Zhongshan, the Chinese company whose export processing zone management contract was revoked by the Ogun State government in 2016, on Thursday said it is ready to settle with the Nigerian government.

The company disclosed this in a statement sent to PREMIUM TIMES on Thursday.

“Zhongshan has only ever sought to assert its rights under international law and is confident in its case. The independent arbitral panel was found unanimously in its favour, and courts in multiple countries have upheld the view that the panel’s compensation should be enforced. The French court was fully aware of the facts when it reached its decision.

“Far from being just a fence, the Ogun Free Trade Zone was featured as a significant international investment by the Economist Intelligence Unit.

“Zhongshan has for a long time been ready to enter serious negotiations with the federal government of Nigeria to settle this case and still awaits an indication that the government is equally willing,” the statement said.

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