Another Secret Nigeria Arms Deal of $5.7 million seized in South Africa
The transaction news sparked
Nigerian and which also involve the private jet belonging to the head of the Christian
Nigerian and which also involve the private jet belonging to the head of the Christian
Association of Nigeria, CAN, Ayo Ortisejafor.
South Africa-based City Express sources reported that as the first deal, committee of 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 transaction
according to the paper in South Africa the new transaction $5.7 millioner, was between Cerberus Risk Solutions, an arms broker in Cape Town, and a company called Societe D’Equipments Internationaux, in Nigerian company based in Abuja. The deal 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 which was previously registered as a broker with the National Conventional Arms Control Committee (NCACC), but the registration was said to have 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.
Further more 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.
