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Southern African nations are at it again. Nyasha Chingono reported in late May that those “hosting the largest elephant populations in the world made a fresh pitch…to be allowed to sell their $1bn ivory stockpiles”, purportedly to allocate it towards conservation. How they derive this figure is unclear, and the report doesn’t question its veracity. Current ivory prices are around US$400/kg in illicit markets in the East and averaging about $92/kg across Africa (except for Nigeria which has now become the continent’s major export hub).

In 2020, a bank in Singapore found that one of its customers had paid $130,000 to a South African supplier for 11 cheetahs. Though the animals were transported directly from the source country to the destination country and never transited through Singapore, the money passed through the customer’s bank account here. The bank, which was not named by the authorities, filed a suspicious transaction report (STR) and terminated the customer relationship.

In a landmark joint operation, the Nigeria Customs Service (NCS), supported by the Wildlife Justice Commission has successfully arrested two major wildlife traffickers in Nigeria. These arrests are linked to the significant seizure of 1.58 tonnes of ivory at Lach Huyen International Port, Hai Phong, Vietnam on 27 March 2024. Comprehensive intelligence-led investigations by the Wildlife Justice Commission in response to the Hai Phong seizure led to the identification and location of both the alleged shipper and supplier of the ivory.