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Monday 6 October 2014
Nigeria Arms Deal South Africa Seizes Another N.9 Billion
Authorities in South Africa have reportedly
squashed another arms deal involving Nigeria
after seizing the sum of $5.7 million
(N936,338,816.66)
Barely a month after apprehending 2 Nigerians
and an Israeli, who were carrying $9.3 million
in cash aboard a private jet » , South African
authorities have again intercepted funds meant
for an arms deal involving Nigeria, City Press
reports.
The sum of $5.7 million (N936,338,816.66) is said
to have been seized by the Asset Forfeiture Unit
of the National Prosecuting Authority (NPA) in
SA.
The report » reads:
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.
The previous arms deal involved a jet belonging
to the President of the Christian Association of
Nigeria » , Ayo Oritsejafor.
Nigerian authorities reportedly defended the deal
by saying that the arrangement was necessary
because the US wouldn’t permit the purchase of
arms in the proper way. The US has since denied
this allegation.
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