$245m Ponzi scheme: Nigeria Police arrests, repatriates suspect to China

The Nigeria Police Force, done the INTERPOL National Central Bureau, NCB, Abuja, has arrested and repatriated a Chinese fugitive, Xu Qing, backmost to China.

Qing is to look charges related to large-scale amerciable absorption of nationalist deposits done a Ponzi scheme.

A connection signed by DCP Anthony Okon Placid, Force Public Relations Officer
Force Headquarters, said the repatriation followed a ceremonial petition from Chinese authorities, who declared the fishy wanted successful Beijing for his alleged engagement successful a fiscal fraud strategy estimated astatine implicit $245 million.

The connection said that investigations revealed that the fishy fled China to Nigeria connected 5th November 2024 successful an effort to evade arrest, pursuing which a warrant was issued against him connected 12th November 2025 by the Shinan Sub-Bureau of Qingdao Public Security.

Placid said that acting connected quality and sustained surveillance operations, operatives of INTERPOL NCB Abuja successfully tracked and arrested the fugitive astatine a mill located successful Olowotedo, Siun Village, Obafemi Owode Local Government Area of Ogun State connected 24th April 2026 aft which the fishy was repatriated to the People’s Republic of China connected 28th April 2026 done bilateral constabulary practice arrangements to ...