$15M Nigeria’s Arms Cash Seized By South Africa Released

south africa release 15m nigeria

Oct 25, 2014 – $15M Nigeria’s Weapon Money Seized By South Africa Released

The South African Ambassador to Nigeria, Lulu Mnguni, said in a news conference on Friday that the $15m earlier seized from some Nigerians by the South African Government had been released to Nigeria.

The South African Government had, on September 5, 2014, seized $9.3m cash belonging to Nigeria and a month later seized another $5.7m, claiming that both funds were to be used for illegal purchase of arms.

However, Nigeria’s National Security Adviser, Sambo Dasuki, said the transactions were legal, urging the South African Government to stop actions that could degenerate to a diplomatic showdown.

The South African Government on October 14, 2014 said it would return the money to Nigeria.