NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable
NGN/USD 1,540.20 ↓ 0.4% BRENT CRUDE $82.14 ↑ 1.2% NGX INDEX 99,240.50 ↑ 0.1% INFLATION 33.95% ↑ 1.8% MPR 26.25% stable

Government Business Archive

Government Business

Contract awards, MDAs, corruption, public expenditure, and state-linked commercial activity shaping the government business story.

Police extradite Chinese national linked to $245m Ponzi scheme

Corruption

Police extradite Chinese national linked to $245m Ponzi scheme

May 6, 2026 • By Yakubu Ibrahim

The Nigeria Police Force (NPF) has announced the arrest and repatriation of Xu Qing, a Chinese national wanted by authorities in China over an alleged Ponzi scheme linked to illegal…