A Chinese firm named Zhongshan Fucheng Industrial Investment Ltd has finalised repossession of a luxury jet owned by Nigeria in Canada.

This comes days after the company confiscated the country’s guest houses in Liverpool, United Kingdom in its bid to recover up to $70 million in arbitration awards from the West Africa country.

Hub 247 News gathered that the firm recently received a change of custodian paperwork for the Bombardier 6000 type BD-700-1A10 aircraft from Canadian authorities in Montreal, months after a Canadian court issued a judgement that empowered Zhongchang to seize the jet from Nigeria.

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“The court granted orders for Zhongshang to seize the plane earlier this year, but the change of custody from Nigeria to Zhongshang was only recently concluded.

Zhongshang will not stop seizing Nigeria’s assets worldwide until the last cent of the arbitration awards has been paid,” a source told the news outlet.