South Africa has said it is almost concluding the process for the return of Nigeria’s seized $15 million arms fund.
The country equally said it will evolve a legal framework with Nigeria to avert a situation where such funds are seized in the future.
The South African Secretary for Defence and Military Veterans, Dr. Sam Gulube, said this while fielding questions from journalists shortly after the opening ceremony of the Nigeria-South Africa Defence Industry inaugural seminar on Monday in Abuja.
The South African Revenue Service seized Nigeria’s $15 million meant for arms purchase at Lanseria Airport, north-west of Johannesburg, on September 5, 2014.
Gulube, who led South Africa’s delegation to the seminar, said: “The issue has been settled, but to avoid a future recurrence, I would hold a discussion with my counterparts and look into the legal framework to ensure that seizure of funds doesn’t recur.”
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