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Showing posts with label South African court okays seizure of Nigeria’s $9.3m.. Show all posts
Showing posts with label South African court okays seizure of Nigeria’s $9.3m.. Show all posts

Saturday, 20 September 2014

South African court okays seizure of Nigeria’s $9.3m

nigeria news

South Africa has seized the $9.3 million Nigerian cash flown abroad a private jet into its capital, Johannesburg, from Abuja early this month. Two Nigerians and an Israeli were travelling with the plane’s crew at the time the cash, which was not declared,  was found on the plane.South African security and Nigeria have launched an investigation into what transpired.The explanation from Nigeria that the money was meant for arms purchase for the Nigeria intelligence agencies, has been rejected by South Africa’s Asset Forfeiture Unit (AFU) and the National Prosecuting Authority of South Africa (NPA).The NPA, in a statement, according to online publication, said the manner in which the money was brought into the country breached the laws that deal with the transfer of foreign exchange of such proportion.

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