South Africa Seize Another $5.7million arms money From Nigeria

South Africa Seize  Another $5.7million arms money From Nigeria
Just three weeks back, the South African government had seized $9.3million that allegedly belonging to the Nigerian government, according to City Press, the government has a confiscated another $5.7million arms money from Nigeria.

This money was seized by South Africa’s Asset Forfeiture Unit of the National Prosecuting Authority for allegedly being the proceeds of illegal transactions and even shared some documents.

The report said:
“The Asset Forfeiture Unit of the National Prosecuting Authority (NPA) has seized $5.7 million (R64 million) for yet another arms deal between South Africa and Nigeria.

“This is the second multimillion-rand arms deal between the two countries in the past month that has resulted in the money being frozen in South African banks.

“Last month, R103 million in $100 bills stashed in suitcases was seized at Lanseria Airport, north of Joburg.
“The money was frozen in both cases for allegedly being the proceeds of illegal transactions.

“An entire “shopping list” was supplied with the certificate, which included everything from helicopters to unmanned aircraft, rockets and ammunition.

NPA spokesperson Nathi Mncube said there were no indications that the two transactions were related.
“However, both are now the subject of a criminal investigation and all possible information and connections are being investigated,” said Mncube.


5 years ago