Breaking

Nigeria Police Extradite Chinese Suspect Over $245m Ponzi Fraud

The Nigeria Police Force has extradited a Chinese national, Xu Qing, to the People’s Republic of China over his alleged involvement in a massive $245 million fraud scheme.

The operation was carried out by the INTERPOL National Central Bureau (NCB) in Abuja following a formal request from Chinese authorities, who had declared the suspect wanted in Beijing for orchestrating a large-scale Ponzi scheme involving illegal public deposits.

Force Public Relations Officer, DCP Anthony Okon Placid, confirmed the development in a statement issued on Wednesday. He disclosed that investigations revealed the suspect fled China to Nigeria on November 5, 2024, in a bid to evade arrest. A warrant was subsequently issued against him on November 12, 2025, by the Shinan Sub-Bureau of Qingdao Public Security.

Acting on intelligence and sustained surveillance, INTERPOL operatives tracked and apprehended Xu Qing at a factory in Olowotedo, Siun Village, within Obafemi Owode Local Government Area of Ogun State on April 24, 2026.

He was later repatriated to China on April 28, 2026, under bilateral police cooperation agreements to face prosecution.

Inspector-General of Police, IGP Olatunji Rilwan Disu, reiterated the force’s commitment to strengthening global collaboration in tackling transnational crimes. He also urged Nigerian businesses and employers to conduct proper background checks, including liaising with the police, before engaging foreign nationals.

The police emphasized that Nigeria will not serve as a refuge for individuals fleeing justice and remains dedicated to combating cross-border criminal activities.