Seized $9.3million: Outrage as Nigerian govt. flouts own anti-money laundering laws

Apart from breaching South African laws, the Nigerian government violated a number of key anti-money laundering laws in its botched attempt to buy arms and military equipment from South Africa with $9.3 million cash stacked in suitcases.

Two Nigerians and an Israeli were arrested at the Lanseria Airport in South Africa on September 5, 2014 as they tried to enter the country with the cash conveyed in a private jet owned by the President of the Christian Association of Nigeria, CAN, Ayo Oritsejafor.

Nigerian officials said the suspects were carrying out a “legitimate” transaction to procure arms for the country’s military, and that South Africa had been given receipts and documents to prove the authenticity of the deal.

South African investigators have faulted the claims, and last week, obtained a court order freezing the money. The Nigerian government’s explanation was “flawed and riddled with discrepancies”, they said.
An analysis of the deal shows how the Nigerian authorities, in choosing to procure arms with a huge sum in cash, blatantly flouted two important laws enacted to combat money laundering.

Section 2 of the Money Laundering (Prohibition) Act, 2011 clearly pegged the cash transfer allowed into a foreign country at $10,000 or its equivalent. The law stipulates that any cash transfer exceeding that limit must be reported to the central Bank of Nigeria, CBN, the Security and Exchange Commission, or the Economic Financial Crime Commission, EFCC within 7 days from the date of the transaction.

The law also requires transportation of cash exceeding the limit be declared to the Nigerian Customs Service.

Section 2 (5) of the act states that anyone caught flouting the law by failing to declare such transfer or making a false declaration could risk being jailed for up to two years as well paying a fine of up to 25 percent of the undeclared or falsely declared fund upon conviction.

Similarly, Section 12 (b) of the Foreign Exchange (Monitoring Miscellaneous Provision) Act stipulates that “foreign currency in excess of US $5,000 or its equivalent, whether being imported into or exported out of Nigeria, shall be declared on the prescribed form for reasons of statistics only.”

Further, Section 25 of the same law requires any international cash transfer exceeding $10,000 or its equivalent to be reported to the Central Bank.

Lawyers and civil society activists have come hard on the government for claiming ownership of the money which they say was taken out of the country in a manner that suggests reasons other than the purchase of arms.

They say shipping the money out of the country is in wanton violation of its own laws and that the government is making a mockery of its anti-money laundering policy.

“This is clearly a very bad example of how to make policy and break them at the end,” said Monday Ubani, the Chairman of Ikeja branch of Nigeria Bar Association.

Mr. Ubani says the fact that related government agencies are avoiding claiming responsibility for the money is sign that the money could not have been meant for something legitimate contrary to the government’s claim.

“Even if you want to buy arms and ammunition there are still procedures and processes. This was shrouded in secrecy. As I speak to you, no agency has claimed responsibility of knowing how this amount of money was sent abroad for purchase of arm and ammunition,” he said.

Mr. Ubani said the ease at which the money was taken out of the country suggests that the process had been tried before and could well be the method stolen money is taken out of the country.

“This is an example of how the money that should be used to better the lives of Nigerians is being stolen and shipped away. What other example can you ask for? This is a clear indication of how our money is being stolen by those in authorities.”

In a similar vein, a rights activist, Shehu Sani, said the matter should not be treated with kid gloves. He added that the explanation proffered by the government lacks credibility and called on the National Assembly to immediately commence an investigation as to how the money was taken out of country and what it was really meant for.

“This is very serious issue that needs to be investigated. The explanation given by the government doesn’t hold water. It doesn’t make any sense. There is nowhere in the world where such huge sum of money is moved in an airplane for the purpose of a legitimate business,” he said.

“There are three issues: The first being that whose money is it and who made the payment? Is it the Ministry of Defence, the Police or it is the Presidency? Secondly is that it was the money appropriated by the National assembly? And thirdly, the manner the money is being shipped out is a clear violation of the money laundering act. I think these are issues that need to be investigated by the National assembly,” he added.

Also Lagos-based lawyer, Jiti Ogunye, said the government’s account is a slap in the face of the country’s anti-money laundering laws. He said the government’s explanation is faulty. According to him if the government was carrying out a legitimate business it need not do it in a clandestine manner. He added that that the botched South African deal has all the markings of money laundering.

“This act has happen in clear violation of all our laws governing international business transactions.

“If you are going to buy arms for the fight against Boko Haram, the fight against Boko haram is not a hidden thing. It is something that the AU is supporting. It is something that ECOWAS is supporting; it is a fight that the international committee is supporting so why would you do it in a clandestine manner. Why can’t you wire the money through government channels? The fact that they are offering this jejune and absurd explanation in support of the gross violation of our laws is despicable.

