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Nigerian businessman arrested in South Africa for alleged possession of precious metals

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Nigerian businessman arrested in South Africa for alleged possession of precious metals

by Present Nigeria
March 5, 2025
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Nigerian businessman arrested in South Africa for alleged possession of precious metals
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The Directorate for Priority Crime Investigation, also known as the Hawks, has arrested a Nigerian man, Benjamin Stanley Okwudili for possession of precious metals.

Gauteng spokesperson for the Hawks, Lieutenant Colonel Lloyd Ramovha, who confirmed this in a statement on Wednesday, March 5, 2025, said Okwudili was arrested at Linbro Park, Sandton, after being found in possession of suspected precious metals estimated at R50 million.

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Ramovha said the Hawks’ Johannesburg Serious Organised Crime Investigation (SOCI) conducted a “diligent” intelligence-driven operation regarding contravention of the Precious Metals Act on February 27, resulting in the arrest.

“The operation was executed following critical information about palladium unlawfully stored at a residence on 1st Road, Linbro Park. Acting promptly, the team proceeded to the identified location. Upon arrival, they encountered a Nigerian male, Mr. Benjamin Stanley Okwudili,” said Ramovha.

The officers introduced themselves and requested permission to search the premises, which the Hawks say was granted.

“Despite finding no illegal items within the house, a thorough search of the garage revealed a gold suitcase wrapped in clear cling wrap. Upon inspection, the suitcase was discovered to contain approximately 90 kg of silver stones, suspected to be palladium, with an estimated value of R50 million,” said Ramovha.

Palladium is a silver-white metal that resembles platinum. It’s used in many types of manufacturing processes, particularly for electronics and industrial products

When questioned about the suitcase, the Hawks said Okwudili stated he had received it from the Congo and was expecting a buyer to collect it.

“However, he failed to produce any documentation authorising his possession of such minerals,” said Ramovha.

Consequently, the SA Police Service’s Local Criminal Record Centre was summoned to the scene for further processing.

Okwudili, 55, was then arrested. He was detained at Sandringham police station after being charged.

The Nigerian national appeared before the Johannesburg Magistrate’s Court on Monday, where the case was postponed to March 10 for confirmation of Okwudili’s status in South Africa.

Meanwhile, Gauteng provincial head of the Hawks, Major General Ebrahim Kadwa has welcomed Okwudili’s arrest.

“This operation serves as a stern warning to all dealers in precious metals: adherence to the law is non-negotiable. Authorities will take decisive action against any individuals or entities found in violation of the Precious Metals Act,” he said

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