The Nigeria Police Force (NPF), through the INTERPOL National Central Bureau (NCB) Abuja, has arrested and repatriated a Chinese fugitive, Xu Qing, over his alleged role in a staggering $245 million Ponzi scheme.
In a statement, the suspect—declared wanted by authorities in Beijing—is accused of masterminding a large-scale financial fraud involving the illegal absorption of public deposits valued at over $245 million.
Police investigations reveal that Xu Qing fled to Nigeria on November 5, 2024, in a bid to evade arrest. A warrant was subsequently issued on November 12, 2025, by the Shinan Sub-Bureau of the Qingdao Public Security Bureau.
Acting on credible intelligence and sustained surveillance, INTERPOL operatives in Abuja tracked the fugitive to a factory in Olowotedo, Siun Village, Obafemi Owode Local Government Area of Ogun State, where he was apprehended on April 24, 2026.
He was subsequently repatriated to the People’s Republic of China on April 28, 2026, under existing bilateral policing arrangements to face prosecution.
The Inspector-General of Police, IGP Olatunji Rilwan Disu, reaffirmed the Force’s resolve to deepen international cooperation in the fight against transnational organised crime, stressing that Nigeria will not serve as a sanctuary for financial criminals.
He further urged Nigerian businesses and employers to conduct thorough background checks, including police verification, before engaging foreign nationals.
