recovered

SA: Nine Suspects Arrested For Looting, 53 TVs Recovered

November 10, 2019 1:45 pm

Door-to-door raids by police have resulted in nine arrests and the recovery of 53 large LED TV sets that were looted during a community protest in De Doorns in the Cape winelands past week.

The protest led to the closure of the N1 between Touwsriver and De Doorns on Thursday after two trucks came under attack and their consignments were looted.

Scenes of protesters carrying away large boxes containing TVs from one truck and an assortment of condiments from the other were captured in videos and pictures that went viral on social media.

“Following a community protest in De …

$267m Abacha loot recovered from British Virgin Islands

June 4, 2019 8:43 am

More than $267 million traced to the family of late Nigerian despot General Sani Abacha has been seized from a British Virgin Islands bank and paid into government coffers in an American state of Jersey.

The money was a part of more than $300 million stash the Jersey State government said on its website was “laundered through the US banking system by people including President Abacha’s son Mohammed” during the military regime of General Sani Abacha.

“On Friday 31 May 2019 US$267,751,992.02 was paid into the Civil Asset Recovery Fund,” Jersey State said.

“This fund is managed by the Minister …

₦29b recovered from debtors of liquidated banks – NDIC

April 4, 2019 10:14 am

The Managing Director of Nigeria Deposit Insurance Corporation ( NDIC ), Umaru Ibrahim has said that, the corporation has so far recovered N29 billion from debtors of liquidated deposit money bank, microfinance banks and primary mortgage banks.

He said that NDIC insured limits of N500, 000 for depositors in deposit money banks, non-interest bank and primary mortgage banks and N200, 000 for depositors in microfinance banks currently covers 95 percent of depositors across the country, 96.8 million accounts and 97.63 percent of the entire accounts in the banking system.

Addressing the NDIC Special Day at the 40th Kaduna International Trade …