Federal Government of Nigeria became aware of the interim attachment of three presidential aircraft undergoing routine maintenance in France. The said temporary attachment was made pursuant to exparte orders issued by the Judicial Court of Paris dated 7 March 2024 and 12 August 2024 respectively at the instance of Messrs. Zhongshan Fucheng Industrial Investment Co. Limited, a Chinese company seeking to enforce a Final Award granted in its favour on 26 March 2021, against one of Nigeria’s sub-nationals, Ogun State.

“It is to be noted that the arbitral award arose from an arbitration proceeding which commenced in 2018 as a fallout of a contractual dispute between the Chinese company and Ogun State Government over the operation and management of Ogun Guangdong Free Trade Zone.

“We wish to clarify that, though the dispute originated from engagements of the Ogun State Government, however, the consequential enforcement actions are being directed against the Federal Government and its assets in line with extant principles of international law, which holds that the actions of a subnational or local entity are attributable to the state or country itself.

“The offices of the National Security Adviser and the Attorney-General of the Federation have already set in motion both legal and diplomatic steps to ensure the discharge of the inappropriate orders against the aircrafts, which are covered by sovereign immunity.

“While, further actions are being put in place to resolve the entire dispute through available legal means, the firm position of the Federal Government remains that the aircraft in question are sovereign assets used solely for sovereign purposes and are therefore immune from attachment as Zhongshan has sought to do.”

Meanwhile, the Presidency, in a statement titled ‘Chinese company’s fraudulent attempt to strip Nigeria’s assets abroad’, on Thursday said the efforts by Zhongshan to take over the jets were fraudulent.

The Presidency argued that the use and nature of the jets as assets of a sovereign entity whose assets were protected by diplomatic immunity forbade any foreign court from issuing an order against them.

It said it is convinced that the Chinese company “misled” the Judicial Court of Paris regarding the use and nature of the assets it sought to attach and did not fully disclose to the court as required by law.

The statement, signed by the Special Adviser to the President on Information and Strategy, Mr. Bayo Onanuga, “The Presidency is aware of the various failed attempts by a Chinese company, Zhongshan Fucheng Industrial Investment Co. Limited, to take over offshore assets of the Federal Government of Nigeria through subterfuge.

“The Federal Government is not under any contractual obligation with the company. The case in which Zhongshan is trying to use every unorthodox means to strip our offshore assets is between the company and the Ogun State Government.”

Also, the Ogun State Government, on Thursday, faulted the judicial process that led to the provisional attachment of three Nigerian government-owned aircraft in France by the Judicial Court of Paris on March 7 and August 2, 2024.

In a statement signed by the Special Adviser to Governor Dapo Abiodun on Media and Strategy, Kayode Akinmade, the state government described the latest development as “the new antics by the Chinese company to appropriate Nigerian assets in foreign jurisdictions, as past efforts had continually failed.”

The statement described the legal process “as nothing but a total charade with fraudulent notion,” adding that the company deliberately concealed the litigation from both the Nigerian government and Ogun State, as well as their legal counsels before hurriedly securing orders of seizure.

The state government said the company must have misled the Judicial Court of Paris on the use and nature of the assets it sought to attach and not make full disclosure to the court as required by law.

The statement read, “On 14 August 2024, the attention of the Ogun State Government was drawn to the provisional attachment of three Nigerian government-owned aircraft in France by the Chinese company, Zhongshan Fucheng Industrial Investment Co. Ltd. (Zhongshan).

“Ogun State also learned of two orders of the Judicial Court of Paris dated 7 March 2024 and 12 August 2024 respectively, both obtained by Zhongshan without notice being duly given to the Federal Government of Nigeria, Ogun State or their legal counsel.

“This is the latest in a series of ill-advised attempts by Zhongshan to attach Nigerian-owned assets in foreign jurisdictions, none of which have to date led to the recovery of any sums from Nigeria.

“Each of the three aircraft is used solely for sovereign purposes and as such are immune from attachment under international and French laws.

“In obtaining the provisional attachments, Zhongshan deliberately withheld information from the Federal Government of Nigeria, Ogun State and their legal counsel.

“Just like the P&ID case, this is another unfortunate case of unscrupulous individuals masquerading as foreign investors with the sole aim of defrauding Ogun State and Nigeria.

“It should be recalled that the underlying contract between Ogun State and Zhongshan was executed in 2007, 12 years before the present administration, for the management of a free-trade zone. The parties entered into a dispute in 2015 with arbitration commencing in 2016.”

