A Chinese national, Xu Qing, has been arrested and repatriated for allegedly masterminding a Ponzi scheme valued at more than $245 million in China, having earlier fled to Nigeria after committing the crime.
Penpushing reports that Public Relations Officer of Nigeria Police Force Anthony Placid made this known in a statement on Wednesday, explaining that the operation that led to the Chinese man’s arrest was carried out through the INTERPOL National Central Bureau (NCB) Abuja.
The statement added that this followed a formal request from Chinese authorities, who declared the suspect wanted in Beijing over allegations of large-scale illegal absorption of public deposits.
Penpushing further reports that he said investigations showed that Qing escaped from China to Nigeria on November 5, 2024, in what authorities described as an attempt to evade arrest after hundreds of investors were allegedly defrauded through the scheme, while a warrant for his arrest was later issued on November, 12 2025, by the Shinan Sub-Bureau of Qingdao Public Security.
The police spokesperson said that operatives of INTERPOL NCB Abuja launched sustained intelligence and surveillance operations that eventually traced the fugitive to a factory in Olowotedo, Siun Village, in Obafemi Owode Local Government Area, Ogun State.
“He was arrested on 24th April 2026 and repatriated to China on 28th April 2026 through bilateral police cooperation arrangements to face prosecution for the offences’, Placid stated.
Penpushing also reports that he explained that the alleged fraud involved the illegal collection of public deposits through deceptive investment schemes estimated at over $245 million.
The statement stated that the Inspector General of Police, Olatunji Disu, reaffirmed the commitment of the Nigeria Police Force to international collaboration against transnational organised crime, stressing that Nigeria would not serve as a refuge for fugitives.
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