Country of Asset Location
South Africa
Other Jurisdictions Involved
Nigeria
Action Initiating Asset Recovery
Other procedure
Stage of Asset Recovery
Assets returned
Which authorities or agencies were involved in the asset recovery/return process
The asset freezing/seizure order and enforcement order were under the jurisdiction of South Africa (High Court of South Africa: Gauteng Division, Pretoria).
Legal Basis for Asset Recovery in the country of asset location
Non-conviction based confiscation (NCB)
Legal Basis for International Cooperation
N/A
Manner of Asset Transfer
Other
Contributing Factors in Asset Recovery
Other
Specify Other
Co-operation between the Governments of South Africa & Nigeria
Notes
The manner of asset transfer was confiscated money handed over to Nigerian Government /Embassy as per forfeiture order.
The action initiating the asset freeze/seizure was cash seized at airport through customs.
Assets returned
#1
Assets returned
102,654,160.00 ZAR
Assets Returned (USD equivalent)
$5,446,727.07
Date of return
March 2016
Asset Type at Time of Return
Cash/bank deposit
Agreement for Returned Assets
No
Asset Type at Time of Confiscation
Cash/bank deposit
Assets Frozen/Seized
#1
Date of freeze/seizure
September 2014
Jurisdiction
South Africa
USD Conversion date
September 2023
Date and Country of Case Submission
January 1, 2020
South Africa
Data Source
Official information provided by country authorities