It added, “By 2019, when the current State Administration took office, the hearing at the arbitration had been all but concluded. The Arbitral Panel awarded over 60 million USD against the Federal Government of Nigeria (FGN) which was a co-Defendant, when all Zhongshan had done was to build a perimeter fence around the free-trade zone. Needless to say this was a bad/unfair decision.

“The present State Administration could not in all good conscience allow such an unconscionable and baseless decision, which would dissipate the commonwealth of the good people of Ogun State, to stand.

“Accordingly, and based on erudite legal advice, this Administration resolved to resist the enforcement of the award. The resistance was successful in eight different jurisdictions. Currently, there are pending appeals against recognition orders issued in both the US and UK,” the statement read. (The PUNCH)

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Workers crown Mbah Top Governor, Commend Security, Infrastructure, Welfare Reforms

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Governor of Enugu State, Dr. Peter Mbah, has been honoured with two major awards by organised labour, emerging as the “Most Labour-Friendly Governor” and “Best Performing Governor” in Nigeria.

The recognition came as thousands of workers across the state commended his administration’s sweeping reforms, security measures, infrastructural expansion, and improved welfare policies.

The recognitions were made on Friday at the Michael Okpara Square in Enugu during the 2026 Workers’ Day celebration, organised by the Nigeria Labour Congress (NLC) and the Trade Union Congress (TUC), which attracted a large turnout of workers from both the public and private sectors, gathered to mark the annual May Day and reflect on labour conditions in the country.

In his address, the NLC Chairman in the state, Comrade Fabian Nwigbo, said the honours were in recognition of Governor Mbah’s deliberate efforts to transform Enugu into a modern, secure, and worker-friendly state, noting that while insecurity and poverty remain major challenges across Nigeria, the governor had “changed the narrative” in Enugu through decisive leadership and targeted reforms.

Nwigbo highlighted key achievements of the administration, particularly the restoration of security, which he said has enabled workers to carry out their duties without fear.

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He pointed to the successful eradication of destructive sit-at-home orders and the deployment of real-time surveillance systems, which have significantly reduced crime and improved economic activity over the past few years.

Beyond security, the labour leader praised the governor’s expansive infrastructure drive, citing the construction of Smart Green Schools and Type-2 Primary Healthcare Centres in all 260 political wards, describing them as “enviable investments” in human capital development.

He also commended the ongoing road construction and rehabilitation projects across the state, saying they have improved connectivity and enhanced productivity.

On workers’ welfare, Nwigbo listed several landmark policies, including the implementation of an ₦80,000 minimum wage, above the national benchmark, payment of wage awards for 12 months, and the approval of a ₦32,000 minimum pension, stressing the settlement of pension arrears, regular promotions, and improved allowances for health workers as evidence of the administration’s labour-friendly posture.

Similarly, the TUC Chairman, Comrade Simeon Akaeme, applauded Mbah for what he described as “bold and pragmatic leadership” that has delivered tangible results across multiple sectors.

He stressed that the administration’s projects were not abstract but have directly impacted the lives of workers and residents.

Akaeme highlighted major infrastructure milestones, including the construction of a 40-kilometre dual carriageway linking Nkanu East, Isi-Uzo, and Udenu local government areas; the development of the 300-bed Enugu International Hospital for advanced medical care; and the completion of a 5,000-capacity International Conference Centre.

The labour leader also stated that the modernisation of public transportation through the rollout of CNG buses, the construction of state-of-the-art bus terminals, and the soon-to-be-rolled-out taxis have eased movement and reduced travel costs.

In the area of economic transformation, the TUC chairman commended the launch of Enugu Air, the revitalisation of key state assets such as Hotel Presidential and Niger Gas, and ongoing investments in tourism and agro-industrial development, including a 300,000-hectare land bank for smart farm estates across the 17 local government areas.

He further praised the government’s commitment to transparency and digitalisation, noting that reforms in revenue collection have boosted internally generated revenue without increasing the burden on citizens.

According to him, the deployment of a tech-driven security architecture has led to a significant reduction in violent crime and safe living.

Speaking earlier, the Commissioner for Labour, Employment and Productivity, Dr. Felix Nnamani, praised the governor for transforming the state’s civil service through digitisation and e-governance, noting that the reforms have improved efficiency, transparency, and service delivery.

He also commended the administration’s strong commitment to workers’ welfare, including prompt salary payments, regular promotions, and an enhanced minimum wage.

