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Business News of Tuesday, 29 November 2016

Source: citifmonline.com

DKM customers threaten demo over non-payment of claims

Some customers of DKM Microfinance Company who have so far not received any payment of their locked up investments, are planning to embark on a major demonstration.

This follows another assurance by the Official Liquidator for DKM Microfinance Company, the Registrar General’s Department that it will complete all anomalies for customers to be paid.

‘We have heard this kind of news several times saying that by the close of the week the list will be out, by the close of the week the list will be out so many times so because of that any news that comes from them we won’t believe until the list is really out’.

He added, “We are just tired we are tired seriously we don’t believe any information that comes out of the liquidators’ office currently even the numbers that they gave to people that you can call to find out what is happening .they don’t pick the calls.”

According to the Principal Company Inspector for the Official Liquidator Jones Nathaniel Ansah, the rectification should be completed by the end of this week. But the customers insist the posture of the Registrar General’s Department is not convincing enough as it has been unable to fulfill earlier promises.

Spokesperson for some of the DKM customers in Tamale, Mohammed Ibn Issaka explained to Citi Business News they are just waiting for authorization from the police before they go ahead with the demonstration. ‘’The liquidator is now playing games with us.

As I speak to you now we are currently preparing to go to the police station and we have been advised on what to do before we embark on a demonstration and we will be meeting with the police shortly,” Mohammed stressed. He concluded, ‘I have suppressed my colleges for long I have spoken to them to calm down but this time round it is not working.

The police will have to provide us with security because it is going to be a major demonstration.’

Thousands of customers of DKM Microfinance Company lost their investments running into millions of cedis after the owners of the company invested in unapproved venture and lost their funds. Customers of the company thronged to all the branches to withdraw their funds after the news went viral, creating a panic situation.

The Bank of Ghana confiscated the assets of the company and appointed the Registrar General’s Department to commence liquidation process to refund customers of the company.