Nico Josea’s assets listed for attachment

Josea received N$29,5 million from the N$30 million Avid Investments secured from the Social Security Commission.

On Thursday evening, the SSC’s legal counsel went through a list of Josea’s assets that have been listed for attachment. They include the following: PROPERTY : A house in Suiderhof, Windhoek.No bank valuation provided.He paid N$300 000 into his home loan since securing the Avid Investment.Four erven in Aus.Valued collectively at N$160 000.VEHICLES: SSC legal counsel Andrew Corbett noted before the court that Josea went on a “spending spree” when it came to buying vehicles and bought them in a short space of time – leading the SSC to believe that they were purchased with its money.Toyota Prado 4X4: Already attached.Bought in 2004 for N$257 000.Volvo: No details provided.Recently purchased.VW Golf : Bought in February for N$218 000.Josea said the vehicle was parked at a friend’s house in Johannesburg he used it when he travelled there.He said his Johannesburg-based lawyers would arrange for it to be handed over to the liquidators Opel Corsa 1.7 DTI: Bought in March for a certain W Josea living in Springbok, South Africa.Isuzu Bakkie: Already attached.Bought for N$203 000 from Auas Motors in Windhoek.1998 Toyota Stallion: Belongs to Josea’s business Crown Builders.1997 Mercedes: Registered in wife’s name.Valued at N$113 000.1990 Toyota bakkie: Valued at N$46 000.POLICIES: Old Mutual policies for him and his wife, valued at N$2,3 million.They include the following: PROPERTY : A house in Suiderhof, Windhoek.No bank valuation provided.He paid N$300 000 into his home loan since securing the Avid Investment.Four erven in Aus.Valued collectively at N$160 000.VEHICLES: SSC legal counsel Andrew Corbett noted before the court that Josea went on a “spending spree” when it came to buying vehicles and bought them in a short space of time – leading the SSC to believe that they were purchased with its money.Toyota Prado 4X4: Already attached.Bought in 2004 for N$257 000.Volvo: No details provided.Recently purchased.VW Golf : Bought in February for N$218 000.Josea said the vehicle was parked at a friend’s house in Johannesburg he used it when he travelled there.He said his Johannesburg-based lawyers would arrange for it to be handed over to the liquidators Opel Corsa 1.7 DTI: Bought in March for a certain W Josea living in Springbok, South Africa.Isuzu Bakkie: Already attached.Bought for N$203 000 from Auas Motors in Windhoek. 1998 Toyota Stallion: Belongs to Josea’s business Crown Builders.1997 Mercedes: Registered in wife’s name.Valued at N$113 000.1990 Toyota bakkie: Valued at N$46 000.POLICIES: Old Mutual policies for him and his wife, valued at N$2,3 million.

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