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General News of Friday, 18 October 2019

Source: citinewsroom.com

EOCO investigates directors of collapsed microfinance companies

The Economic and Organised Crimes Office (EOCO) is instituting investigations into directors of over 65 of the collapsed Microfinance Institutions in receivership.

The directors are to be investigated on their individual roles in the use of depositor funds.

Citi News sources say that records of many of the companies cannot be traced while many of the directors cannot also be located.

In line with the Banking sector reforms, the Central Bank in May revoked the licenses of 347 insolvent microfinance institutions.

The Receivers have subsequently taken steps to begin repayment of depositors’ funds.

EOCO according to Citi News sources is assisting the Receiver to locate, interrogate and conduct investigations into the conduct of directors of these companies.

Below is the full list of the microfinance institutions whose licenses were revoked by the BoG

Microfinance Companies – Insolvent

1st Eye Microfinance Company Limited

Abepa Microfinance Limited

Acea Microfinance Co. Limited

Adom Sika Microfinance Limited

Advalue Microfinance Limited

Ae Microfinance Company Limited

Af Microfinance Company Limited

Afrique Capital Microfinance Limited

Akad Microfinance Limited

Aki Microfinance Company Limited

All Ghana Microfinance Limited

All Inclusive Microfinance Limited

Alliancetrust Microfinance Limited

Amisgold Microfinance Services Limited

A-N Microfinance Services Limited

A-One Trust Microfinance Services Limited

Appiaduman Microfinance Limited

Aspet-A Microfinance Limited

A-Star Microfinance Limited

Axis Direct Microfinance Company Limited

Benkoson Microfinance Limited

Best Microfinance Services Limited

Bluehills Microfinance Limited

Boafo Ne Nyame Microfinance Limited

Bodev Microfinance Limited

Boin Microfinance Limited

Bonamax Microfinance Company Limited

Brite Life Microfinance Limited

Broadview Capital Microfinance Limited

Capital And More Microfinance Company Limited

Capital Connect Microfinance Limited

Cash Multitrust Microfinance Limited

Cashphase Microfinance Company Limited

Cashplus Microfinance Limited

Christian Community Microfinance Limited

Citizen Capital Microfinance Limited

City Credit Microfinance Limited

Connect Capital Microfinance Limited

Cottage Microfinance Limited

Credability Investment And Microfinance Limited

Crown Capital Microfinance Limited

Crown House Microfinance Limited

Cymain Capital Microfinance Limited

Cypress Microfinance Company Limited

Dahinsheli Microfinance Limited

Daily Capital Microfinance Limited

Datacash Microfinance Limited

Dbm Microfinance Limited

Delight Microfinance Company Limited

Des Microfinance Limited

Dolphin Microfinance Services Limited

Donewealth Microfinance Limited

Dove Microfinance Company Limited

Dpf Microfinance Limited

D-Vanc Microfinance Limited

Dwetire Microfinance Limited

Easyfast Microfinance Limited

Ebenezer Microfinance Company Limited

Eclipse Microfinance Limited

Emefs Microfinance Limited

Emeralf Microfinance Limited

Emerge Microfinance Limited

Emeton Microfinance Services Limited

Empire Credit Microfinance Limited

Emwl Microfinance Company Limited

Et Microfinance Limited

Evergreen Microfinance Limited

Expressway Microfinance Limited

Fast Track Capital Microfinance Limited

Financial Republic Microfinance Company Limited

Fino Microfinance Limited

First Call Microfinance Company Limited

First Liberty Microfinance Limited

Fountaingate Microfinance Limited

Frontier Capital Microfinance Limited

Frontline Microfinance Limited

Fts Capital Microfinance Limited

Future Leaders Microfinance Limited

Gab Microfinance Limited

Gad Microfinance Limited

Galaxy Microfinance Limited

Geo Multi Microfinance Limited

Gg Credit Microfinance Company Limited

Ghabsy Microfinance Limited

Giant Steps Microfinance Services Limited

Global Feed Microfinance Limited

Global Trust Microfinance Services Limited

God Is Perfect Microfinance Limited

Goldman Capital Microfinance Co. Limited

Great Nation Microfinance Limited

Greenfield Microfinance Services Limited

Hegis Microfinance Limited

Heritage Microfinance Limited