While urging workers to remain dedicated and expressing confidence that the administration’s policies would sustain growth and deliver long-term benefits for the people, Nnamani lauded Mbah’s strides in strengthening security and fostering accountability, insisting that the safer environment has boosted productivity and economic activities across the state.

Responding, Governor Mbah thanked workers for their support and reiterated his administration’s commitment to prioritising their welfare.

Mbah, who was represented by the Deputy Governor, Barr. Ifeanyi Ossai, described workers as the “engine room of government” and assured that all entitlements would continue to be treated as a first-line charge.

The governor emphasised that his administration’s reforms are driven by a people-first philosophy and pledged to sustain efforts to build a secure, prosperous, and inclusive economy.

He also called for greater collaboration, urging workers to provide data and feedback that would enable the government to address workplace challenges more effectively.

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May Day: Labour rejects FG’s growth claims, says economy favors 1% as millions suffer

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NLC President Joe Ajaero
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…says Nigeria is at ‘war’

*Declares Nigeria one of world’s most dangerous places to live

*Threatens to direct workers to stay at home over killings, kidnappings nationwide

In a sweeping, fiery, and deeply critical address that touched virtually every sector of national life, Nigeria’s organised labour on Thursday declared that the country is drifting toward a dangerous tipping point, warning of a collapsing social contract, a failing economy, and a worsening security crisis that could force workers off their jobs nationwide.

At the 2026 May Day celebration held at Eagle Square, Abuja, leaders of the Nigeria Labour Congress, NLC, and the Trade Union Congress of Nigeria, TUC, Joe Ajaero and Festus Osifo, delivered a joint speech that combined stark economic analysis, political warnings, and an unmistakable threat of mass action if conditions do not improve.

They described Nigeria as a nation where “poverty tightens its grip daily,” institutions are weakening, and citizens are increasingly left to fend for themselves in the face of violence and economic hardship.

Workers create wealth, live in poverty

Setting the tone early, labour leaders reminded the nation of the central role workers play in sustaining the economy, contrasting it sharply with their current condition.

They said: “Workers remain at the very heart of every industry, every economy, and every success story known to humanity. Without workers, no wheel can turn; without workers, no nation can be built.”

Yet, they lamented, those same workers “create immense wealth yet receive only a fraction of it,” enduring exploitation while “poverty tightens its grip around them.”

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They described Nigerian workers as people who “rise before dawn and return home at dusk, exhausted yet unbroken,” but increasingly unable to meet basic needs despite their efforts.

Growth without relief, reform without impact

Labour took direct aim at the government’s economic narrative, arguing that macroeconomic indicators have become disconnected from reality.

According to them; “We are told that GDP growth may reach about 3.6%… yet poverty continues to rise. We hear official inflation figures… but these numbers do not reflect the reality experienced daily by workers.”

NLC and TUC argued that Nigeria’s economic model has produced a distorted outcome, saying “Paper growth without jobs, stability without prosperity, and reform without relief.”

They insisted that the benefits of economic policies are being captured by a narrow elite, noting that “An economy that serves only the top 1% while leaving the 99% behind cannot be sustainable. Perhaps, it is working for the ultra-few 1% and not the 99% majority.”

Nation sliding deeper into poverty

Labour painted a bleak picture of living conditions across the country, citing data that shows poverty now affects about 65% of Nigerians — roughly 150 million people.

“Approximately 10,000 people are pushed into poverty every day,” they said, warning that deprivation has reached “alarming levels.”

They described overcrowded cities strained by rural displacement, rising food insecurity, and the re-emergence of diseases linked to extreme poverty in internally displaced persons camps.

“In these camps and communities, diseases such as Kwashiorkor, Craw-craw, and Marasmus are re-emerging,” they noted, calling it “a grim picture of a nation under severe strain.”

Minimum Wage: Labour draws the line

Against this backdrop, labour announced that negotiations for a new national minimum wage will begin in July 2026.
“We will commence the process early to avoid the painful delays of the past,” they said.
But beyond future negotiations, the unions demanded immediate intervention:
“We demand that from July of this year, every worker be paid 100% of his basic salary… to cushion the effects of the renewed crisis of survival. We demand a living wage, not a minimum wage.”

Nigeria is at War

On insecurity, labour delivered perhaps its most alarming assessment, declaring that Nigeria is effectively in a state of war.

“The scale of violence, the frequency of attacks, and the mounting loss of lives… place Nigeria among the most dangerous places to live on earth,” they said.

Rejecting the characterization of attacks as isolated incidents, they insisted: “It is not. It is a war against our people.”

