Johannesburg – The Directorate for Priority Crime Investigation (Hawks) has arrested a Nigerian businessman, Benjamin Stanley Okwudili, for allegedly being in possession of suspected precious metals worth R50 million.
Hawks spokesperson Lieutenant Colonel Lloyd Ramovha confirmed the arrest in a statement on Wednesday, March 5, 2025. He said Okwudili was apprehended on February 27 at a residence in Linbro Park, Sandton, following an intelligence-driven operation by the Johannesburg Serious Organised Crime Investigation (SOCI) unit.
High-Stakes Operation
Authorities launched the operation after receiving intelligence about the unlawful storage of palladium at a property on 1st Road, Linbro Park.
“Upon arrival, the team encountered a Nigerian male, Mr. Benjamin Stanley Okwudili,” said Ramovha. “The officers introduced themselves and requested permission to search the premises, which was granted.”
Although no contraband was initially found inside the house, a thorough search of the garage led to a major discovery—a gold suitcase wrapped in clear cling wrap. Upon inspection, investigators found approximately 90 kg of silver stones, suspected to be palladium, with an estimated market value of R50 million.
Unclear Ownership
Palladium, a silver-white metal resembling platinum, is widely used in electronics and industrial manufacturing.
When questioned, Okwudili allegedly claimed that he had received the suitcase from the Congo and was expecting a buyer to collect it. However, he failed to provide documentation proving his legal possession of the precious metal.
The South African Police Service’s Local Criminal Record Centre was called in to process the evidence, and Okwudili was arrested and detained at Sandringham police station.
Legal Proceedings Underway
The 55-year-old businessman appeared before the Johannesburg Magistrate’s Court on Monday, where the case was postponed to March 10 for verification of his immigration status in South Africa.
Meanwhile, Gauteng Hawks head Major General Ebrahim Kadwa commended the operation and issued a stern warning to those involved in illegal dealings in precious metals.
“This operation serves as a clear message 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,” Kadwa stated.
The investigation is ongoing as authorities work to uncover the full extent of Okwudili’s involvement in the illicit trade.
