Nigeria Police Force spokesman, a Deputy Commissioner of Police (DCP), Anthony Okon Placid, said that the Force has arrested and repatriated a $245 million Ponzi scheme suspect to China.
Placid explained that the NPF, through the INTERPOL National Central Bureau (NCB) Abuja, successfully arrested and repatriated fugitive Xu Qing to face charges related to large-scale illegal absorption of public deposits through a Ponzi scheme.
Placid said: “The repatriation followed a formal request from Chinese authorities, who declared the suspect wanted in Beijing for his alleged involvement in a financial fraud scheme estimated at over Two Hundred and Forty-Five Million United States Dollars ($245,000,000).
“Investigations revealed that the suspect fled China to Nigeria on 5th November 2024 in an attempt to evade arrest, following which a warrant was issued against him on 12th November 2025 by the Shinan Sub-Bureau of Qingdao Public Security.”
He further disclosed that, acting on intelligence and sustained surveillance operations, operatives of INTERPOL NCB Abuja successfully tracked and arrested the fugitive at a factory located in Olowotedo, Siun Village, Obafemi Owode Local Government Area of Ogun State on 24th April 2026 after which the suspect was repatriated to the People’s Republic of China on 28th April 2026 through bilateral police cooperation arrangements to face prosecution for the offences.
“The Inspector-General of Police, IGP Olatunji Rilwan Disu, has reaffirmed the commitment of the Nigeria Police Force to strengthening international cooperation in the fight against transnational organised crime,” Placid Stated.
He stressed that the IGP further advised Nigerian employers and business entities to conduct due diligence, including background checks through the police, before engaging foreign nationals in business or employment relationships.
He added: “The Nigeria Police Force remains resolute in its commitment to combating transnational crime and ensuring that Nigeria does not serve as a haven for fugitives.”
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