Police Repatriate Chinese Suspect Over $245m Ponzi Scheme Fraud
Pecohub The Nigeria Police Force has arrested and repatriated a Chinese national, Xu Qing, accused of orchestrating a $245 million Ponzi scheme fraud, back to his home country for prosecution.
The development was disclosed by the Nigeria Police Force on May 6 via its official X account, detailing the arrest and extradition carried out through its INTERPOL National Central Bureau (NCB) in Abuja.
Police said the suspect had fled from China to Nigeria in a bid to evade arrest, but was later tracked down by authorities following an international warrant issued against him.
Authorities explained that the repatriation was initiated after a formal request from Chinese officials, who declared Xu Qing wanted for his alleged role in a massive financial fraud scheme valued at over $245 million.
- “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.”
The police further stated that, acting on intelligence and sustained surveillance, operatives tracked and arrested the suspect at a factory in Ogun State before facilitating his return to China through bilateral cooperation arrangements.
The latest repatriation adds to a growing list of foreign nationals returned to their home countries over criminal activities linked to Nigeria.
In October 2025, the Economic and Financial Crimes Commission, in collaboration with the Nigerian Immigration Service and the Nigerian Correctional Service, deported 192 foreign nationals convicted of cyber-terrorism, internet fraud, and related offences in Lagos.
