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    Home → Crimes → Police arrest, repatriate chinese fugitive over $245m ponzi scheme
    Police arrest, repatriate chinese fugitive over $245m ponzi scheme

    Police arrest, repatriate chinese fugitive over $245m ponzi scheme

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    By Naija Daily News on May 7, 2026 Crimes, Trending
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    The Nigeria Police Force has arrested and repatriated a Chinese fugitive, Xu Qing, to the People’s Republic of China over his alleged involvement in a $245 million Ponzi scheme.

    The operation was carried out by the INTERPOL National Central Bureau in Abuja following a formal request from Chinese authorities, who had declared the suspect wanted in Beijing over allegations of large-scale illegal absorption of public deposits.

    Force Public Relations Officer, Olumuyiwa Adejobi—represented in the statement by Force spokesman Anthony Placid—disclosed this in a statement issued on Wednesday.

    According to the police, investigations revealed that Xu fled China to Nigeria on November 5, 2024, in an attempt to evade arrest, prompting the Shinan Sub-Bureau of Qingdao Public Security to issue a warrant for his arrest on November 12, 2025.

    The police said intelligence gathering and sustained surveillance by INTERPOL operatives led to the suspect’s arrest on April 24, 2026, at a factory in Olowotedo, Siun Village, Obafemi Owode Local Government Area of Ogun State.

    The statement said Xu was subsequently repatriated to China on April 28, 2026, through bilateral police cooperation arrangements to face prosecution over the alleged financial fraud.

    Reacting to the development, the Inspector-General of Police, Kayode Egbetokun, reaffirmed the commitment of the Nigeria Police Force to strengthening international collaboration in tackling transnational organised crime.

    He also urged Nigerian employers and business organisations to carry out proper due diligence, including police background checks, before engaging foreign nationals.

    The police said the force remains committed to combating transnational crime and ensuring that Nigeria does not serve as a safe haven for fugitives.

    Alleged Fraud Chinese National Interpol Police
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