Cash-For-Arms Deal: Transportation Of $9.3m in A Jet Looks Like A Classic Case Of Money Laundering–South Africa
Investigators in South Africa have dismissed Nigerian government’s explanations of the purpose of the $9.3 million cash seized from two Nigerians and an Israeli as “flawed and riddled with discrepancies”. The suspects told South African authorities that the money was meant for the procurement of arms for Nigerian intelligence agencies.
Although various explanations about the money were given to the investigating officer, these explanations were flawed and riddled with discrepancies,” the South African prosecution agency said in a statement sent to this newspaper.
The jet used to ferry the money is owned by Ayo Oritsejafor, who heads the Christian Association of Nigeria, CAN.