Home|General|Nigeria says cash for arms seized in South Africa was ‘legitimate’
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by Reuters

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South Africa froze $5.7 million worth of funds that it had been alerted to as suspicious by Standard Bank, money which was purportedly to buy arms including 50 M-75 cannons and 200,000 rounds of ammunition.

The move followed the seizure last month of $9.3 million in cash from a private jet carrying two Nigerians and an Israeli.

Nigeria, which says it needs the arms to fight an Islamist insurgency raging in the northeast, said both payments were intended for deals between private companies procuring weapons for Nigerian forces.

South Africa’s National Prosecutor said in a statement on Tuesday that the latest seizure covered armaments considered ‘controlled items’, and the deal was being conducted without relevant permits.

Available: http://www.reuters.com/article/2014/10/08/us-nigeria-safrica-arms-idUSKCN0HX1ZM20141008?feedType=RSS&feedName=worldNews 

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