“This is a clear case of money laundering perpetrated by people inside the Federal government of Nigeria and so people have to be held accountable.”

He said the national Assembly should prevail on the President Goodluck Jonathan to hand over those responsible for the transaction. He said if the president fails to do this, he should be held responsible and impeachment proceeding should be initiated against him.
On Thursday, the Senate said it has summoned military chiefs and the National Security Adviser, NSA, Sambo Dasuki, to explain the transfer of the huge amount in cash.


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  • Rogbodiyan

    “Nigeria is no longer a country. It is not a country where people can live
    to survive. Nigeria is a place ruled by criminals and thieves,
    as well as by those who believe in plundering and looting.”

    …….. Mbazulike Amaechi
    (Nigeria’s first Minister of Aviation)

    [September 14th, 2014]

    • Tunsj

      He got that right. “Ruled by criminal and thieves”.

  • Chris1408

    If Jonathan is not impeached over this incident, then there’s something definitely wrong with Nigeria government. This is top level money laundering. Nigerians are patiently waiting for NASS to do something about it. Knowing that we practice LOOTUCRAZY, NASS will rubber stamp it as usual. Na dem dem

    • Tunsj

      Well said. But I bet you that nobody will do anything about it because Nigerians are timid. The people in power in Abuja, the courts and Nigerians will brush it aside. We are still waiting for the $20 billion missing. People know that they are suffering and they will still vote for GEJ in 2015. Nigeria is doomed.

      • Chris1408

        Very sad, they keep doing it because they can get away with it. $20 billion is enough to build a well equipped hospital in every state in Nigeria. But that will be too good for the average Nigerian. Nobody is talking about the $20 billion anymore.

        • Tunsj

          You are right my brother. The press are not doing their job. They ought to be talking about the $20 billion everyday,

      • concerned9ja

        No one never voted for these looters. In any case, your votes don’t count because they would always rig.

        • Tunsj

          Agree.

    • concerned9ja

      Which NASS? The one led by David Mark? Forget it o. Village assembly is even more proactive than this coupling of collaborators. Even, if Jonathan sold the whole of 9ja, this NASS would turn blind eye all in the name of not rocking the bone. The solution is that you and I should make our votes count next year by throwing out these leaders of perdition. We should sensitise Nigerians on the need to shame these robbers and the need to guard such votes jealously.

  • john66

    This is just little of the lawlessness/impunity going on in Nigeria. This year alone a good chunk of the monies set aside for capital projects are channeled into private pockets for election campaigns, election supports, and for private use. Only those who are close to those at the top can have a share. I then ask myself is Mr President aware of all these corrupt activities, if NO then it means the citizens are more informed than him, but if yes it means complete failure on his part.

    • Lanre

      Jonathan should be considered a criminal. All Nigerian former leaders included. If I am wrong, let any of them openly declare his assets, held directly or indirectly. Let any of them account for the properties they own from homes, houses, investment properties, cash on/at hand and in bank. None of them will be acquitted in a competent court of law. The situation with the Dead Country called Nigeria is that everyone is waiting for his turn. Ask Reuben Abati.

  • Owo

    This is soo sad! It’s na impeachable offence. AUTHORITY stealing!!! National Assembly should investige and do the needful. Prosterity will judge all of us

    • MUHAMMAD BULAMA GANA

      Tnk u OWO…..This is a clear evidence for the president to be impeached.Upper and Lower house do your job. NOW or NEVER, bcos prosperity will judge you as collaborators.

  • tuco

    If na Jonathan and his government, you never see anything yet. Gov’t of looting.

  • Spoken word

    The nigerian government are the biggest breakers of nigerian laws.these people are willing to rob this country blind,they are not too far away from this objective.

    • redeem

      yes u said Nigerian government——–not jonathan

  • BlackieUmukoro

    Where is the Minister of Defense, one General Gusau (Rtd) is he still in this govt or has shipped out

    • endingNaija

      broda BlackieUmu -make yu call Pastor Oritsejafor for phone make e tell us now. Sebi Pastor go know-abi? Anyways dis na “small: money now. Abi wetin dey do dis people sef broda?

      • BlackieUmukoro

        Na who dey import arms for boko haram. All the arms captured from them are branded in Islamic signs and symbols, meaning ….. Sent from my BlackBerry wireless device from MTN

        • endingNaija

          me I dey talk about di $9.3m wey Pastor Oritsejafor help una carry go South Africa. Na dat one me I dey talk. Na i make me tink say if yu call Pastor e fit no where Gusau dey. abi wetin yu tink o jare. No be $9.3m we dey talk? I go laaafu tire broad Umu!

