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 after the cut...
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.Source: Citypress.co.za
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.
72 comments:
Shey na Nigeria abi na Niger or Algeria?
They will never change.....God is watching!
Another illegal transaction! You can imagine! It is well. James 4:7-8. BishopDammy#
Nigeria need that money back. Vote Linda Ikeji as the Most Active Blogger of the year. www.socialmediameritaward.com
Let them keep waisting Nigerian money.twitter/@dj_smartt
Not Yet again!
Madam linda abeg try to dey post my comment, I cherish ur blog. Oshe!. twitter/@dj_smartt
God will keep exposing u ppl 1 by 1. tina.agori@yahoo.com
Gobe! South AFRICA struggling to embarrass Nigeria since 1970.
Criminals....
Whats the next excuse now
Is it to fyt d haramites or to sponsor dem...
Please we nid a month concrete xplainations...
For the first tym in all my life, I havent been this disapointed in the federal govt....
From one saga to anoda
Na wa oh! Govt is trying to get arms to deal with Boko Haram n some idiots are trying to spoil it! I suspect America is behind it. God save us...
Ok o, all man to himsef. Dey sud kip looting n buyin arms so dey can 'share' more innocent blood. But diais God ooo
poor country,no matter what dem do nigeria go beter pass dem
When will we have enough of these Hullabaloo, Higi Haga and Gargantuan gaga of these illegal transactions of Millions of $.The level of poverty in this country is immeasurable still they keep getting us Discombobulated with these Saga. *irked*
As if I have a share in the money Abegi datz dia biz nt mine #onelovefromSnow#
So Nigeria cannot do anything legally, even buying arms to protect its citizens?!! Ha!!! Why will this GEJ government continue to rub our faces in the mud by their continuous endorsement of corrupt practices! Yet EFCC is busy bursting Hausa men and fishermen, while sh*t like this happens under the dollar stuffed nostrils!
South Africa stop looking for Nigerians trouble cos we are good @ payback. South Africans are corrupt as well unless you haven't been there.
As Many Planing To Shade Blood Come De Next Election,may God Frustrate Their Effort In Jesus Name,amen.
Hian! Ndi South anyi omere unu gini ozo. Shey Naija wont learn nw...
What kind of disgrace and embarrassment is this govt putting ds country through. ...we've completely lost value in the eyes of other countries. This is just so annoying. I guess they are gathering arms for 2015 or what?
Na wa o
See our life ooooo
Shake my head for this country...
Corruption so filled in the country it's spillin over to nearby countries
Another Money Laundering. Jonathan will never learn. Worst president ever!
Chai!!!! Dere is God ooo
dis long story does not concine me..even they recover the money they will not give me..mtcheew..Goldensarah9@yahoo.com.
okwa aruo na ndo erie na ndo
hmmmmmmmm my great country
OGECHI
ogechi230@gmail.com
Cool stuff
Nigeria for life,i love Nigeria bcos they Got A1 in corruption
Corruption has been part of us.
We can't do without embezzlement & money laundering.
These arm deal/ issue isn't real to me.
BORN TO SHINE!!!
what a country we live in
Imagine having all these Nigerian government officials offshore online bank info! Jesussssssssssssssssssssssssssssssss
I'll wire transfer to like 30 countries,before they trace everything....I don cash like 16!!!!
Noted.....Vote Linda Ikeji For MOST OUTSTANDING Blogger.......... akubuike1@yahoo.com
God help innocent Nigerians come 2015..!
Hmm...
*My R1.50c comment*
Very impressed with SA
Linda c wah yaaf cause baa? Tina@1:14 who asked you 4 email on ds one nw? Hehehehe!
#mynameisrex
Jacob Zuma, you know you are no saint when it comes to corruption abi? Kontunu... Diaries God o in everything we are doing.
Is this a ploy to save CAN president from disgrace? This one look so deliberate
Many things don happen in the space of a few months during this countdown to 2015 election. These corrupt leaders should take heed. Linda sha...I kept having this sweet thoughts about us. I will explain in details. BRB
Hahahaha.....seriiusly naija too funny. See as African countries dey insult una.....before Ghana insulted us indirectly by saying dey will giv us power, now SA...why must u loot money to dia country. Well u guys re just enriching dem. Keep looting money to dia country while dem keep confiscating it. Ndi ara naija
God expose them all.
So bcos dey r corrupt,dey sld make dier country a playground fr corruption? Mumu
Wat is cool hre? Dondi.
Jonathan and his cohorts...DarisGodo...#helpJobEmmanuel of star the winner is.
who are they pls, can someone tell us?
chai
'wasting'
Haba!!!
Wats all ds
Nigeria my country
Nigeria my country
God expose them all ooooooooooooOOOOoooo .......
Expose them all.
Expose them all.
To me, all these stories about wanting to buy arms is a ruse. When it comes to money laundering, there is nothing impossible. The Nigerians and the Israeli did not show up to collect this 5.7 million so as to split it with this arms shop(which actually never planned to supply arms but to help launder the money) after they were caught. The company developed cold feet and did the most rational thing to do. The company only planned to hold the money until the men came to collect it and give them their share.Who una wan deceive? Money launderers.
#bringbackourmoney.
O boy see grammar. 'Not yet again'..Gladys Odum pls tell me the name of the primary school u attended so as for other children not to make the mistake of attending same. Pls help Nigerian children..it's ur contribution to charity
After I look & check d whole issue b like say south Africa hand dey 4 boko matter. We re not that stupid of a country to fall 2 times Na
Why will a country like Nigeria have to procure arms illegally? We don't know. No one has bothered to issue an of if call statement explaining this debacle. The only thing we know is we have forfeited several millions of dollars to South Africa, a country bent on not losing to Nigeria when the next economic rebasing is done. Our seized $15m will help in that regard, surely. What we don't know is 'why' we have lost these monies. But the powerful morons know. They know.
The $1billion still remain
Watch out for any Russia transaction too anytime soon and the port for any container NIGERIA 1
This is absurd,is there no accountablity and due process in this country. Why deafening news keeps sprouting everyday, now we done enriching the likes of the Swiss our funds now fall in the hands of the "Madiba" worshippers. SMH.........
we need d arms ooo
Criminals..... God will be exposing them
Evil will only befall them and their entire house hold
God save naija from evil leadership
Someone's preparing 4 war
It still does not make sense to me. Why pay cash or go through the back door when its ok and simple dealing with the south African authorities or don,t they know what we are going through? Is it that they want to pay cash and inflate the cost? Why benefit from a crises situation.Afterall you get paid to import for the government.It is a shame.Nigeria as a country need to be born again. Yes the entire nation and like ebola, anyone that has had contact with her.
Capture d next deal, double pay
God save us ooo next year will be hot ooo
Capture d next deal, double pay
Y naija? Dere's God oo
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