Hodidi Microfinance Company Limited

Home Support And Allied Microfinance Limited

Idos Microfinance Limited

Integrity Capital Microfinance Limited

Jcf Consumer Microfinance Limited

Jdc Microfinance Company Limited

Jefam Microfinance Company Limited

Jidai Microfinance Limited

Jw Microfinance Limited

Kingdave Microfinance Limited

Kingsbridge Microfinance Limited

Kka Empire Microfinance Limited

Kwahu Microfinance Company Limited

Lake View Microfinance Limited

Legend Microfinance Co. Limited

Liberty Dmi Microfinance Limited

Liberty Trust Microfinance Limited

Lj Cashplus Microfinance Limited

Lloyds Capital Microfinance Limited

Mace Microfinance Limited

Masadar Microfinance Limited

Melbond Microfinance Limited

Meridian Microfinance Limited

Micaid Microfinance Company Limited

Mop Microfinance Limited

Multi Money Microfinance Company Limited

Multibility Microfinance Limited

Nas Microfinance Company Limited

Nationwide Microfinance Limited

New Business Microfinance Limited

New Image Microfinance Limited

New Ways Microfinance Limited

Nkosuo Microfinance Limited

1 Microfinance Company Limited

Ofs Microfinance Company Limited

Optimal Microfinance Limited

Osomufo Microfinance Limited

Oval Microfinance Limited

Paragon Microfinance Company Limited

Pathway Microfinance Limited

Pearlhouse Ghana Microfinance Limited

Peesam Microfinance Limited

Perebrim Microfinance Company Limited

Planet Microfinance Limited

Planters Capital Microfinance Company Limited

Prime Guaranty Fsl Microfinance Limited

Primecredit Microfinance Limited

Primus Microfinance Limited

Prof Microfinance Limited

Progressive Microfinance Company Limited

Pronto Microfinance Limited

Proseed Microfinance Company Limited

Purpose Microfinance Limited

Q-Star Investments & Microfinance Limited

R&J Gateway Microfinance Services Limited

Rancare Microfinance Limited

Redeemer Microfinance Limited

Renaizance Capital Solutions Microfinance Limited

Reob Fekams Microfinance Company Limited

Rightway Microfinance Limited

Rivers Capital Microfinance Limited

Ropa Microfinance Limited

Ross Capital Microfinance Limited

Royal Steps Microfinance Limited

Royalty Capital Microfinance Limited

Safenet Microfinance Limited

Samag Microfinance Limited

Savannah Microfinance Limited

Savplus Microfinance Services Limited

Silver Trust Microfinance Company Limited

Solid Rock Microfinance Limited

Solutions Microfinance Limited

Sources Unlimited Microfinance Limited

Sovereign Microfinance Limited

Standard Trust Microfinance Limited

Star Alliance Microfinance Limited

Starling Microfinance Services Limited

Startwell Microfinance Company Limited

Supreme Trust Microfinance Limited

The Orange Capital Microfinance

The Rashards Microfinance Limited

The Trustline Microfinance Company Limited

Ti Microfinance Limited

Total Discount Microfinance Limited

True Life Capital Microfinance Limited

Trust Link Microfinance Limited

Trust Microfinance Company Limited

Turnstar Microfinance Limited

Unik Life Microfinance Limited

Unique Microfinance Limited

Unique-Mas Microfinance Company Limited

Vision Credit Microfinance Limited

Voa Microfinance Limited

We Enable Microfinance Limited
Wintrust Microfinance Limited

Wondaland Microfinance Limited
Yan Microfinance Company Limited

Yeken Microfinance Limited
Yoli Microfinance Company Limited

Microfinance Companies – Insolvent And Ceased Operations

72 Hours Microfinance Company Limited
Abis Plus Microfinance Limited
Acit Capital Microfinance Limited
Adwenpa Microfinance Limited
Adwumaden Microfinance Limited
African Trust Microfinance Limited
Ag Microfinance Limited
Agt Microfinance Company Limited
Allot Microfinance Company Limited
Arhinpa Microfinance Limited
Attention Microfinance Limited
Av Global Microfinance Limited
Beaconcity Microfinance Company Limited
Bedel Microfinance Limited
Bengay Microfinance Company Limited
Better Life Microfinance Company Limited
Big Dreams Microfinance Limited
Bik Microfinance Company Limited
Boatem Microfinance Limited
Boavole Microfinance Limited
Brisk Credit Microfinance Limited
C.I.G. Microfinance Limited
Capital House Microfinance Limited
Capital Line Microfinance Limited
Captains Microfinance Company Limited
Casablanca Microfinance Limited
