VBS Bank gets order to seize Jacob Zuma's assets | News24

News24 reported in 2019 that Zuma had to cough up millions to pay back his VBS bond - or lose his Nkandla property.

Court papers filed by Rooplal at the time showed Zuma had defaulted on the multimillion-rand loan extended to him by the bank in 2016.Rooplal said several attempts to recover the money owed had been unsuccessful. Rooplal and VBS had asked the court to grant an order to force Zuma to pay up, or give an order that will allow VBS to execute on the property a section of land owned by the Ingonyama Trust, named Nxamalala Farm, and on which Nkandla is built.

I hope I live to see this day

Same article

The state should pay for this after all the sacrifices Mr Zuma has made as freedom fighter.

It's abt time , dnt 4gt the GUPTAS

this is great news! I have been waiting to see this fools downfall for many, many years. ek kry so f*kken lekker nou.

why

I'm sure that homestead can be sold on Auction for that Price. Thatched roof nogal. Clean everything

Wouldn’t hold your breath this lying stealing corrupt thief pays nothing back and gets away with it!

Zizophinde zikhale julyunrest reload

But why can’t he just pay the money? I am sure with his yrs of service as President and Deputy President he has saved more than R6.5 Million.

The man has no bone that has honesty in his body

The Zuma cracks are starting to show... MYANC is not able to protect him anymore, they struggle to pay salaries let alone bribes

We still here

Hmmm seizing anything in Nkandla will result in a war 🤞🏿🤞🏿. Zuma’s supporters aren’t gonna relax and chill this time around

Jimmy Manyi is going to appeal

How long has this been going on? Lmao.

Eish inkinga zika madala azipheli

This is a 3rd time in 8 hours you writing this! Come on!

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BREAKING: It’s #paybackthemoney time: Court rules VBS can seize Jacob Zuma’s assetsVBS Mutual Bank can now seize former president Jacob Zuma’s cattle, furniture and other realisable assets to repay his R6.5-million loan for his homestead at Nkandla in KwaZulu-Natal. This on the back of an order in VBS’ favour by the High Court in Pietermaritzburg, delivered on Tuesday. PaulivW Tell us about Phala Phala please, we still waiting for Ranko to be arrested 🤞🏽🤞🏽🤔🤔 PaulivW He will do everything possible to review or appeal the ruling. ermbates PaulivW Cannot wait to see that!
Source: dailymaverick - 🏆 3. / 84 Read more »

BREAKING: It’s #paybackthemoney for Nkandla time: Court rules VBS can seize Jacob Zuma’s assetsVBS Mutual Bank can now seize former president Jacob Zuma’s cattle, furniture and other realisable assets to repay his R6.5-million loan for his homestead at Nkandla in KwaZulu-Natal. This on the back of an order in VBS’ favour by the High Court in Pietermaritzburg, delivered on Tuesday. PaulivW let’s see how Jimmy tries to spin this one 🤪 PaulivW Attach Nkandla PaulivW Hehehe 😃 😀 😄 😁
Source: dailymaverick - 🏆 3. / 84 Read more »

BREAKING: It’s #paybackthemoney Nkandla time: Court rules VBS can seize Jacob Zuma’s assetsVBS Mutual Bank can now seize former president Jacob Zuma’s cattle, furniture and other realisable assets to repay his R6.5-million loan for his homestead at Nkandla in KwaZulu-Natal. This on the back of an order in VBS’ favour by the High Court in Pietermaritzburg, delivered on Tuesday. PaulivW Good PaulivW isn't it time for thr prosecution of the VBS masterminds? This will be settled without any asset being seized.. Or simply won't be acted on.. Or will be referred to the con court under some cooked up legal pretext..
Source: dailymaverick - 🏆 3. / 84 Read more »