          • BlackieUmukoro

            Na weekend yarn, which one make you dey vex
            Sent from my BlackBerry wireless device from MTN

          • endingNaija

            vex ke? Me I no fit vex. Why I go vex when dis people wey dey talk about dis UNA “small” OIL money-$9.3m no know wetin dem talk? Me na laaafu I dey laafu becos I dey kampe dey look how una go untie dis ting wey tie una wey una don enter for South Africa. I beg wetin Oga Presido Jonaweed dey talk about dis ting? Wetin yu hear for Aso Rock bro Umu? I hear say Aso Rock quiet small. Na so? wetin yu hear, read or see bro?

          • BlackieUmukoro

            Abeg, moni when nor reach two billion, at worst maybe, N1.6 billion naira, na him people dey hala about. Some governors security vote and national assembly members, constituency funds pass that one, million times. Give me another gist jare Sent from my BlackBerry wireless device from MTN

          • endingNaija

            Na im we dey talk now. Dis one no even reach di one wey Mrs. OIL Diezani Alison-Madueke STOLE and KEPT for president Jonathan-abi wetin dis people dey talk sef? No mind dem jare bro Umu. Dem no get work. Dem dey jealous UNA OIL!

          • BlackieUmukoro

            Na wa for you oo. Which one diezeni thief again. Shebi senate say nothing loss Sent from my BlackBerry wireless device from MTN

          • redeem

            ask shekau–about the where about of gusau————-both are fulanis

          • endingNaija

            bro redeem but na $9.3m wey Pastor Oritsejafor and President Jonathan carry go South Africa we dey talk about. And since your bro BlackieUmu ask where Gusau dey , na im I come talk say na Pastor go know. I no talk more dan dat ooooo bro redeem,. So no vex. Dis na “small: money for una now. abi wetin?

      • redeem

        not up to what buhari ati abacha stole sha

        • endingNaija

          eh ehn ehn but President Jonathan ati Pastor Oritsejafor STOLE THIS ONE. abi?

  • endingNaija

    Broda Redeem ati broda BlackieUmukoro ati broda TAN ( TAN-President Jonathan’s campaign organization) I beg make una no mind dis busy body people o jare. Dem no know say na UNA OIL ati UNA FIT DO ANYTHING WITH UNA OIL, una fit do anything una want with una oil even for South Africa. Abi wetin sef be dis “small” $9.3m wey Oritsejafor ati Oga President Goodluck Jonathan wan chop? Dis people sef. Dem no know say dis na “SMALL” money beside di one wey Madam Oli Diezani Alison-Madueke dey keep for Oga President Goodluck Jonathan? Dis Naija people sef. Make una go sit down o jare. Broda BlackieUmu-abi no be UNA OIL? Sebi UNA fit do ANYTHING una want including VIOLATING di LAWS of anoda country-South Africa? Eh eh now. Tell dem broda redeeem make dis people go sidon! I dey laaafu oooo for Una!

    • redeem

      compared to what abacha did with buhari—which again led him buhari to give abacha a clean bill of health

      • endingNaija

        BUT na dis one, dis $9.3m we dey TALK ABOUT NOW. How can Pastor Oritsejafor and President Jonathan collaborate to steal and violate other country’s law? Too bad redeem. Or what do you think?

  • Tomisin

    Suffering and smiling, am sorry for Nigeria there is no future talk less of talking about bright or not bright future

    • redeem

      did your suffering start with the discovery of oil in 1957

      • Guguru

        paid blogger. LOL

  • Scalywag

    #BRINGBACKOUR$40bn. This is how they have been shipping out the $40bn bit by bit, using the private jet of the one who said ‘El-Rufai has been insulting Jesus Christ’ as if Jesus appointed him to fight those who insult Him. He has conveniently forgotten that Jesus whipped those who were gambling in the temple, an act akin to what the Ortsejafors of nigerian christendom have been doing to Christianity

    • redeem

      did the so called 40 come out of the south west–north east———————————-its from the SS.—————–yr own portion in life is poverty unlimited for your zone

  • WillPower

    Dear Editor:

    Lt.General Aliyu Gusau (rtd) has just deserved earned himself a place in criminal court docket.
    He can’t set up ignorance as alibi on this money-laundering case disguised as defence contract.
    This case will decide the status of President Goodluck Jonathan and his cabinet of cheerleaders.
    A country where the president can just pack millions of dollars into a jute bag, at will, and ship it out,
    is not a democracy, but instead, will be seen in the international community as a criminal colony of thieves.