They cited killings, bombings, and abductions across multiple states, noting that thousands have died and millions displaced.

“People are no longer safe in their homes, on the roads, or even in their workplaces. Daily life has become a gamble with fate”, they lamented.

Workers may stay at home

In a major escalation, labour warned that it may take the unprecedented step of directing workers to stay home if insecurity persists.

They said “Nigerian workers may no longer continue going to work with this level of insecurity. We may be forced to advise our members… to stay at home to avoid being kidnapped, abducted or killed.”

They stressed that such a decision would not be taken lightly but could become unavoidable if the situation does not improve.

“The safety of workers is non-negotiable,” they added.

Energy sector under fire

Labour also delivered a scathing critique of Nigeria’s power and oil sectors, describing them as symbols of policy failure and elite capture.

“Over a decade after privatisation, Nigerians have little to show but deepening darkness,” NLC and TUC said of the electricity sector.

They pointed out that despite over N10 trillion in public spending, power supply remains unreliable.

“What was promised as reform has become a burden,” they said, adding that consumers now pay more for less.

On fuel, they highlighted the paradox of an oil-rich nation unable to protect its citizens from price shocks.

“The contradiction is stark and disheartening,” they said.

Governance under scrutiny

Labour raised serious concerns about governance, accusing political leaders of being disconnected from the realities of ordinary Nigerians.

“When leaders seek better education abroad for their children while neglecting domestic schools… it raises fundamental questions about commitment,” they said.

They warned that governance risks becoming “an extractive enterprise” serving narrow interests rather than the public good.

Labour also criticized weakening democratic institutions, warning that the erosion of checks and balances threatens national stability.

A system that bleeds nation

The unions described corruption and illicit financial flows as one of the greatest threats to Nigeria’s future.

“This is not mere corruption; it is a system… one that bleeds the nation continuously,” they said.

They cited trillions lost to subsidy fraud and billions to illicit flows, arguing that such losses directly translate into poor services and low wages.

To confront this, they launched a nationwide campaign: “Stop the Bleeding. Every stolen Naira is a stolen future.”

2027 elections: Labour draws battle lines

Looking ahead, labour signaled a more assertive political role as the 2027 general elections approach.

“2027 will be different. No more will we be voting fodder”, they warned.

NLC and TUC vowed to support only candidates committed to workers’ welfare and national development.

“Those who have undermined workers’ rights cannot expect our support,” they said.

Despite the dire warnings, labour ended on a note of defiance and resolve, urging workers to recognize their collective power.

They said : “You are not victims. You are the engine of this nation. And engines do not beg; they move.”

They called for unity, organisation, and sustained action: “The change we seek will not come from elsewhere; it must come from us.”

Among others, NLC and TUC added: “Let this May Day mark the turning point; where Nigerian workers stopped asking and started demanding… Our nation can be saved! But only by us! Only together! Only now!” (Vanguard)

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Bandits kidnap Sokoto Deputy Governor’s relatives, others in fresh attack

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Over 100 peasants abducted as gunmen invade Zamfara communities
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At least eight residents, including relatives of Sokoto State Deputy Governor Idris Muhammad Gobir, have been reportedly kidnapped in Garin Idi village, Sabon Birni Local Government Area of Sokoto State.

According to eyewitness accounts, the attackers arrived around 1:00am on Thursday on about eight motorcycles, shooting sporadically as they invaded the community.

The gunfire forced residents to flee into nearby bushes and other safe areas to escape.

A local source told Daily Trust that the attackers operated freely in the village for nearly two hours without any immediate security intervention.

The resident described the incident as one of the most intense attacks the community has experienced, adding that fear has become a constant part of daily life.

Another witness said the assailants initially abducted about 30 people, mostly women and children, but later released some due to limited space on their motorcycles.

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Ultimately, they left with eight victims—three men and five women.

Those kidnapped were identified as Hassana Adare Maifata, Rabi Alhaji Ishaqa, Kwamuso Umar, Yar’aji Garba, Kabiru Alkasim, Sani Muazu, Jadi Alkasim (a patient), and a woman believed to be related to the deputy governor.

The attackers were also reported to have raided a phone charging shop in the village, stealing over 100 mobile phones, power banks, and about ₦40,000 in cash after the operator fled the scene.

Residents expressed deep concern over the worsening insecurity in the area, calling on authorities, including the deputy governor, to urgently intervene and strengthen security presence.

One resident lamented that despite their ties to the deputy governor, they feel abandoned in the face of repeated attacks, urging immediate action to prevent further incidents.

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