Nigeria Extradites Chinese Fugitive Over $245m Investment Fraud

ABUJA, Nigeria – The Nigeria Police Force confirms the arrest and extradition of a Chinese national accused of masterminding a $245 million Ponzi-style fraud scheme.

Authorities say Xu Qing was apprehended in Ogun State before being deported to China to face prosecution.

Police spokesperson Anthony Placid on Wednesday says the operation was coordinated through INTERPOL following a request from Chinese authorities.

Investigators allege the suspect fled China in 2024 to evade prosecution over unlawful public fund collection.

Operatives tracked him to a factory in Obafemi Owode Local Government Area, where he was arrested on April 24, 2026.

“The Nigeria Police Force remains committed to preventing Nigeria from becoming a refuge for international fugitives,” the statement says.

Inspector-General of Police Olatunji Disu urges Nigerian firms to conduct background checks on foreign nationals before employment or partnerships.

Authorities say the case highlights growing international cooperation against transnational organised crime and financial fraud.

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Mirian Gom

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Gom Mirian AHR Senior Correspondent, has over 8 years’ experience reporting on health, crime, education, investigations, and development issues across Nigeria and Africa. With dual degrees in Economics, she combines analytical skill with compelling storytelling. Widely recognised for her public health and humanitarian reporting, she earned a Nestlé Award nomination for compelling human-interest journalism. Follow her on Twitter @mirian_linus.

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