    • Deremi Thanni

      Ha, ha, ha. Very funny. But what led him into Jonathan’s government in the first place?
      It is greed, nothing else. His hungry mouth now trapped in international moneylaundering.
      Ha, ha, ha. Greed is a bad thing. It demeans people. It puts people in trouble, just like this.

      • redeem

        Gusau is fulani–the insurgents are fulanis—the government has already told u about their frustrations with regards to the purchase of arms————-what beats my imagination is why Jonathan hired gusau and dasuki——tjhe informnatuion about the deal was leaked by gusau and dasuki———————

        • checkmate

          Maybe Jonaharam, Ihejerikriminal and Oletsejafor have transformed to fulani, abi?

  • Gbolahan Obadimeji

    Any similarity or difference btw this govt and Abacha regime?

    • Chris1408

      Not really, but GEJ administration is a lot worse. GEJ is not presidential at all, whenever he opens his mouth, disgrace comes pouring out. At least Abacha hardly spoke, so no record to show for his. Other world leaders probably see GEJ as a joke, thus Nigeria.

      • redeem

        how presidential was abacha——————–ati buhari———————–who said abcha never stole a dime

        • Chris1408

          That’s exactly why he’s being compared to your alligator mouth kleptomaniac. Keep on eating crumbs from him and defending him. Starvation abounds. I said a prayer yesterday. I’m still waiting for your “AMEN”

    • endingNaija

      None my brother. That is why President Jonathan ati Madam coordinating minister for economy-Mrs Iweala returned the Abacha loot to back to Gumsu ati Mohammed Abacha!

      • redeem

        Monkey thought by now u must hast have read enough to enable to understand how Mohamed abacha sanctioned the transfer of the the money his father and Bhuhari stole—————-

        • endingNaija

          why you come vex? Haba! Na wa o. I just agreed -like you know- that there is no difference between Sani Abacha and President Jonathan. Why? Corruption. And because President Jonathan knows that the Sani Abacha is his model he returned the corrupt legacy -the money Abacha stole to his children Gumsu ati Mohammed. Abi? Is that not true? So why yu vex?

    • redeem

      u forgot to mention Obj———————————-yr brother who was caught with 250,000 dollars

      • endingNaija

        I no talk say make yu no talk about OBj. Talk about am well well. But TODAY, NOW NOW, we dey talk about $9.3m wey Pastor Oritsejafor ati President Jonathan carry GO South African ILLEGALLY. Where dem get dat kind money from? Why dem CARRY AM GO illegally go South Africa? Wetin dem wan take am do? Na im be di BIG QUESTION of the HOUR. Answer bro redeem ati bro BlackieUmu. Yu fit give your yahooyahoo boys and girls money make your yahooyahoo boys and girls for Internet cafes make dem help you answer this question too! Me? I go laaafu tire for obodo Naija. Luck don run against una ati una oil money. God don catch una for dis one. We go see how una -PDP ati President Jonathan-go wash body komot dis one!

  • Gbo_lee

    Abati and co are still thinking on the next joke of a defense to come up with. The reality is before Nigerians,this government is shipping out money unaccountable to anybody and still claiming it to be legitimate? By the way why was it Oritsejafor’s jet? Our government Ran out of jets? The country is watching really. Fact is Jonathan if responsible should not even seek reelection with all these negatives for his administration

    • redeem

      How much was Obasanjo caught with in the USA—————————————–while dancing with Andy Uba———-well may be there was no such law in existence when Andy Uba was arrested by US Customs officials with $250,000

  • Dr Pat Kolawole Awosan

    President Ebele Jonathan is an unashamed president who is proud to be very deeply corrupt-ridden and very imprudent with Nigerian public financial resources.S9.3 million dollars seized by South African custom and with the South African court of law sanctioning the seizure,Nigerian public keeps loosing more and Nigerian public vital infrastructures decaying more and things getting worse for Nigerians.
    If Ebele Jonathan should succeed in getting re-elected Nigerians suffering and impoverishment would double and deepen for four more critical years again.But i know Jehovah almighty,Jehovah jireh and Jehovah ninsi would not abandone Nigerian people in the hands of the merciless,ruthless,heartless and corrupt-ridden president Ebele Jonathan for another four harrowing term in Nigeria presidency in Jesus name..

    • Comfortkay

      Amen, Amin ni oruko Jesu.

