Nigeria, June 25 -- The police in Dubai said on Thursday that they recovered over 150 million dirhams (about N16 billion) in cash during a coordinated raid on the apartments of Nigerians living in that city two weeks ago.

Ramon Abbas and Olalekan Ponle, widely known as Hushpuppi and Woodberry, respectively, and their alleged crew of 10 other Nigerians were the target of the June 10 operation tagged "Fox Hunt 2", officials said.

All the 12 were taken into custody where they have remained ever since. Dubai prosecutors said the suspects had given statements but investigations into their alleged fraud would continue for weeks to come before they could be charged.

"We seized more than Dh150 million in cash from them and confiscated 13 luxur...