Nigeria Police Repatriate Chinese Fugitive Over $245m Ponzi Scheme
Police said Xu Qing is accused of a $245 million Ponzi scheme that defrauded hundreds of investors and prompted a Chinese arrest warrant.
- On April 28, 2026, the Nigeria Police Force repatriated Chinese national Xu Qing to China following his arrest for an alleged $245 million Ponzi scheme involving illegal absorption of public deposits.
- Qing fled to Nigeria on November 5, 2024, to evade arrest after defrauding hundreds of investors; the Shinan Sub-Bureau of Qingdao Public Security issued an international warrant against him on November 12, 2025.
- Operatives from INTERPOL National Central Bureau Abuja tracked the fugitive to a factory in Olowotedo, Ogun State, arresting him on April 24, 2026, after sustained intelligence and surveillance operations.
- "He stole $245 million, fled to Nigeria, and believed he would evade justice. He was mistaken," said Aliyu Giwa, head of the New Media police unit, in a separate statement.
- Inspector-General of Police Olatunji Disu reaffirmed that Nigeria will not serve as a haven for fugitives, advising businesses to conduct thorough background checks on foreign nationals before employment.
17 Articles
17 Articles
$245m Ponzi scheme: Nigeria Police arrests, repatriates suspect to China
The Nigeria Police Force, through the INTERPOL National Central Bureau, NCB, Abuja, has arrested and repatriated a Chinese fugitive, Xu Qing, back to China. Qing is to face charges related to large-scale illegal absorption of public deposits through a Ponzi scheme. A statement signed by DCP Anthony Okon Placid, Force Public Relations Officer Force Headquarters, said the repatriation followed a formal request from Chinese authorities, who declare…
Nigeria police extradite Chinese suspect in $245 million fraud case
By Kingsley Omonobi The Nigeria Police Force, through the INTERPOL National Central Bureau (NCB) Abuja, has successfully arrested and repatriated a Chinese fugitive, Xu Qing, to the People’s Republic of China to face charges related to large-scale illegal absorption of public deposits through a Ponzi scheme. Force Public Relations Officer, DCP Anthony Okon Placid, said the repatriation followed “a formal request from Chinese authorities, who dec…
Nigeria Police, Arrest Repatriate Chinese Fugitive Wanted For $245Million Ponzi Scheme
The Nigeria Police Force has announced the arrest and repatriation of a Chinese national, Xu Qing, in connection with an alleged $245 million Ponzi scheme, marking a significant development in international law enforcement cooperation.
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