      • redeem

        happily Nigerians do not yearn for drug addicts to rule them from APC

        • Comfortkay

          You will never be Redeem in the name of Jesus and Say Amen to that .

    • Chris1408

      If the opposition and Nigerians let him come back, they will remember when rice and Omo were considered “essential commodity or scare commodity”.

      • redeem

        the person who introduced the era of essential commodities is with APC————malam buhari

        • Chris1408

          Wrong answer son, you’re probably not born yet. Ask daddy or mommy to tell you about it. Fyi, I don’t care about Buhari either, he’s had his time. We need new hands.

    • redeem

      A senior member of the European Parliament, Franz Obermayr MEP, has accused the Opposition All Progressive’s Congress (APC) of channeling European Parliament financial aid to Boko Haram in the North East of Nigeria, and called on the European Commission to investigate alleged concerns over the party’s financial and political allegiance with the terror group.

      The Nigerian Times learnt exclusively that Franz Obermayr, of Austrian Freedom Party, currently the most popular political party in Austria, made the statements in a press release issued on 16 September and covered widely by the European press.

      The Nigerian Times also learnt that Obermayr has been working closely with Stand for Peace, a Muslim-Jewish interfaith organisation dedicated to countering extremism and promoting social and religious cohesion. Oberamyr has also called on EU election observers to closely scrutinise the links between the APC and Boko Haram in the run up to the 2015 presidential election.

      He said: “In Nigeria’s case, a large proportion of the subsidies from Brussels are used in the north of the country. The federal states of Borno, Yobe and Adamawa in the extreme north-east of the country are precisely the areas in which Boko Haram’s campaign of terror is largely tolerated by the authorities. The aforementioned sub-republics are governed by the All Progressive Congress (APC)” Nigeria is not about the Yorubas–ati Fulanis

      • Guguru

        Redeem the paid blogger. Try so hard? LOL!

    • Sword of Damocles

      Amen!!!!!!!

    • Guguru

      Amen!!!

  • redeem

    Until Jonathan sacks dasuki and gusua these rubbish will never end

    • Chris1408

      Both were previously fired, who brought them back? The drunk clueless one. Your pay master you defend vehemently. Things got worse since he brought them back and promoted Badeh. You still think he’s not “Clueless”.

    • Zarto Ali

      AGREED, GUSAU SHOULD BE ASHAMED OF HIMSELF,. HE ACHIEVED NOTHING AND SPOIL ALL THE REPUTATIONS HE MIGHT HAD.

  • redeem

    A senior member of the European Parliament, Franz Obermayr MEP, has accused the Opposition All Progressive’s Congress (APC) of channeling European Parliament financial aid to Boko Haram in the North East of Nigeria, and called on the European Commission to investigate alleged concerns over the party’s financial and political allegiance with the terror group.

    The Nigerian Times learnt exclusively that Franz Obermayr, of Austrian Freedom Party, currently the most popular political party in Austria, made the statements in a press release issued on 16 September and covered widely by the European press.

    The Nigerian Times also learnt that Obermayr has been working closely with Stand for Peace, a Muslim-Jewish interfaith organisation dedicated to countering extremism and promoting social and religious cohesion. Oberamyr has also called on EU election observers to closely scrutinise the links between the APC and Boko Haram in the run up to the 2015 presidential election.

    He said: “In Nigeria’s case, a large proportion of the subsidies from Brussels are used in the north of the country. The federal states of Borno, Yobe and Adamawa in the extreme north-east of the country are precisely the areas in which Boko Haram’s campaign of terror is largely tolerated by the authorities. The aforementioned sub-republics are governed by the All Progressive Congress (APC)”

    • Ayodeji

      Animal called redeem or Wendell simlin you are trying to cause confusion on this forum through UNFOUNDED ALLEGATIONS. Know this: Your days are numbered.

    • Richard

      Everyone knows the desperation of the PDP led government to cover up its inadequacies and deficiencies . Being an MP does not confer the authority to speak on behalf of the government of the country. The example of US congress man Jefferson of New Orleans who is currently serving jail term is a good . Nigerian government sent this politician to jail. I am pretty sure that Franz Obermayr of Austria will soon be on his way to jail because he must have been bribed by the Nigerian government to vomit the rubbish that came from his mouth. Let them deal with their so called illegal arms deal with South Africa government . The Ebola patient in the name of Redeem who has turned himself to the defendant of Jonathan should also deal with it and stop his propaganda .

