As Nigerians express anger over the seizure of the
country’s $5.7 million arms funds, barely three weeks after the confiscation of
$9.3 million also meant for a similar deal, the Federal Government has warned
South Africa not to do anything that will jeopardize security and put its
investment in Nigeria at risk.
The Nigerian government through a bank wired the
seized US$5.7 million to an arms dealer in South Africa.
South Africa’s Asset Forfeiture Unit of the National
Prosecuting Authority said the money, about N952 million, was the proceed of
illegal transactions, according to local paper, City Press.
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