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Business News of Monday, 3 October 2016


RGD to publish validated creditors of DKM today

The Official Liquidator of DKM Diamond Microfinance, the Registrar – General’s Department has told Citi Business News that it will publish the list of validated creditors of the microfinance company today.

Initially, names of all the validated creditors of DKM Diamond Microfinance were scheduled for publication last Friday but was cancelled. The department later explained that the exercise was suspended due to logistical challenges.

Acting Registrar – General at the Registrar – General’s Department Mrs. Jemima Oware told Citi Business News payment of the cash owed to customers will commence in the second week of October.

“In the second week of October we will start the payment in the recipient banks and at that point in time when you go to the notices and check your name you will know which bank your payment will be made,” she said.

“But let me say that the list is for verified creditors only this is because we are still verifying the list of creditors that we have. We have three banks being GCB Bank, ADB Bank and Fidelity Bank but GCB Bank is the bank that is ready at the moment.

We will soon complete negotiations with the other two banks”, she added. She assured that, customers who do not find their names must exercise patient since the process of verification is still ongoing.