  • Wähala

    Dumbo is a wetback, a crude thug. That day Oritsejafor bought himself a private jet was the moment he started ferrying our stolen $20bn out of the country, this is only the tip of the iced mountain, bottom line is mega-corruption that will make James Ibori a saint. The only reason those Nigerians arrested with the Jew (Eyal Masike) have no names till date is bcos they’re Dumbo’s sycophants. That’s where the mosquito has petched on his slimy balls… the US will pressure the Zulus into trying the money launderers and the ensuing tornado will reveal fowl nyash. Even impunity has territorial boundaries… flying in tons of stolen dollars into another man’s land in violation of everybody’s law means the case is out of Adoke ati Muktar’s jurisdiction. The Senate can invite a battalion of goons and David Mark can rubber-stamp their yeye resolutions, dat na dia bizness, the criminal prosecution for graft that will inevitable follow in SA will put shame to NASS faces and ridicule Nigeria just like the Ogidigbodigbo of Africa did… dodged 770 bullets in Nigerian criminal Justice system, only to plead guilty as sin to just three in the UK. Fake pastor Olejafor has finally misled Dumbo… everything has an end! Hahaha chei… wey Deri redeemer?

    • redeem

      Deri d Redeemer is with Andy Uba–trying to settle an issue Uba had with the US customs during the Obj era——–told it has to do with some $250,000 obj kept with Uba for his drug supplies————————–while on a visit to the US————-are u aware of it———————————————————get in touch once u are able to obtain more information on the issue——-concerning efforts by Uba to front for Obj——–ati atiku

      • bash

        That is why this drunker connived with another thief to smuggled money, so that the the account will balance. God will continue to expose them.

  • redeem

    Buying up all the media houses and waving millions under the nostrils of under-paid journalists cannot hide the fact that Baba- Tinubu- would have been ashamed of his readiness to compromise every decency to ascend the throne.–at aso rock as the VP to his party—armed with the stench of hard drugs all over his body- Awolowo we all know maintained a consistent commitment to the farmers and other workers by providing an escape route for their children through education, the owl is obviously only interested in making more and more money from any state that falls prey to his party through excruciating taxes and levies. When he came for votes as a senator in those days, he could not be described as a millionaire. Now he is richer than Osun state but would not spare that state his merciless taxation machinery. Not APC with a debt profuile of over 600b-in Lagos alone————
    Can anyone who has read the history books imagine Awolowo being amenable to desperado manoeuvres like attempting to worm his way to the office of Vice President by negotiating a deal that requires the wannabe Vice President signing a resignation letter before the election as Tinubu did with Ribadu?

    • chiedoziee harrimann

      Politics…you spent a reasonable amount of time to write n edit your comment, all for nothing. I’m not against you trying to feed ur family, but at least refrain from fowling Tinubu, APC for every nonsense your Principal indulges in. Be civil.

    • Chris1408

      Comparing what Tinubu achieved as a governor in Lagos to what GEJ achieved as governor in Bayelsa. I’ll take Tinubu presidency over GEJ anytime any day. What’s GEJ legacy in Bayelsa and as president of Nigeria? Please stop supporting mediocrity.

    • wole

      Very good analysis bro but why don’t u also explain ur govts involvement in this $9.3m deal rather than talk about something else…lol

  • Henry

    May God purnish you this guy called Redeem…May you and your generation never be redeemed. Would you try to cover up sensitive issues of national importance with your use fabricated stories in an attempt to sweep the calamities befalling your Dunbo GEJ govt and his flamboyant crook religious friend (Ayo Oritsejafor? pple like you are the reasons why Nigeria remains debased and degraded around the world. Useless and jobless pple.

    • redeem

      happily my people do not ferry hard drugs around———-the globe———like Tinubu—————-those languishing in prisons all over the world are not from the SS—————————–or related to Zonathan——————-

    • redeem

      do not worry we shall soon ban him like punch————-yipeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee——————–We are unable to post your comment because you have been blocked by The Punch. <a target="_blank"

    • kammykazee

      A very big, colossus AMEN to that prayer.

  • Peter Irene

    This Government is extorting N5,000 each from all prospective Corpers and one of the reasons is lean purse of the Government Agency. Yet these money’s are been stolen in billions by our Leaders with impunity.

    • redeem

      when we said NYSC was of not use to the nation u say
      naaaaaaaaaaaaaaaaaaaaaaaaaaa because of my awooooooooooooooooooof oil revenue——-u dey thief no be so

  • Olutola

    I wish Nigerians will just unite and do what folks overseas do. you dont have to like a party in opposition but as long as you are not satisfied with the status quo, you vote against the incumbent. We will worry about APC later, let us first get rid of PDP.

