Two years after, South Africa set to return Nigeria's $15m

dimeji akinloye

July 19, 2016 8:35 AM

The repatriation of the money was believed to have stalled due to thorough investigations carried out to determine the source and purpose of the funds

AGF Malami says the federal government cannot release Dasuki because the allegation against him is a matter of public interest.

Two years after the South African Revenue Service seized Nigerias $15 million meant for arms purchase at Lanseria Airport in Johannesburg, its government is set to return the money.

The South African Secretary for Defence and Military Veterans, Dr. Sam Gulube, confirmed this in Abuja on Monday, July 18, while answering questions from newsmen after the opening ceremony of the Nigeria-South Africa Defence Industry inaugural seminar.

The repatriation of the money was believed to have stalled due to thorough investigations carried out to determine the source and purpose of the funds.

But Gulube clarified that the “issue had been settled.”

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He said South Africa will evolve a legal framework with Nigeria to avert a situation where the Federal Government’s funds for arms are seized in future.

dimeji akinloye