Home » News » South Africa Busts Another Secret Nigeria Arms Deal, Seizes $5.7 million

South Africa Busts Another Secret Nigeria Arms Deal, Seizes $5.7 million

image

South African authorities have confiscated yet another US$5.7 million arms money from Nigeria.

And this is happening nearly three weeks after seizing $9.3 million in cash transported by two Nigerians and an Israeli for arms purchase. A transaction that the news�sparked outrage in Nigeria after it emerged the private jet involved belonged to the head of the Christian Association of Nigeria, CAN, Ayo Ortisejafor.

South Africa-based City Express reports that as with the first deal, South Africa’s Asset Forfeiture Unit of the National Prosecuting Authority seized the $5.7 million (about N952 million) for allegedly being the proceeds of illegal transactions.

The latest transaction, according to the paper, was between Cerberus Risk Solutions, an arms broker in Cape Town, and Societe D’Equipments Internationaux, said to be a Nigerian company based in Abuja. The deal allegedly fell apart after Cerberus which had earlier received from Nigeria R60 million (N1.02 billion) in its� account at Standard Bank, tried to repay the money as it could not resolve its registration formalities with the South African authorities.
�Cerberus was previously registered as a broker with the National Conventional Arms Control Committee (NCACC), but the registration expired in May this year,” City Press said.
�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 paper reported.
The paper added that while the NPA’s Asset Forfeiture Unit subsequently obtained a court order in the South Gauteng High Court to seize the money, the NPA spokesperson Nathi Mncube, said there were no indications the two transactions were related.
�However, both are now the subject of a criminal investigation and all possible information and connections are being investigated,” Mr. Mncube was quoted as saying.



SFI Africa



NaijaVibe HoT DOWNLOAD
👇
NaijaVibe


NaijaVibe at 10 MixTape


TareeQ – Medicine


Leave a Reply

Your email address will not be published. Required fields are marked *

*