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Police Arrest, Repatriate $245m Ponzi Scheme Fugitive To China

Nkechi Eze by Nkechi Eze
May 6, 2026
in News, security
Reading Time: 2 mins read
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Police Arrest, Repatriate $245m Ponzi Scheme Fugitive To China
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By Nkechi Eze

The Nigeria Police Force, through the INTERPOL National Central Bureau (NCB), Abuja, has arrested and repatriated a Chinese fugitive, Xu Qing, to the People’s Republic of China over allegations of involvement in a Ponzi scheme involving illegal public deposits estimated at $245 million.

In an official signed statement, the Force Public Relations Officer, DCP Anthony Placid, disclosed that the operation followed a formal request from Chinese authorities who declared the suspect wanted in Beijing for financial fraud.

He said the suspect fled China to Nigeria on November 5, 2024, in a bid to evade arrest, following a warrant issued against him on November 12, 2025, by the Shinan Sub-Bureau of the Qingdao Public Security.

Acting on intelligence-led surveillance, operatives of INTERPOL NCB Abuja tracked and arrested Xu Qing at a factory located in Olowotedo, Siun Village, Obafemi Owode Local Government Area of Ogun State on April 24, 2026. He was subsequently repatriated to China on April 28, 2026, through bilateral police cooperation arrangements to face prosecution.

The Inspector-General of Police, Olatunji Disu, reaffirmed the commitment of the Nigeria Police Force to strengthening international cooperation in combating transnational organised crime.

He also advised Nigerian employers and business entities to conduct due diligence, including background checks through security agencies, before engaging foreign nationals.

The Force reiterated its resolve to ensure Nigeria does not serve as a safe haven for fugitives while sustaining collaboration with global law enforcement agencies.

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