South Africa releases Nigeria’s seized $15m

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dollarsThe government of South Africa, through its Ambassador to Nigeria, Lulu Mnguni, at a news conference on Friday announced 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 alleged 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.

According to Ambassador, Lulu Mnguni: “South Africa’s relations with Nigeria has come a long way, so now this actually will make us much closer, to see how we can close some of these gaps that result in such accidents,”. He concluded that the seizure of the funds was in no way related to the Synagogue collapse. Noting that further “South Africa’s relation with Nigeria is priceless; it cannot be sold for $15m”.

 

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