Failing that, his office would resort to legal instruments at its disposal, one being an international warrant.
ICIJ uncovered a web of more than 400 companies and subsidiaries in 41 countries linked to Isabel dos Santos or her husband, Sindika Dokolo, including 94 in offshore havens like Malta, Mauritius and Hong Kong.
They are CDH Balanced Fund Limited, Sirius Opportunity Fund Limited, First Fund Limited, Heritage Fund Limited, Galaxy Balanced Fund Limited and Ideal Sika Fund Limited.
President Akufo-Addo said in as much as the action to close down the malfunctioning banks and micro finance institutions was painful, it was a move that inured to the benefit of the depositors of those institutions.
What makes the case bizarre is that Arijs and his partners say they have spent close to R9 million in legal fees fighting the case over the years – and they’re not giving up, despite Arijs’s sequestration.
The battle between the firm and its former CEO first exploded into the headlines when Old Mutual suspended Moyo in May 2019, citing a “material breakdown in trust and confidence” over an alleged conflict of interest.
Now, banks are seeking to identify properties and bank accounts linked to Mr Shah, especially outside Kenya, with a view to seizing and recovering the billions of shillings the lenders are owed by Nakumatt.