Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / NewStats: 3,148,853 members, 7,802,736 topics. Date: Friday, 19 April 2024 at 08:19 PM |
Nairaland Forum / Nairaland / General / Politics / Foreign Affairs / South Africa Seizes Nigeria's $5.7m In Another Secret Arms Deal Bust (603 Views)
Dubai Police Bust Nigerian Gang Involved In Armed Robbery / China Is World's Fifth Arms Exporter / Lehman Bros bust! Merrill Lynch taken over. What now for the Elections? (2) (3) (4)
(1) (Reply)
South Africa Seizes Nigeria's $5.7m In Another Secret Arms Deal Bust by princealbashir: 1:33pm On Oct 06, 2014 |
Three weeks after South African government seized $ 9.3million allegedly belonging to the Nigerian government, they have once again confiscated $5.7million arms money from Nigeria. According to South African newspaper City Press, the 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. See the full report below... From City Press 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. City Press’ sister paper Rapport has learnt that the department for offences against the state in the Special Investigating Unit is also involved. Documents in the newspaper’s possession show that the earlier consignment was approved by the Nigerian government – that country’s national security adviser personally issued the end-user certificate for the transaction. An entire “shopping list” was supplied with the certificate, which included everything from helicopters to unmanned aircraft, rockets and ammunition. Sources close to the investigation said the latest transaction was between Cerberus Risk Solutions, an arms broker in Cape Town, and Societe D’Equipments Internationaux, a Nigerian company in Abuja. An impeccable source said this company paid the R60 million into Cerberus’ account at Standard Bank. Cerberus was previously registered as a broker with the National Conventional Arms Control Committee (NCACC), but the registration expired in May this year. The marketing and contracting permits also expired at the same time. The company has since applied for re-registration, but the application lay in the NCACC’s mailbox for more than two months. Sources told Rapport that Cerberus apparently tried to pay the money back to the Nigerian company, after which the bank became suspicious. The NPA’s Asset Forfeiture Unit subsequently obtained a court order in the South Gauteng High Court to seize the money. Cerberus’ attorney, Martin Hood, this week declined to comment on the matter. 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. Source: Citypress.co.za
|
(1) (Reply)
NATO Approves Air Defense Package For Turkey / Obama Just Said Something None Of Us Expected / The Text Messages That Led To 'el Chapo'
(Go Up)
Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health religion celebs tv-movies music-radio literature webmasters programming techmarket Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 9 |