Another Us$5.7 million seized in south africa

This story is just so suspicious, is it not just three weeks after South African
authorities seized a private jet in
Johannesburg which transported $9.3million
in cash packed in several suitcases for arms
purchase, they have yet again confiscated
another US$5.7 million arms deal money from
Nigeria, South Africa-based City Express
reports.
According to the report, the $5.7 million (about
N952 million), alleged to be proceeds of illegal
transactions, was seized by the South Africa’s
Asset Forfeiture Unit of the National
Prosecuting Authority.
The transaction was said to be between
Cerberus Risk Solutions, an arms broker in
Cape Town, and Societe D’Equipments
Internationaux, a Nigerian company based in
Abuja.
However, the deal fell apart after Cerberus
which had earlier received R60 million (N1.02
billion) from Nigeria in its account at Standard
Bank, tried to repay the money as it could not
resolve its registration formalities with the
South African authorities.
The bank became suspicious after Cerberus
tried to pay the money back to the Nigerian
company.
The report said the NPA’s Asset Forfeiture Unit
subsequently obtained a court order in the
South Gauteng High Court to seize the money
but the NPA spokesperson Nathi Mncube, said
there were no indications the two transactions
(the first deal of $9.3million and the latest)
were related.
Mr. Mncube was quoted as saying: “However,
both are now the subject of a criminal
investigation and all possible information and
connections are being investigated .”
Under South African laws, a person entering or
leaving the country is expected to carry cash
not exceeding US$2,300, or the equivalent in
foreign currency notes
The news of the first transaction was trailed
by controversy in Nigeria as the Nigerian
government claimed it was behind the arms
deal and had acted out of desperation for arms
to defeat Boko Haram.
After it emerged that the private jet involved
belonged to the head of the Christian
Association of Nigeria, CAN, Ayo Ortisejafor ,
the clergy man came under serious attack and
criticism.
Responding to reports that the private jet
belonged to him, Oritsejafor, who is a close
ally of President Goodluck Jonathan, said the
plane had been leased to a third party and he
could not be blamed for its schedules. Stay tuned for upcoming details

Comments

Post a Comment

Posts you may like

Iphone 8 specs, features, price

Image
Today’s the day that the new iPhone 8 and iPhone 8 Plus are in stores across the world. The iPhone 8 isn’t the exciting new Apple product this fall — that honor is reserved for the forthcoming iPhone X — but it is the new, mainstream iPhone that m illions of people will be buying this year and next. You already know what the iPhone 8 looks like — it’s just like the last three generations of iPhones, but with a glass back. That glass back enables one new feature, wireless charging, and it makes the phone a little more comfortable to hold and a lot less slippery than its predecessors. Otherwise, the iPhone 8 is the traditionalist iPhone, complete with a 16:9 screen in either 4.7-inch or 5.5-inch sizes, a home button with TouchID, and a single or dual rear camera. There are a number of other new features under the hood, so we’ve rounded up all of our coverage on the iPhone 8 and 8 Plus here for easy reference. Be sure to also check out our iOS 11 review and a few pointers on how to
Read more

Pdp adamant, Apc planning one party state

Abuja - The People’s Democratic Party (PDP) has stood by its statement that the All Progressives Congress (APC) is plotting to impose a one-party system in the country. Richard Ihediwa, Special Assistant to the National Publicity Secretary, said they are aware of plot by the APC in the past few weeks in luring and encouraging some members of PDP to issue derogatory statements against the leadership of the party. “We are aware that as part of the plot, the APC in the past few weeks, has been luring and encouraging some of our members to issue derogatory statements against the leadership of our party. While some of their accomplices have openly decamped, we know that others have been instructed to stay back and cause crisis within our ranks,” Ihediwa said. The party added that the APC had engaged in violence and instigating crisis in states where they lost elections all in the bid to impose a one-party system in the country. The party noted that the APC Nationa
Read more

67 S’Africans Died In Building Collapse – President Zuma

Image
Following the collapse building of the Synagogue Church of All Nations, SCOAN in Ikotun area of Lagos on Friday, September 12, sixty seven South Africans are reportedly among the worshippers that died. South African President, Jacob Zuma According to Vanguard, the President of South Africa, Jacob Zuma announced this in a statement on Tuesday. President Zuma said: “I am greatly saddened to announce that 67 South Africans died and scores of others sustained injuries, after a building at the Synagogue Church of All Nations collapsed on Friday, 12 September 2014, in Lagos, in the Federal Republic of Nigeria. “ ”This is a particularly difficult time for South Africa. Not in the recent history of our country have we had this large number of our people die in one incident outside the country. “Our thoughts are with the families, friends and colleagues that have lost their loved ones in this heart-breaking tragedy. “The whole nation shares the pain of the mothers, fathe
Read more