  • redeem

    WHEN the Australian negotiator, Dr Stephen Davis, alleged that an unnamed top official of the Central Bank of Nigeria (CBN) was among the sponsors of the Boko Haram insurgency in Nigeria many people took his words with a pinch of salt as he had also named a former Chief of Army Staff, retired Lt Gen Azubuike Ihejirika, and former Governor Ali Modu Sheriff.

    Nigeria’s Nobel Laureate, Professor Wole Soyinka, has added his voice to this allegation, affirming that his own independent inquiries showed that the same individual is indeed culpable. He went on to say that the name of the person has been made available to the highest authority in the land.

    The question on the lips of Nigerians is: who is this person? What is so special about him that he cannot even be named? Why can’t he be brought out for the public to see the person who has helped in sending thousands of Nigerians to their early graves while the nation is faced with the greatest threat to her unity since the Nigerian civil war nearly fifty years ago? Why has the CBN remained mute about this issue, since its name is being dragged to the mud? Why hasn’t the CBN seen it fit to tell Nigerians what it knows about this matter?

    Happily, the Socio-Economic Rights and Accountability Project (SERAP), a social crusader organisation funded by APC sha-has taken up————————————the
    gauntlet and given the CBN a fourteen-day ultimatum, based on the Freedom of Information (FOI) Act. SERAP demands information about the persons involved in the money laundering and sponsorship of Boko Haram sect. A statement from the group said the CBN Governor, Mr Godwin Emefiele, is required to explain the exact nature of any such transactions. Is Sanusi the CBN ex Governor who was installed as the Emir of Kano by APC———via Tinubu still alive and well——let him be man enough to speak up now—————————–APC shouléd focus its janjaweed ideas on how we are going to expose and send the vampires behind boko haram in their janjaweed party——————waiting and wait we will for APC- to confess their sins to their adopted nation Nigeria-

  • teddy

    Who ll investigate who? Senate investigate presidency or president investigate ‘Nigerian govt’. When ordinary Farouk Lawal is above persecution, then we talk of almighty Fed. govt. The only good thing that can result from this money is for South Africa to seize the money & use it to develop their country, any attempt to return it to Nigeria, the money ll miss mid-air. It was not meant for the good of Nigerians, na God catch them. And SA should do all they can to ridicule Nigeria, our govt deserve it. As for ordinary Nigerians let’s keep praying

    • Adamu Mohammed

      THIS IS VERY UNFORTUNATE. RECALL THAT IN 2012 DANGOTE AND SOME PERSONS
      COLLECTED OVER 15 BILLION NIARA OSTENSIBLY AS FUNDS TO PROVIDE SOME
      RELIEF FOR VICTIMS OF FLOOD DISASTER SUCH AS THESE INNOCENT NIGERIANS.
      BUT OVER TWO YEARS AFTER NOTHING HAS BEEN HEARD ABOUT THE MONEY AND NO
      PROJECT HAS BEEN EXECUTED. SOME REPORT SAYS THE MONEY HAS SINCE BEEN
      DIVERTED/EMBEZZLED. MR DANGOTE NEEDS TO QIUCKLY COME FORWARD AND CLEAR
      HIS NAME. OR AT LEAST DO WHAT HE PROMISED TO DO WITH THE MONEY. INNOCENT NIGERIANS ARE SUFFERING…

  • TRUTH MASTER

    Never before has a Nigerian government flouted its own laws as this FG has done.

    In the wake of the Ebola virus in Nigeria, President Jonathan issued a directive against large gathering, but his supporters – under TAN – flouted the same directive with impunity

    The Jonathan Administration has flouted the law that bans electioneering campaign until 90 days before election. Government ministers and officials have been campaigning openly for President Jonathan, in an open defiance of the nation’s laws.

    And now the government has flouted its own anti-money laundering laws by attempting to smuggle 9.3 million dollars into South Africa.

    How low can a country be brought by its own government?

    • SB

      The pdp led government have continued to make this great nation a mockery in the international community. The solution to our problem is simple vote pdp led government out come 2015.

  • Mr Igbo Sanity

    President Buhari. Help is on the way!

  • $20 billion (dollars) is still unaccounted for at NNPC

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    • bash

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  • Abel Wariboko

    National security is overrides every other thing. Even the US engages in underground activities to outmaneuver other countries. That is why I am saying was the money actually meant for national security issues?then why don’t we audit security votes?

    • aonwuduru

      I agree with you. Every country engage in these secret deals to procure arms. It is a known fact that while the Fed govt await the return of our legislative arm to approve the monies for arms to combat Boko Haram, some form of ammunition is urgently needed to push them back from acquiring more territories. South Africa should have handled it more politically rather than playing to the gallery. As for the gladiators on the pages of newspaper, nothing will come out it. The money will still be released, and arms procure any how.

