The Nigeria Police Force says it has arrested and repatriated a Chinese national, Xu Qing, over an alleged $245 million Ponzi scheme.
According to police spokesperson Anthony Placid, the operation was carried out by the INTERPOL National Central Bureau Abuja following a request from Chinese authorities.
The suspect was declared wanted in Beijing over allegations of large-scale illegal public deposit schemes valued at more than $245 million.
Police said investigations showed that Xu Qing fled from China to Nigeria on November 5, 2024, to evade arrest after a warrant was issued by the Qingdao Public Security authorities.
Operatives reportedly tracked and arrested him on April 24, 2026, at a factory in Olowotedo, Siun Village, Obafemi Owode Local Government Area.
He was later repatriated to China on April 28 through bilateral police cooperation arrangements.
The police also said Olatunji Disu reaffirmed the force’s commitment to international cooperation against transnational crime and advised Nigerian businesses to carry out proper background checks before employing or partnering with foreign nationals.
