South Africa seizes another $5.7m Nigeria’s arms deal

South African authorities have seized another US$5.7 million arms money from Nigeria, just three weeks after the $9.3 million cash transported by two Nigerians and an Israeli for arms purchase, South Africa-based City Express reported Monday.

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 paper said.

The news came more than two weeks after two Nigerians and an Israeli national were arrested in South Africa after they attempted to smuggle US$9.3 million apparently meant for buying arms for the Nigerian intelligence service.

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.

The money was frozen in both cases for allegedly being the proceeds of illegal transactions.

About Don Saint

PR Guru / Author / Promoter / Controversial Writer / Hip Hop Artiste / Actor / Human Rights Activist. The First Nigerian Hip Hop Artiste to obtain a Masters Degree (M.A) in Arts ( Religion & Human Relations). The author of one of the most controversial books in Nigeria; "Emancipation from Masturbation". With over 12 Movies and 3 Musical albums since 2003. Former Events Manager at Silverbird’s Rhythm Fm Awka Station till 2010. For more info. Call : 08033239298.

One Response to “South Africa seizes another $5.7m Nigeria’s arms deal”

  1. Money laundering!

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