      • Thatcynic

        South Africa has a history of not releasing such monies.

  • jumia

    Saharah reporters, I keep on wondering y u refused to publicise EU paliament on 16th of this month which indited APC as people sponsoring bokoharam in Nigeria. Have u punch, Vanguared, saharah reporter not seen it?
    Pls punch bring it to our domain so that many Nigerians will know who are bokoharam party and those sponsoring it.
    In that EU paliament press conference, they stated it clear that APC as a party, has been to financial source of bokoharam.
    They made it clear that subsidy money made for the northern parts of the country, is being used to finance bokoharam and the called for the stop of those money
    They also quoted FBI investigation that Atiku Abubaka received money from AL-quada to distabilise the southern part of the country.
    The also quoted Buhari in 2001, he called for Sharia law in Nigeria and total Islamisation of Nigeria even at the southern part of the country.
    Y is Nigerian news pepers fefusing to publicise it?
    Atiku, u are a terrorist and Buhari is also a terrorist who plan to Islimis Nigeria.

    • Zarto Ali

      Is this related to the issue under discussion. you may be entitled to your opinion thou, but maturity, and decorum are indeed lacking.

    • NGPolitico

      I have googled, searched and scouted the interweb for a direct quote from the EU parliamentarian on APCs BH link but I am yet to find it. I have seen only Nigerian online newspapers comment on this with little substantiated evidence. The parliamentarian mentioned a link between BH and the Al Muntada trust fund. They are a global Muslim charity. (Google them)

      Premium times and commenters please provide foreign evidence that Mr Franz links APC to BH, after all the man is a foreign legislator and they generally talk with facts.

    • True nigerian

      Pls give us the URL or web address of the EU Parliament story. It will be interesting. Quickly pls…..

    • Onike24

      Why do you tell such bare faced lies?

  • Thatcynic

    You go into another man’s territory without declaring something you definitely know you should declare. It’s almost like a poor man smuggling in hard drugs/substances into another country; if he is caught he will have the reason of being poor( although that won’t help his case). No need to pretend to be dumb, this pattern is definitely one way to salt away cash. South Africa will hold onto that cash and the owner will not bother to go for it for fear of further exposure of his money laundering activities.

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  • Sanmi Falae

    A truly sobering reflection. Ours is a travesty or poor imitation of true democracy fundamentally because of the ignorance of our though highly literate politicians running the system. Hence I prefer the term ‘intelligent-democracy’ to ‘advance- democracy’. Since acquisition of practical intelligence is not about how long but how well you have been learning or performing a function. For instance, in an intelligent-democracy even common sense dictates to politicians that the interests of their country and welfare of their people are supreme and non negotiable. Because it is also simple common sense that you don’t have a political process and representation without a country. Whereas with our ignorant politicians, personal, god father/mother, and sectional interests come before that of our country and people. In an intelligent-democracy the interest of the nation supersedes party supremacy. But intra-party conflicts around matters of national interest are resolved in open debates and failing that, a referendum. Meaning that -and no disrespect intended here- if Saraki were to be, TECHNICALLY SPEAKING, intelligent and patriotic, he would openly and clearly state his concerns about the Senate to his party and country for debate and resolution. And if he remains unsatisfied, he would be right to exercise his right to contest leadership of the Senate BUT in a free and fair election i.e where every senator is present to vote. Ironically, if you tell an African politician he is not intelligent as Saraki continues to prove, he would arrange to have you jailed, sacked, maimed, or assassinated – thus reinforcing even more the fact that he is not intelligent!!!! In an intelligent -democracy, when politicians act unintelligently and undemocratically, they volunteer an apology or resignation, depending on the gravity of the breach. Why? Because it is an INTELLIGENT-DEMOCRACY. i.e run by intelligent people.

  • Bin Abdulkareem

    Bamidele, your piece is a ranting of a dirty worm living with, surrounded by, and reflecting the views of pigs. You wrote as an ignoramous and a wicked soul-reflecting only the view of a section. It doesn’t reflect the investment on you as someone who had gone to school. I doubt if you even have a sound degree. Anyway what does it matter, Jonathan had a PhD and did what he did to Nigeria. I think we should now be talking or responsible and developmental journalism now, rather than playing to the gallery. You have not done well Bamidele.

    • New Dawn

      Why are you so angry man? Take it easy. It’s not good for your health. It seems as if your wound has been touched. Hehehehe!!!