Cashbridge Microfinance Limited
Cc Microfinance Limited
Citizens Resource Microfinance Limited
Comaid Microfinance Limited
Comba Microfinance Limited
Common Capital Microfinance Limited
Community Microfinance Limited
Crucial Times Microfinance Limited
Cypress Cedar Microfinance Company Limited
Daa Nhyira Microfinance Company Limited
Dc Microfinance Company Limited
Dems Microfinance Company Limited
Dg Capital Microfinance Limited
Divine Fortunes Microfinance Limited
Divine Microfinance Limited
Dwadifo Adanfo Microfinance Company Limited
Dynasty Microfinance Services Limited
Eden Microfinance Limited
Ekoba Get Rich Microfinance Limited
Elite Microfinance Limited
Ellis Microfinance Limited
Era Microfinance Services Limited
Excel United Microfinance Limited
First Fidelity Microfinance Limited
Flexi Microfinance Limited
Focus Link Microfinance Company Limited
Fortress Microfinance Company Limited
Frankaman Microfinance Company Limited
Giant Gait Microfinance Limited
G-Life Microfinance Limited
Global One Microfinance Company Limited
Gmet Microfinance Limited
Godigo Microfinance Limited
Golden Trust Microfinance Company Limited
Goldpot Microfinance Limited
Goodnews Microfinance Company Limited
Halal Microfinance Limited
High Prestige Microfinance Services Limited
Hog Microfinance Limited
Ics Microfinance Limited
Ik Microfinance Limited
Instant Microfinance Limited
Investsure Microfinance Limited
Jada Microfinance Limited
Jays Microfinance Limited
Jopat Microfinance Company Limited
Jorbies Microfinance Limited
Joyhelp Microfinance Limited
Joyprin Microfinance Company Limited
K. A. D. Microfinance Limited
Kanafin Microfinance Services Limited
Kapital Express Microfinance Company Limited
Karsi Microfinance Limited
Kenlasab Microfinance Limited
Kingdom Trust Microfinance Limited
Landmark Microfinance Limited
Last Chance Microfinance Company Limited
Latter Rain Microfinance Limited
Lead Capital Microfinance Limited
Lead Global Microfinance Limited
Leap Credit Microfinance Limited
Light Microfinance Limited
Liquidity Solutions Microfinance Limited
Liyac Microfinance Company Limited
Loyal Shepherd Microfinance Limited
Mallon Microfinance Company Limited
Man Capital Microfinance Company Limited
Mars Microfinance Limited
Megamitch Microfinance Limited
Micrene Microfinance Limited
Mighty Microfinance Limited
Mokap Microfinance Limited.
Moneyshop Microfinance Limited
Moore Naara Microfinance Limited
Mt Microfinance Limited
Nativity Microfinance Services Limited
Niva Microfinance Limited
Noble Dream Microfinance Limited
Obaatanpa Microfinance Company Limited
Obuoba Microfinance Company Limited
Oye Microfinance Limited
Panam Microfinance Company Limited
Pimcel Microfinance Company Limited
Pinnacle Microfinance Limited
Platinum Capital Microfinance Limited
Premier Microfinance Limited
Price Capital Microfinance Limited
Profit Point Microfinance Limited
Pro-Link Microfinance Limited
Prudence Microfinance Limited
Purple Microfinance Limited
Qodesh Microfinance Limited
Quick One Microfinance Limited
Reell Microfinance Limited
Restore Microfinance Company Limited
Rhokida Microfinance Limited
Royal Future Microfinance Limited
Sag Ave Maria Microfinance Company Limited
Say-Adsam Microfinance Limited
Seedshare Capital Microfinance Limited
Shalom Microfinance Company Limited
Shine Credit Microfinance Limited
Sica Microfinance Limited
Silban Capital Microfinance Limited
Sim Microfinance Limited
Skycredit Microfinance Limited
Skyy Creditline Microfinance Limited
Solution Pioneers Microfinance Company Limited
Ss Microfinance Limited
Ss Stacots Microfinance Company Limited
St. Mary’s Microfinance Limited
Stalwart Microfinance Services Limited
Star Plus Microfinance Limited
Star Wealth Microfinance Limited
Strategies Microfinance Services Limited
Sweet Jesus Microfinance Limited
Tbs Capital Microfinance Limited
The Informal Project Microfinance CompanyLimited
Tipping Point Microfinance Limited
Trans Microfinance Limited
Turning Point Microfinance Company Limited
Unicorn Happy Investment Microfinance Limited
V-Seed Microfinance Services Limited
Waxson Microfinance Company Limited
Western Allied Microfinance Limited
Wetland Microfinance Limited
Wimac Trust Microfinance Limited
Wiselink Microfinance Company Limited
Xerox Microfinance Services Limited